Latest blogs for Services

It is fairly well publicised now that as part of the Government’s financial support package for businesses during this Coronavirus outbreak, these businesses can, if they wish, defer their next VAT payment(s) (those due between 20 March and 30 June 2020). Interest and penalties will not be charged on such a deferral. What was not…

  Whilst the Government have announced a business finance support package, it is unlikely to be accessible for several days (the loans via the banks) or weeks (the grants via HMRC/Local Authorities). Not all businesses will meet the criteria for them anyway.  There is more to come from the Government, but in the meantime business…

The new Chancellor, Rishi Sunak, has announced this afternoon (26th March 2020) much needed support for the self-employed. This will be known as the Coronavirus Self-Employment Income Support Scheme.   As in any support, there are conditions and the detail will need to be scrutinised.   To be eligible for the scheme there are various…

Please find below the latest payroll information regarding the current COVID-19 situation:   COVID-19 Payroll Newsletter

As the Covid-19 outbreak begins to tangibly affect personal finances, there may be some good news, as a short HMRC form could potentially result in you receiving a £1,150 cheque.   The Marriage Allowance was introduced in 2015, but recent figures reveal that only a small percentage of eligible couples have claimed. With only weeks…

Many questions have been raised about how the scheme will operate. Based on the information published so far, here is ICAEW’s understanding of how the policy will work. https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/coronavirus-job-retention-scheme-furlough-guidance

In the recent Budget, and subsequent announcements, the Government have introduced numerous measures to help small businesses cope with the financial impact of the COVID-19 pandemic. Once you have decided how to follow Government advice with regard to your own business continuity, best advice must then be to more actively manage your finances, by preparing…

All companies must file their accounts with Companies House every year, and there is an automatic penalty applied if they are filed late.   Companies House have today released guidance regarding coronavirus. If you are unable to file your company accounts due to the virus, you must make an application to extend the filing deadline…

As Chancellor Rishi Sunak sits down after presenting his first Budget to the Commons, the headlines will all relate to tackling Coronavirus and increased spending on our public services. Reading the small print, however, which is released by HMRC straight after the Budget, announcements that will be of interest to clients running technology companies include:…

What does today mean for small businesses, some of the highlights: National insurance threshold increased to £9,516 Corporation tax stays at 19% Increase in the recently introduced Structural Buildings allowance to 3% per year Increase in the employer’s national insurance allowance from £3k to £4k per year (although the criteria to claim this, changes from…