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Research & Development

Research & Development

RESEARCH & DEVELOPMENT CLAIMS Have you heard the phrase Research & Development Tax relief and thought that it does not apply to your Company?...well think again! YOUR company may well be entitled to Corporation Tax Relief on their Research & Development...

We are 1!

We are 1!

Stedman Accounting is celebrating its first year of trading and what a fantastic year it has been. Pandemic aside, we are so thrilled with how the first year has gone. We didn’t really know what to expect when we first set the company up and were extremely nervous and...

Communicating with Stedman Accounting – It’s your call!

Communicating with Stedman Accounting – It’s your call!

Having worked in accountancy and dealt with clients for 20 years, one thing that has struck me recently is how much our methods of communication have changed during this time. When I first started working, I would have to speak to client’s on the phone or face to face...

Personal Tax Allowance frozen for the next 4 years

Personal Tax Allowance frozen for the next 4 years

BUDGET 2021 SUMMARY PERSONAL ALLOWANCES – The personal allowance will rise to £12,750 from April 2021 and will remain at this level until April 2026. The higher rate tax threshold will rise to £50,270 from April 2021 and will also be frozen until April 2026. Pensions...

Tax return deadline extended

Tax return deadline extended

HMRC have extended the filing deadline for the 2020 self-assessment tax return by one month. The deadline should have been 31st January 2021 but due to the immense pressure caused by the coronavirus pandemic, HMRC will not impose the usual £100 fine for those returns...

Merry Christmas!

Merry Christmas!

As 2020 draws to an end, many of us will be glad to see the back of this year. With Christmas a time for reflection I can look back on 2020 and draw out many personal positives. Stedman Accounting was born and I am so thankful for the opportunities this has given me....

Gone Self-Employed?

Gone Self-Employed?

The current pandemic has seen a lot of people going self-employed or forming their own limited company. Whilst this is a positive step, it can be quite confusing to know what your new responsibilities are and what the tax implications of the new business are. As a...

Forced to work from home?

Forced to work from home?

If you have asked your employees to work from home, and you have not reimbursed them already, your employees may be entitled to claim tax relief on additional household expenses they have incurred, such as heating and lighting. You cannot claim for costs that you...

Home office

Home office

Converted a room or built a home office? Beware of the tax implications! As a result of the pandemic, many people have created a home office. Whether that be by converting a room or building an office in the garden. However, many are unaware of the potential tax...

Tax Return Deadlines!

Tax Return Deadlines!

Are you confused by the tax return deadlines? Most people file their tax return online now. If you file a paper return the deadline is 31st October. Online returns have to be filed by 31st January. If you want HMRC to automatically collect any tax you owe from your...