Working from home may be an attractive option for some employees, however in the light of Covid, for some employees this is now the only option albeit temporarily. Here we consider the tax implications of homeworking arrangements. Your status is important The tax rules differ considerably depending on whether you are self-employed, as a sole trader […]
How it works and what employers should do now. HMRC has released further guidance for employers about the job retention bonus scheme, together with a new Treasury Direction (the law governing the scheme). These new publications do not provide a great deal more information than that released earlier in the summer, but any employers considering […]
Second lockdown update 03/11/20: A third round of the SEISS grant has been announced, please see the full details here. The second round of the SEISS grant scheme closes this Monday 19th October 1st round Opened 13th May 2020 and closed 13th July 2020 and was potentially worth £7,500 2nd round opened 17th August 2020 […]
Small and medium sized businesses will have access to grants of between £1,000 – £5,000 to help them access new technology and other equipment in order to continue to deliver business activity or diversify. The grants can also be used to businesses access specialist professional advice such as HR, accountants, legal, financial, IT and digital […]
In July 2020, Rishi Sunak announced the Government’s “plan for jobs,” with yet further Government investment being ploughed into helping the economy in the wake of the Coronavirus pandemic. Amongst the announcements was that of the “Kickstart Scheme,” designed to prevent young people at risk of long term unemployment from meeting that fate. But what […]
We don’t know exactly when the Autumn Budget will be, as the Treasury hasn’t set a date. The earliest it will happen is ‘mid to late November’, as this is when Mr Sunak asked the Office for Budget Responsibility (OBR) to publish an economic forecast – a prerequisite to holding a Budget. But this doesn’t […]
Please note: An article on the Job Retention Bonus has been posted since this article was published – please click here to view this article or see our previous post for full details on original scheme. From 1 August 2020, the level of grant will be reduced each month.To be eligible for the grant employers […]
Further details of how jobs will be protected through the government’s new Job Retention Bonus were unveiled by HMRC on the 31st July. The bonus – announced by Chancellor Rishi Sunak as part of his Plan for Jobs last month – will see businesses receive a one-off payment of £1,000 for every previously furloughed employee […]
Making Tax Digital deadlines, VAT payments deferral scheme and digital links Making Tax digital will be: Extended to vat registered businesses with turnover below the £85,000 Vat threshold from April 2022. Introduced for Income Tax Self-assessment for businesses and landlords with income over £10,000 from April 2023 Covid-19 VAT payments Deferral Scheme As part of […]
This has and will continue to be one of the most extraordinary events to impact on our business and personal lives, things will never be the same again. So much focus has been on handling the situation day by day that it seems as if the days and weeks have run into one – before we […]
With personal tax becoming more complex we offer professional advice. We help make tax simple.
Every business needs a team of professionals providing advice and support. We're here for you.
The last thing you want is time and resources tied up with routine accounting and payroll. We can do that for you.
You want to start a business because you have a great idea and want independence. We're here to help you do just that.
