Unincorporated businesses have heaved a sigh of relief after the Government delayed the date for the implementation of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) by one year to 2024. Hit hard by the pandemic, it will give these businesses, including the self-employed and landlords, an extra 12 months breathing space to prepare […]
Have you ever considered buying a business? Whether you are an experienced entrepreneur or just starting out, acquiring a ‘ready-made’ business offers a number of advantages. For established businesses, buying a second company can help them break into new markets or acquire machinery, skilled workers or innovations that can help their operations grow. Meanwhile, new […]
As the Coronavirus Job Retention Scheme (CJRS), otherwise known as the furlough scheme, ended on 30 September 2021, October marks the last month in which employers will need to handle the related claims.
Speaking at the Conservative Party Conference in Manchester, the Chancellor, Rishi Sunak announced extensions to both the Kickstart Scheme and incentives to employers to take on apprentices. The Kickstart Scheme Government support for the Kickstart Scheme, which helps employers offer work placements to 16-24 year olds on Universal Credit will be extended to March 2022 […]
By Ben Chernoff, Director at Davis Grant
By Neil Driver, Director at Davis Grant Landlords had originally need to prepare for HM Revenue & Customs’ (HMRC) new Making Tax Digital (MTD) for Income Tax regulations in April 2023, but this important change has now been delayed by a year.
As the furlough scheme comes to an end, HM Revenue & Customs (HMRC) is carrying out a rising number of tax investigations, aiming to tackle tax evasions in full force.
The temporary reduced rate of VAT for hospitality has increased to a transitionary rate from today, 01 October 2021. The new rate of 12.5 per cent will remain until 31 March 2022, when it reverts to the standard rate of 20 per cent. The temporary reduced rate of five per cent was introduced on 15 […]
Today, 30 September 2021, is the last day self-employed workers can apply for the fifth and final Self Employment Income Support Scheme (SEISS) grant.