Businesses across London, the South East and beyond should evaluate and reassess their future investment plans in light of the tax-saving opportunities offered by the new super-deduction, according to Davis Grant. This new capital allowance scheme, announced in the Budget, is a new form of Corporation Tax relief that could help companies to reduce their […]
Davis Grant welcomes the Budget’s support for COVID-19 economic recovery, but highlights future tax rises
Businesses in and around London will welcome an additional £65 billion of spending through new loans, grants and the extension of several important schemes announced in the Budget, says Davis Grant, but they need to be prepared for a rise in Corporation Tax. So far, the nation has spent more than £280 billion protecting jobs and businesses, […]
Businesses must take advantage of the latest lockdown financial support, says Davis Grant
Accountancy firm Davis Grant is encouraging business in and around London to seek out help during the latest lockdown via the additional £4.6 billion of grant funding that has been made available by the Government. The Chancellor Rishi Sunak has announced an additional package of support for businesses within hours of the nation entering a […]
End of lockdown provides an opportunity for businesses to plan for the future, says Davis Grant
The new tiered system of restrictions for England after 2 December 2020 should give businesses the certainty to plan and recover, according to innovative accountancy firm Davis Grant. As the country begins to emerge from a national lockdown, the firm based in East London is calling on businesses to turn their attention to the future […]
Davis Grant calls on businesses to “read the fine print’ in latest furlough guidance
London-based accountancy firm Davis Grant is encouraging businesses to take care over the latest extension to the Coronavirus Job Retention Scheme (CJRS), as it contains many important changes. The Government has now published its full guidance for the extended furlough scheme, which will remain in place until 31 March 2021, offering to cover 80 per cent of […]
Accountants welcome expansion of furlough and self-employment schemes, but say Government must reconsider loss of Job Retention Bonus
The Chancellor’s decision to expand the furlough and self-employment schemes has been welcomed by London-based accountancy firm Davis Grant but it has said the withdrawal of the £1,000 per employee Job Retention Bonus must be reconsidered. Chancellor, Rishi Sunak, announced in a statement to Parliament that the furlough scheme would be extended to the end […]
UK’s R&D tax system could help innovative businesses in their time of need, says Davis Grant
Each year around 50,000 R&D tax credit claims are made in the UK, which helps businesses to fund innovation and advancements, but accountants Davis Grant believe that many more companies could benefit. At a time when many businesses are struggling to access finance or funding due to the economic downturn caused by the Coronavirus pandemic, […]
Government’s financial support could prove essential in coming months, says Davis Grant
Businesses across London, Essex and beyond need to engage and plan for the future with the Government’s new financial support measures, according to Davis Grant. Faced with tougher restrictions, as announced by the Prime Minister Boris Johnson following news of a potential second wave of Coronavirus infections, businesses feared that they may not have the […]
Davis Grant highlights the importance of payroll during the pandemic
To mark National Payroll Week, we are highlighting the important role that payroll professionals have played during the Coronavirus crisis. Held annually by the Chartered Institute of Payroll Professionals (CIPP), the awareness week, which runs from 7-11 September is intended to highlight and celebrate the positive impact that the payroll industry has in the UK. […]