The Coronavirus Job Retention Scheme (CJRS) continues to support many businesses, who are reliant on the financial support it offers to cover the costs of staff on furlough. Extended earlier this year in the Budget, support from the CJRS will slowly be withdrawn in the next three months before closing altogether at the end of […]
Introduced in July 2020, the Stamp Duty Land Tax (SDLT) Holiday has helped hundreds of homeowners and investors to reduce the cost of purchasing a new property. However, the higher SDLT thresholds will change from 1 July increasing the cost of buying or transferring a home. From the beginning of July, the SDLT rules will […]
The Treasury has reassured many distressed business owners by confirming that a moratorium on commercial evictions introduced in April 2020 will now be extended for another year. The ban, introduced more than a year ago, has already been extended twice and was due to expire at the end of June but will now remain in […]
The fifth round of the Government’s Self-Employment Income Support Scheme (SEISS) will launch in late July, HM Revenue & Customs (HMRC) has confirmed. This round of the SEISS will differ from previous rounds as it will be paid at two different rates, which depend on the reduction in turnover a self-employed individual experienced in the […]
Businesses affected by Coronavirus can still access the Recovery Loan Scheme (RLS) launched in April, despite the closure of applications for other Government loan schemes, including the Coronavirus Business Interruption Loan Scheme (CBILS). The RLS opened for application on 6 April 2021, following the closure of several other Government loan schemes on 31 March 2021. […]
At the recent G7 summit in Cornwall, a group of the world’s most developed nations agreed to a new tax deal that would seek to make multinational tech businesses pay more tax.
For almost a year now, the property market has benefitted from an uplift from the Government Stamp Duty Land Tax (SDLT) holiday, but as of 1 July, things are changing, which could increase the cost of buying or selling a home or transferring it into a limited company.
In recent weeks, the demand for new employees has surged as businesses finally get back to business following months of Coronavirus restrictions.
Many individuals who have spent their livelihoods building, running, and maintaining a successful business, often intend to pass on their accomplishments to a family member, close relative or trusted employee.