Many of you will have spent the last few months sorting out your invoices ready for your self-assessment submission. If you don't use a bookkeeper and prefer to manage all your paperwork yourself.
We wanted to share a brief update on the VAT Domestic Reverse Charge process for construction and building services. This change was announced last year but then delayed until October 2020.
The off-payroll (IR35) rules are now confirmed, and the changes will be coming into place in April 2020. These are a few things you need to take into account if you are affected by these changes.
If you have company cars for yourself or your staff, then it may be worth considering moving over to electric vehicles in the future. In the draft Finance Bill 2017, the government announced its commitment to reduce carbon emissions by encouraging companies to use electric cars where possible.
Over the past few weeks, there has been a lot of guidance issued by the government. This is to help individuals, businesses and landlords that have been affected by the Coronavirus Outbreak.
On 20 March 2020, the Chancellor Rishi Sunak first announced the Coronavirus Job Retention Scheme. This is being set up to help businesses cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19).
There is currently a lot of support being offered to businesses to help them during the Coronavirus Pandemic. Companies with employees can furlough their staff and receive 80% funding towards their salaries. Self-employed businesses are also able to apply for the self-employment income support scheme.
On 26 May 2020, the Coronavirus Statutory Sick Pay Rebate Scheme portal will open so employers can make a claim. This blog explains how you can find out if you are eligible and how you make a claim.
As lockdown eases, you may be returning to work at your shop, office, restaurant or studio. If you have employees, then your first priority will be ensuring that they can return to work safely and that you can start to interact with customers in a safe environment.
Chancellor Rishi Sunak announced a mini-budget on 8 July 2020. This summer statement aimed to outline how the government plans to help businesses to recover following the COVID-19 pandemic. Part of the plan includes helping people to stay in employment and also to create new jobs.
The government has announced that the Coronavirus pandemic has severely impacted the hospitality and tourism sectors. Therefore, a range of measures was announced by Rishi Sunak on 8 July 2020 which relate to protecting jobs in the sector and also help economic recovery by encouraging people to go out to eat and visit attractions.
As part of the summer statement, Chancellor Rishi Sunak spoke about his plans to create and protect jobs. The 'Plan for Jobs' is a phased plan to help with the economic recovery of the UK.
Over the coming months, all businesses will need to keep an eye on cash flow as they recover from the Coronavirus pandemic. They say, 'Cash is King', and this is more important now as we move forward over the next 12-18 months.
In our last blog – Tips on managing cash flow – we explained the importance of keeping track of cash flow over the coming months. For many businesses, the most common problem is late payments from customers.
Since the start of the Coronavirus pandemic, the Government has offered support to businesses through several different routes these being, grants, business rate reliefs and also loans with the help of banks.
It's been a while since we have written an update about Making Tax Digital, however, there has been some recent news which we wanted to share with you.
From first January 2021, there will be new trade arrangements with the EU. Businesses that are registered in Great Britain and trade with the EU and internationally will need to take action so that they are ready for this change.
We wanted to give an update on the Job Support Scheme (JSS) which will start on 1st November 2020. Employers need to understand the eligibility criteria, conditions and timescales for making claims.
In July 2020 Chancellor Rishi Sunak announced a £2bn Kickstart scheme to create more jobs for young people. This is part of an emergency package to prevent mass unemployment as coronavirus hits the UK economy.
There will be new rules in place for businesses that import and export goods from the EU. Companies based in England, Wales and Scotland will need to complete the following actions shown in the diagrams below so they must be prepared.
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