After temporarily pausing tax investigations as COVID-19 business support measures rolled out earlier this year, HMRC has restarted probes into businesses and individuals’ tax affairs. The Revenue has also started to direct its attention towards the misuse of coronavirus support schemes, such as the furlough scheme and the self-employed income support scheme. As of 29 […]
New Digital Tax Timetable Outlined
As the UK Parliament prepares to go on it’s summer recess the treasury has released numerous policy papers and reviews that set out the agenda for the Autumn Budget and the Finance Bill 2020/21. Making Tax Digital (MTD) The rollout of this digital evolution in the way tax is reported and paid was impacted by […]
Summer Statement – help for specific areas
The Chancellor Rishi Sunak announced further measures in Parliament to support jobs and business sectors severely affected by the COVID outbreak. Grants and reliefs offered included support for: employment, the beleaguered hospitality and tourism industry and included green initiatives as well as a novel scheme to get us to eat out in August. The expected […]
Insider: Tax & Business News Summary
Welcome to our briefing designed to bring you tax tips and news to keep you one step ahead of the taxman. We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year. Reading Time: 5 minutesDownload PDF […]
Free e-Book: 50+ Practical Ways to Grow Your Business
We’ve all had time to do a lot of thinking recently… your business may have been stretched or just emerging into a new and scary business environment. Things will improve, so now is the time to think about your plans and set goals to get your business moving. Read the bright ideas in our free […]
Government loans & R&D Tax Credits
If not properly handled, being the recipient of government backed loans could cause some serious headaches for upcoming Research and Development (R&D) tax credit claims. In direct response to the Coronavirus pandemic the Government rushed out the Coronavirus Business Interruption Loan Scheme (CBILS) and the Bounce Back Loan Scheme (BBLS). Whilst very welcome these schemes […]
C19 Business News Update
The Government has outlined its recovery strategy as high streets reopen this week. Today face masks become compulsory on public transport in England. The Coronavirus job retention scheme rules (CJRS) are changing, and these are outlined below and other Government news. At the end of the newsletter are details of allowable expenses for home working. […]
Tax on redundancy payments
In recent years – due to tax changes – it has become more expensive to make termination payments. With redundancies on the rise due to the coronavirus, is it time you understood how termination payments work in 2020? Beyond the human tragedy of COVID-19 is an economic one. Swathes of the UK economy have been […]
Government support begins to taper off?
The Furlough scheme is changing and the support for the self employed will be extended for the final time. Below we detail all the latest Government support and guidance. FAQ’s on what we can and cannot do have also been updated over the weekend and there are also changes to childcare and free child minding […]