Kid’s ISA is a good way of saving
Nigel Holland " ISA planning for kids should be carefully made. They are a very tax efficient way to help save for their future.They have been around for some time now. Anyone can contribute to a child’s account at any time up to the annual limit."Nigel Holland Kids...
read moreErrors by HMRC
Nigel Holland " People should check their tax credits after an HMRC error. More than one million renewal notices have been sent to homes by HMRC and they have incomplete information. Human error has resulted in missing income information on the forms.A lot of...
read moreSpend, Spend, Spend
Nigel Holland " The Government are planning on a massive spending spree to help the economy. Boris will set out plans to accelerate spending on infrastructure projects.This is similar to the US spending by Roosevelt after the 1929 crash. The aim of this spending spree...
read moreMoratorium application
Nigel Holland " Many limited companies are experiencing severe cash flow problems at the moment and are on the brink of closure.The Government rules which were published today over applications for a moratorium under the Corporate Insolvency and Governance Act 2020...
read moreCompanies House Forms
Nigel Holland " Regular publications are issued by the Government. This was happening during the lockdown and will continue as the lock down comes to an end.Holland & Co have subscribed to these news letters in addition to other important publications which are issued...
read moreMove back to normality
Nigel Holland " A number of businesses have been given the go ahead to open on 4 July by the Government. These include restaurants, hairdressers, hotels, pubs and other businesses.Seating will need changing, customers urged to book in advance.Covid 19 risk assessments...
read moreCall for reduction in Tax
Nigel Holland " A number of people are now calling for a reduction in tax to stimulate the economy. This may be introduced by a cut in VAT or a cut in income taxes or corporation tax.Such a cut would be likely to stimulate the economy in the short term but in the long...
read moreMore Spending
Nigel Holland "The Bank of England will pump £100bn into the economy and yet the policy makers believe that the hit to the economy will be "less severe" than originally feared.This comes off the back of news that the UK's debt is now worth more than its economy.Also a...
read moreTax on Children
Nigel Holland " Children are liable to pay tax on savings. They have the same income tax allowance as adults. But they are able to earn £18,500 tax free in 2020/21.In almost all cases this is irrelevant because children generally do not earn money."Nigel Holland Do...
read moreTax on company cars
Nigel Holland " There is a benefits in kind tax on the use of company cars. A PIID form needs to be submitted to HMRC.One tip is to get a car which has low CO2 emmissions."Nigel Holland You’ll pay tax if you or your family use a company car privately, including for...
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