As part of our regular and on-going support, we have some more important and useful information for you in the following areas: – Business Insurance Policy – action required!– Furloughing Staff – are you following necessary procedures?– Making Tax Digital – the HMRC soft-landing finishes Wednesday 1st April 2020 Expanding on these headlines, some of…Read More
Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-Employment Income Support Scheme (CSEISS) If you are self-employed and have suffered a loss in income, a taxable grant will be paid to the self-employed or partnerships, worth 80% of their profits up to a cap of…Read More
As we promised, we are continuing to do our best to keep you updated with important announcements that have made by the Government that we believe will affect you or your business. We’ve spent the last few days taking many calls from clients and we are doing our best to ensure we speak to every…Read More
We are doing our best to keep you updated with important announcements that have made by the Government that we believe will effect you or your business. At a press conference on Tuesday 17 March, the following additional measures were announced. 1) Any business that needs access to cash to pay their rent, salaries,…Read More
In these uncertain times we wanted to reach out to all our clients to let you know we are here to offer support and guidance over the next few months. Health and wellbeing are the most important things right now and so we have made the decision that our people will move in phases to…Read More
2020/21 NIC RATES AND THRESHOLDS CONFIRMED Around 31 million taxpayers are expected to benefit from an increase in take home pay from April 2020 when the National Insurance Contributions (NIC) threshold rises from £8,632 to £9,500 per year. A typical employee will save around £104 in 2020/21, while self-employed people, who pay a lower rate, will…Read More
HMRC raises £16 for every £1 it spends on staff carrying out investigations into the tax affairs of individuals and small businesses, according to law firm Pinsent Masons. Figures show that HMRC collected £4.9bn in extra tax from investigations into individuals and small businesses in 2018-2019 but only had to spend £309m on staff to…Read More
In any business, cash flow is king. Yet in many businesses, cash flow is the area that many businesses struggle with. Even if a customer has had goods or services from you, they are reluctant to part with their money and therefore it can take them some time to pay their invoices. Huge companies may…Read More
When is a Van not a Van? HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola. The court…Read More
Did you know you can treat yourself and your employees tax free? ❓ Are you a Director of a close company? ❓Do you like to reward your employees to celebrate birthdays or other special occasions? Did you know you could do this tax free without you or your employees having to pay income tax or national…Read More
At CCL, we are preparing for Making Tax Digital. We’ve prepared a list of Frequently Asked Questions to give you a better understanding of it. What is “Making Tax Digital”? Making Tax Digital (MTD) is a government initiative to modernise HMRC’s tax system, with the aim of making the whole process of administrating tax simpler…Read More
Gone are the days of waiting until your annual visit to the accountant to see what your net profit is at the end of the year and the amount of tax you have to pay. At Camfield Chapman Lowe, we have worked with industry experts to offer cloud accounting solutions that can make running your…Read More
Over the last few months, we’ve been working on refreshing our image, to make it clearer and more modern. We hope you like the result. You’ll be seeing our new image whenever you hear from us, and we hope that it becomes as familiar to you as the old logo: Closely linked to the development…Read More
For many, keeping company books and records up to date is a real chore, but it doesn’t have to be! As accountants, we see hundreds of business accounts every year, each one with different approaches to bookkeeping. Below, we’ve outlined the four most common mistakes we see from day to day. The occasional slip-up is…Read More
Our clients are important, and we’re always looking for new and relevant ways to engage with them. Today, we’ve launched our refreshed website, with the aim of it acting as a hub for our clients to engage with all of our services. You may also have noticed, we have rebranded the firm after fifteen years…Read More
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As a valued member of our community, we appreciate the trust you place in us to make sure all your critical services continue.
We are committed to an evidence-led and common-sense approach to containing the coronavirus outbreak and mitigating its impact on employees, customers and our wider business operations.
Please be assured we are preparing for our services to continue as normal. We have business continuity plans in place to minimise the risk of infection and make sure we can continue to deliver a business-as-usual service to our customers should an infection occur at an office. These include implementing clear guidelines for employees, providing support and advice for anyone who needs to self-quarantine, and issuing guidance on following safe hygiene practices across the organisation.
You can find further information on Covid-19 below to keep you updated:
