Insights

The self employment support scheme is being extended, Rishi Sunak has announced, and those who are eligible for the scheme will now…

On 29th May 2020 the Chancellor announced details of how the furlough scheme will operate from 1 July 2020. Further support on…

It is becoming apparent that the COVID-19 crisis will result in many otherwise viable businesses being unable to survive. And businesses that…

If you are a small to medium sized business and have been paying employees Statutory Sick Pay (SSP) due to coronavirus, you…

The current economic situation is difficult for almost every business and many people will have had to accept a temporary reduction in…

Although not an ideal solution, the new Bounce Back Loan Scheme (BBLS) launched by the government offers a valuable source of cash…

Presenting to MPs this morning, Chancellor Rishi Sunak has confirmed that the current Furlough Scheme (a.k.a. Coronavirus Job Retention Scheme) will be…

When completing your applications for the Coronavirus Job Retention Scheme you will be including the cost of the employers’ NICs for furloughed…

This week, HMRC is starting to send out notifications to those who are eligible for the Self-Employment Income Support Scheme. If you…

Updated: 4 May 2020 In response to reports that small businesses are struggling to survive under lockdown, and that 25% of these…

Although the government is allowing many tax payments to be deferred because of Coronavirus, any the tax due on gains made as…

Scams have been widespread online for a long time; from stolen cards being used to buy goods online, ordered goods that never…

True to HMRC’s word, the Coronavirus furlough scheme portal went live on 20 April 2020 and in the first hour of operation…

The COVID-19 crisis is proving all-consuming for the press and as a result, one of the important changes announced in the 2020…

The next three months will be critical for many business owners and not every business will be able to survive but it…

If you are preparing to apply for a furlough grant and need to work out the amount required, these two free resources…

The government’s Coronavirus Job Retention Scheme (furlough scheme) portal is currently being beta tested and the site is expected to be operational…

Expected live date for all employers is 20 April 2020 with first payments by 30 April 2020  HMRC have announced the launch…

The government has made some changes to the Coronavirus Job Retention Scheme (furlough scheme) and clarified a number of key points. A…

The Coronavirus Job Retention Scheme is designed to support employers whose operations have been severely affected by COVID-19. Principally, it is for…

New emergency insolvency measures have been agreed to help companies unable to meet all their debts due to the impact of coronavirus…

Whilst tax due on 31 July 2020 by self-assessment taxpayers is now deferred for collection until 31 January 2021 due to coronavirus…

The Government has been very supportive to businesses who are affected by COVID-19 and it is likely that HMRC will take a…

HMRC has clarified its guidance on who is eligible to defer tax payments due on 31 July. All taxpayers who are due…

Updated 27 March with details of support package and eligibility criteria Further details are now available about the support package available for…

Due to the disruption caused by COVID-19, businesses can now apply for a 3-month extension on filing their accounts. All companies who…

Tax and NICs payable on salary subsidies The Coronavirus Job Retention Scheme was unveiled by the Government on 20 March offering financial…

On 20 March 2020, the Chancellor announced additional measures to help businesses and the self-employed impacted by COVID-19. This update outlines in…

As the developments caused by coronavirus (COVID-19) continue, we would like to reassure all our clients, partners and business associates of the…

Staying healthy is the #1 concern for us all right now - both personally and professionally. These are really difficult times and…

According to recent research, 69% of UK small and medium-sized businesses (SMEs) have reported significant pressure on their cash flow as a…

We were expecting an announcement-packed Budget yesterday, and we certainly got it. After the government suggested that 80% of people in the…

It is widely anticipated that the government intends to restrict entrepreneurs’ relief (ER) as part of an initiative to reduce the number…

One company tax relief that is not expected to change in the 2020 Budget is R&D tax relief. Since it was started…

Making Tax Digital was intended to simplify tax compliance for businesses, but the results show a very different picture. According to a…

With the self assessment period behind us, it is interesting to reflect that according to figures released by HMRC, millions of people…

One tax that may be the subject of a review in the 2020 Budget is inheritance tax. A cross-party group of MPs…

Expert VAT advice can be extremely valuable and create savings way beyond expectations. In contrast, a misunderstanding can lead to costly bills.…

Despite requests by industry groups to delay, the publicised IR35 reforms will be rolled out to the private sector on 6 April…

When facing their 31 January tax liabilities, many landlords will be wondering about the most tax efficient way to own rental property.…

Buying off plan can be a very attractive option, especially for first time buyers seeking their first home. There are pros and…

In the past five years, UK entrepreneurs have made an estimated £108 billion from either the sale of their businesses, or from…

This tax year, 2019/2020, the inheritance tax (IHT) main residence nil rate band is increased by a further £25,000. This relief now…

There are as many types of accountant as there are varieties of apples and we are a rare breed. Clients tell us…

If you are thinking ahead about how to add more value to your business, one thing that can be overlooked, for smaller…

One of the investor outcomes of Brexit, which is now looking increasingly likely to go ahead, is the impact it will have…

The Solicitors Regulation Authority (SRA) Accounting Rules have been reformed with effect from 25th November 2019, in order to allow solicitors more…

As of 1 November 2019, unincorporated entities – partnerships and sole traders - are legally entitled to join VAT Groups, provided that…

Landlords with rental portfolios can sometimes overlook the opportunity to claim for capital expenditure on their properties. Whilst capital expenses do not…

Many people in the UK are finding our tax system to be overly complicated and the forthcoming election may be a turning…