My area of expertise revolves around the tax implications and procedures for people setting up new businesses. For this reason I’ve just steeled myself to watch most of Castle’s live on this topic with the accountant who can hardly get a word in edgeways.
Sorry folks, but I couldn’t make it to the end, I tried my best, it’s excruciating.
The whole thing is confusing and misleading. Castle pushing the narrative that you can set off your weekly food shop against tax because you’ve bought a toilet roll for a client to use in your home for instance. She repeatedly pushes an example of someone on £2k/month being able to have self employment income of £1k free of tax, and claim £312 wfh. That £1k is Trading Income Allowance and is per annum, not monthly. The £312 is also an annual allowance, but it is a claim in terms of tax, so £312 at your highest rate (likely 20%), just £62.40.
So much is not mentioned, and it would have been easy enough to simply put together the basics on a sheet of A4. But then that would be useful information and maybe give a few bots food for thought. The last thing Castle wants is her bots thinking.
No one would be any the wiser after this live than before it, it was utterly useless.
That accountant, if that’s what she is, should be bloody ashamed of herself. Castle of course is beyond shame. A dangerous nasty piece of work.