fbpx

Spending Review 2021/22

The Chancellor, Rishi Sunak delivered the government's spending plans for the coming year to Parliament on 25 November 2020. The ...
Read More
/ General

Deciding length of CJRS claim period

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme was due to come to an end on ...
Read More
/ Payroll

Proposed changes to CIS abuse rules

The Construction Industry Scheme (CIS) is a set of special rules for tax and National Insurance for those working in ...
Read More
/ Construction Industry Scheme

MTD for Corporation Tax consultation

HMRC has issued a new consultation to examine how the principles established for Making Tax Digital (MTD) could be implemented ...
Read More
/ Corporation Tax

Register for Northern Ireland Trader Support Service

The Northern Ireland Trader Support Service was launched on 28 September 2020 to support businesses moving goods under the Northern ...
Read More
/ Business Support

Beware tax deadline scammers

Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January deadline for submission of Self-Assessment ...
Read More
/ General

Reasonable excuses for making a late furlough claim

HMRC’s guidance on making claims through the Coronavirus Job Retention Scheme was updated on 19 November 2020. The updated guidance ...
Read More
/ Business Support

Tax Diary December 2020/January 2021

1 December 2020 - Due date for Corporation Tax payable for the year ended 28 February 2020. 19 December 2020 ...
Read More
/ Tax Diary

Trading with businesses in Northern Ireland?

More than 7,000 businesses have now signed up to the new Trader Support Service (TSS), which will support traders moving ...
Read More
/ Business Support

Why compound interest is important

Many of us are building a pension fund, a portfolio of shares or deposits with our bank or building society ...
Read More
/ Business Support

Scottish Budget 2021

Scotland’s Finance Secretary, Kate Forbes, has announced that the Scottish Government’s Budget will be published for 2021-22 on 28 January ...
Read More
/ General

HM Treasury instructions re CJRS

An updated Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the extended Coronavirus Job Retention ...
Read More
/ Business Support

Businesses within the scope of VAT in the UK

The VAT system is policed by HMRC who can and do levy penalties for breaches of the legislation. There are ...
Read More
/ Value Added Tax

Benefit conditions – Trivial benefits

The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet ...
Read More
/ Payroll

Benefit conditions – annual parties and events

Now is usually the time that businesses are planning Christmas parties for staff as well as possibly for partners/spouses, clients ...
Read More
/ Corporation Tax

£1 million Annual Investment Allowance extended

In a welcome move, the government has announced that the temporary Annual Investment Allowance (AIA) cap will be extended for ...
Read More
/ Capital allowances

Bounce Back loans still available

The Bounce Back Loans scheme was launched in May 2020 to provide financial support to businesses across the UK that ...
Read More
/ Business Support

Claiming the Self-Employed Income Support for first time?

The Government has confirmed that the Self-Employed Income Support Scheme (SEISS) grant extension will apply for 6 months from 1 ...
Read More
/ Business Support

Email to replace Companies House postal reminders

Companies House has issued a press release to remind all companies to sign up for email reminders for annual accounts ...
Read More
/ Company Secretarial

Those who shout loudest

Many of the business disruption grants that have become available in the last few weeks are being distributed by local ...
Read More
/ Business Support

Do you need a customs agent?

If your business acquires goods or sells goods to the EU, and you have no import/export trade with non-EU countries ...
Read More
/ Business Support

Company trading losses

Corporation Tax relief may be available where a company or organisation makes a trading loss. The loss may be used ...
Read More
/ Corporation Tax

VAT – transfer of business as going concern

The transfer of a business as a going concern (TOGC) rules concern the VAT liability on the sale of a ...
Read More
/ Value Added Tax

Business Asset Disposal Relief

Business Asset Disposal Relief used to be known as Entrepreneurs’ Relief before 6 April 2020. The relief was renamed in ...
Read More
/ Capital Gains Tax

Holiday entitlements if furloughed

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme is open to all UK employers and will ...
Read More
/ Employee Benefits

Further support for mortgage borrowers

The Financial Conduct Authority (FCA) has announced new proposals to ensure that lenders provide tailored support to mortgage borrowers who ...
Read More
/ General

Protection for landlords and tenants

The government guidance for landlords and tenants as a result of the coronavirus pandemic has been updated. The Coronavirus Act ...
Read More
/ General

Coding out debts deadline

The coding threshold entitles tax payers to have tax underpayments collected via a tax code, provided they are in employment ...
Read More
/ Income Tax

New Furlough Scheme guidance published

The detailed Furlough Scheme rules were updated 10 November 2020. To use the extended scheme – to 31 March 2021 ...
Read More
/ Business Support

Getting the most out of digital data

One of the great benefits of data stored in an electronic format is that it can be sorted in an ...
Read More
/ Business Support

Get in touch

Whether you require a tax return, payroll or a fully supportive accounting service, we are here to help you thrive and get on with business.

Instant quote
Xero on mobile