Information is always key and having the right information is what we are all about. You’ll find below a selection of the latest business and tax information that you should be aware of as well as helpful advice to get you started. Please contact us if you have any questions.
From 6 April 2025, some important changes to Class 1 National Insurance Contributions (NICs) and the Employment Allowance will come into effect. These updates will affect employers across the UK, so it’s vital to understand what’s changing and how it might impact your business. Let’s break it down in plain English. What’s Changing? 1. Lower
Last updated : 9th July 2020. From 1 July 2020, CJRS v1 has been replaced with CJRS v2. It is now possible for previously furloughed employees to work part-time and be furloughed for their non-work time. CORONAVIRUS JOB RETENTION SCHEME – KEY DATES Between 1 March and 31 July 2020, employers will be reimbursed 80%
Last updated :15th April 2020. The government has extended the start date for eligibility for furlough to 19 March from original 28 February meaning 200,000 more people can benefit. Thousands more employees will able to receive support through the Coronavirus Job Retention Scheme (CJRS) as a result. The government also confirmed that the scheme is
Last updated : 27th March 2020. On 26 March 2020, the Chancellor, Rishi Sunak announced measures to support self-employed individuals and members of partnerships whose income has been negatively impacted by COVID-19. The key points Self-Employed Income Support Scheme The government to set up a new Self-Employed Income Support Scheme to support self-employed individuals and members of
Last updated : 25th March 2020. The rapid spread of the COVID-19 has had unprecedented challenges for our restaurant and hospitality clients. We are closely monitoring all the unfolding developments and gather further details on loans, grants and subsidies to help you navigate your way through these circumstances Key COVID-19 measures for Cafes, Restaurants, Bars
Last updated : 24th March 2020. The Government has announced its plans for financial assistance to help employers retain employees for an extended period of time, although offering no work, and avoid lay-offs. It is called the Job Retention Scheme and, while little information has been published as to how it will work, we have
Last updated : 18th March 2020. On 11th March 2020, the UK Government introduced a range of measures, some of which have been superseded on 17th March 2020, to support businesses in response to COVID-19. All businesses in financial difficulty, and with outstanding tax liabilities, may be eligible to receive support with their VAT through HMRC’s
Last updated : 20th March 2020. On 17th March 2020, the Chancellor Rishi Sunak announced further measures to support the economy. He said COVID-19 is “a public health emergency but also an economic emergency”, “will do whatever it takes” and “will go much further in the coming days”. A key measure included the launch of
Last updated : 16th March 2020. Dear Clients; Following the recent developments surrounding COVID-19 (Coronavirus), our top priority remains the health and well-being of our colleagues, whilst ensuring that we are available to continue to deliver a high quality service to all our clients. We have long been a supporter of agile working and have
WE CAN HELP YOU WITH YOUR NEW JOURNEY FROM SETTING UP A BUSINESS ,CHOICE OF BUSINESS VEHICLE TO TRADE, TAX AND RELATED ISSUES The decision should be made in the early days of the business and it should be reviewed as and when circumstances change. This includes changes in the trade (eg expansion); changes in
Correctly recording transactions in your business records is always important but especially so for expenditure on buildings and equipment. How can accurate bookkeeping save you tax? BOOKKEEPING TROUBLE SPOT Even a small business records thousands of financial transactions every year. Most will be straightforward so that even a novice bookkeeper won’t have trouble allocating them
This summer will be your first stab at the Airbnb market. You’ve read a lot about the various alternatives for tax deductions and allowances you can claim, but which are open to you and which can save you the most tax? LETTING INCOME ISN’T ALL THE SAME Airbnb style property letting has become popular in
A MAJOR CHANGE TO THE WAY VAT APPLIES TO THE CONSTRUCTION INDUSTRY IS JUST THREE MONTHS AWAY. WILL YOU BE AFFECTED AND HOW SHOULD YOU PREPARE FOR IT? REVERSE CHARGE From 1st March 2021 a reverse charge for VAT will apply to building and construction services. It will affect you if your business makes or
Selling a business is often the culmination of years of hard work, and ensuring that you benefit from the most advantageous tax treatment is key. If you’re a UK business owner considering a sale, you may be eligible for Business Asset Disposal Relief (BADR), previously known as Entrepreneurs’ Relief, which offers significant tax savings. In
WE CAN HELP YOU WITH EVERY ASPECT OF TAX FROM CORPORATE TO YOUR PERSONAL AFFAIRS Tax doesn’t have to be taxing and with our dedicated team keeping a close eye on your business and finances we can keep you up to date to ensure you pay just the right amount. Whether it’s taking care of
