Millions of us have been working from home due to the COVID-19 pandemic. If you’ve been working remotely, your household bills might have increased over the past few months – and you may even have had to invest in a new broadband connection to support your work. The good news is that you may be able to claim tax relief to help cover the extra cost.

The Government’s working from home allowance scheme began in October 2021 and has already had an impressive uptake: in the first six weeks alone, more than one million people applied to HMRC. In this WKM guide, we explain who is eligible for the new tax relief, the amount you could claim, and how to claim it.

Keeping good accounting records can seem like a daunting task for any contractor. It can take time to get your records in order and can result in a lot of unnecessary stress. Here are some top tips on how to keep good accounting records.

As an employee, it is very important to check and understand your tax code. Most of us just assume that our tax code will be correct however sometimes this is not the case.  It could mean the difference between paying too much or too little tax.

Married couples were once viewed as a single taxable unit by the government resulting in you being taxed less after getting married. However this is not the case anymore, now you are mostly taxed individually meaning very few tax benefits.

From 6th April 2017, the personal allowance will go up to £11,500.