News and events from TaxCalc
Over the next few months, as your work and home life start to blur, lots of challenges will present themselves which will have an effect on you both, mentally and physically, whether you’re aware of them or not.
Here’s some practical steps you can take to help you stay calm, relaxed and focused.Read more
I’m delighted, and very proud to say that Team TaxCalc has delivered the latest release remotely to keep you compliant with the latest legislative changes for the 2019/20 tax year. Our new release will be rolled out during Monday next week. Please keep your eyes peeled for the email that invites you to download and update.Read more
Last night the Government announced a scheme that assists the self-employed across the country during the COVID-19 pandemic. The Self-Employed Income Support Scheme will provide self-employed individuals a taxable grant worth 80% of trading profits, up to £2,500 a month for the next three months. It will also apply to members of partnerships.Read more
Our continued updates on what’s happening at TaxCalc:
- We are in the final stages of testing for the 2020 release with a view to the release landing by the end of this month.
- Our Customer Support Team is now set up and working from home, dealing with calls as if they are in the office.
At the time of writing, we are all OK. We have had a few of the team self-isolating but now that we are working from home, we have reduced the risk of infection considerably. Long may this continue. Plans are in place to ensure minimal disruption to you and your firm regardless of staffing levels.Read more
TaxCalc, like all business is having to implement a change to how we currently work in light of the rapid acceleration of the COVID-19 pandemic. As you would expect of a family business, we have prioritised the wellbeing of our employees and their collective families. As we navigate these uncertain times together, I want to keep you updated and assure you that it’s business as normal at TaxCalc.Read more
The growing range of zero emissions vehicles presents a real opportunity to cut expenses, but there are drawbacks to consider.
With few models to choose from and a frustrating ownership experience, the first wave of electric vehicles (EVs) was a tough sell. But heading into 2020, things are changing.
Company car tax is not only based on CO2 emissions, but also electric driving range. Prior rules stipulated that cars with an electric driving range of 130 miles and above would fall into the 2% car tax band, but these rules were recently scrapped. Pure electric vehicles—those without a tailpipe—will now benefit from an even lower 0% tax rate between 2020-2021. The following two years will see rates rise to 1% and 2% in 2021-22 and 2022-2023 respectively.Read more