Now February is here, you might think that, as accountants, we would be putting our feet up and relaxing after all of your self-assessment tax returns have been completed and filed with HMRC. That’s not the case. In fact, we have some really important work to do in this month… minimising your future tax bills. […]
Read more...
Following the announcement of another nationwide lockdown, the Chancellor, Rishi Sunak, has unveiled £4.6 billion in new lockdown grants, including a one-off grant worth up to £9000 for businesses operating in the retail, hospitality and leisure sectors. This follows the Prime Minister’s announcement that these types of business will be closed until at least February […]
Read more...
We are entering the traditional Christmas party season but this year, like the majority of 2020, is going to be very different. Unless you run a small family business and live with your team members, then the only proper company get-togethers are likely to be online. Since March, we have got used to an online […]
Read more...
While nobody is quite sure what Christmas is going to look like this year, there is one way to guarantee that it will be less stressful and that’s by getting your Self Assessment tax return submitted well ahead of the 31 January deadline. Tax payers can complete their Self Assessment for the previous tax year […]
Read more...
In March, amid the crisis being caused by Covid-19, the Government announced that the IR35 tax reforms were to be pushed back by one year, coming into effect on 6 April 2021. Now, despite the ongoing impact of the pandemic, it seems that the Government is still planning to go ahead with these reforms next […]
Read more...
We recently received an email from a potential client which, we’re happy to say, happens fairly frequently. Like we do with any enquiries, we logged the message straightaway and responded that same morning to say we’d received it and would be getting back to them. In this case, the person wanted a quote for a […]
Read more...
While there is much talk about Making Tax Digital (MTD) and moving the entire process of keeping accounts and submitting a tax return totally online, HMRC is currently still accepting paper tax returns and around six per cent of people submitted their tax returns this way last year. However, something has changed this year. In […]
Read more...
Having recently confirmed that this year’s Autumn Budget was cancelled, Chancellor Rishi Sunak then went on to unveil his Winter Economy Plan, which included an extension to the Self Employment Income Support Scheme, as well as additional government support to businesses and workers impacted by Covid-19. The Chancellor said: “The resurgence of the virus, and […]
Read more...
With Coronavirus at the forefront of the countries thoughts at the moment many would think that large changes to tax reporting in the UK would be pushed further down the queue, however HMRC are still aiming to get their Making Tax Digital (MTD) reporting programme up and running in the not too distant future. The […]
Read more...
Figures released recently revealed that restaurants claimed for more than 64 million discounted meals in the first three weeks of the Eat Out to Help Out scheme. Around 10.5 million meals were claimed in the first week, growing to a total of 35 million meals for the second. Data from OpenTable shows that during Eat […]
Read more...