UK Economy

Do You Pay UK Tax On Cryptocurrency?

Cryptocurrency came into being in 2009 when bitcoin was released into the world. A self-proclaimed Satoshi Nakamoto released the first-ever version of bitcoin that’ll serve as a blueprint for other, newer bitcoin currencies existing today. Because of Nakamoto pioneering this, Bitcoin became a means to have online transactions with smooth and hassle-free transactions.   From …

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Physio/Medical Bills – Can I Claim Them?

Other aspects that you can cover with this assistance is doctor-prescribed medications and equipment. This also includes ones that are needed by disabled people like wheelchairs, crutches and hearing aids. Even though the list seems extensive, some changes could happen from time to time. You need to be aware of these updates so that you …

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3 Questions You Need to Ask Before Making Work from Home Claims

Work from home arrangements has become increasingly popular because of safety and convenience. But, while it does have its benefits, this arrangement does pose some complications when it comes to taxes. Here are some of the answers to questions you may have about working from home so you can make the proper claims. Did I …

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What Happens if I Miss the Corporation Tax Deadline?

Deadlines and accounting taxes can be quite painful, especially if the paperwork still has some ways to go and the deadline is just around the corner. For business owners new to the game, you might be asking: what will happen if you fail to meet the deadline for filing a tax return and paying your dues? …

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Taxes and Duties for Imported Goods in the UK

Have you ever purchased something and had it shipped to you from overseas? Imported goods allow us access to products that are made in other countries. To bring them in, however, you need to pay certain duties and taxes to UK customs. If you are buying from abroad, here is a breakdown of what fees …

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Can I Make Myself Redundant?

Employment Redundancy The thought of unemployment usually sends a shiver down your spine. But there are some situations where redundancy or job loss is preferred because the workforce needs to be reduced. Can you ever make yourself redundant by choice? Why yes, you can. Whether it is from wanting to change careers or from wanting …

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a blog featured image Do Furloughed Employees Get Paid?

Do Furloughed Employees Get Paid?

During business slumps and economic recessions, enterprises go into survival mode. They will execute multiple strategies to keep the company thriving amidst financial crises. One way to do just that is to devise cost-saving plans to cut business expenses without compromising the acquired talent and human capital. So instead of laying off employees, firms resort …

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Do You Get Paid During A Furlough?

The pandemic’s adverse effect is crippling the economy, the government, and the country’s whole workforce. With over three months under community quarantine, businesses have no choice but to cease operations and resort to employee lay-offs or furlough, sometimes both.  As of date, there are approximately 800,000 enterprises who opted to furlough workers to keep their …

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