Blog
How to use Zoom for your Business
With lockdown having been in place for a few weeks now, there has been a huge increase in use of on-screen technology. People who have never even used Facetime or Skype before have either used or at the very least – heard of Zoom. We have put some tips together for you so you can…Read More
Bounce Back Loans
Launching on 4th May 2020 is a new Government backed loan scheme. It is a new rapid loan scheme for small and medium businesses. The Government will provide lenders with a 100% guarantee for the loan. Bounce Back Loan Schemes loans will be limited to 25% of turnover and up to a maximum of £50,000 (minimum of…Read More
VAT Payment Deferral during COVID-19
With the next VAT deadline date of 7 May fast approaching, we wanted to send a reminder of the process for those who wish to utilise the VAT payment deferral announced by the Chancellor in March. There’s no need to apply for a deferral BUT: You are still required to file a return through the normal route, including…Read More
Main Residence Relief from 06/04/20
Main residence relief: Where are we now? Major changes announced to apply from 6 April 2020 for capital gains tax relief for a taxpayer’s principal private residence. Selling a main residence prior to April 2020 meant that any capital gains tax (CGT) due on the sale was declared on the self-assessment tax return. This tax…Read More
Coronavirus Job Retention Scheme
Job Retention Scheme – Details for Employers On 20 March 2020, the Government announced the Coronavirus Job Retention Scheme to provide support for employers to enable them to continue paying part of their employees’ salaries rather than lay them off for the initial period of the crisis. The scheme will run initially for three months and will…Read More
Coronavirus Business Support Guide (updated 07/05/20)
An easy to read document which gives you all the information you need to navigate the Covid-19 crisis.
Information on Insurance, Furloughing and MTD during COVID-19
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
Help for the Self-Employed during COVID-19 crisis
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
Support for Businesses and Individuals – COVID-19
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
Emergency Measures Announced (Covid-19)
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
Guidance for our Clients – Coronavirus (COVID-19)
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
Around 31 million taxpayers are expected to benefit from an increase in take home pay from April 2020
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
Tax Investigatons – are you covered?
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
How to Improve Cash Flow for your Business
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
