April 9, 2020
The 6th April marks the beginning of a new tax, and for the coming year, unprecedented challenges. As with most things in life, problems are a necessary precursor to finding solutions. We have listed below a few reminders of the issues...
Read More...April 7, 2020
The British Business Bank has updated its guidance on how to apply for the recently changed Coronavirus Business Interruption Loan Scheme (CBILS). A summary follows;
Who can you apply to?
Most...
Read More...April 3, 2020
When first announced as a news story, published by government 26 March 2020, information regarding the support scheme for the self-employed included a telling paragraph. It said:
Those who pay themselves a salary...
Read More...March 31, 2020
1 April 2020 - Due date for Corporation Tax due for the year ended 30 June 2019.
19 April 2020 - PAYE and NIC deductions due for month ended 5 April 2020. (If you pay your tax electronically the due date is 22 April 2020).
19...
Read More...March 31, 2020
Prior to 11 March 2020, business owners could sell multiple, qualifying businesses during their lifetime, and as long as the total chargeable gains did not exceed £10m, a reduced rate of Capital Gains Tax of just 10% would...
Read More...March 31, 2020
It is unlikely that our businesses will be unaffected by the inevitable slow-down in economic activity as the Coronavirus outbreak starts to bite.
Maintaining a strict control over your personal and business cash-flow is going to be a...
Read More...March 31, 2020
In England
The government will increase the Business Rates retail discount to 100% for one year, expand it to the leisure and hospitality sectors and increase the rates discount for qualifying pubs to £5,000....
Read More...March 31, 2020
Employers have been rightly worried about the cost of funding SSP for employees that are self-isolating or suffering from the COVID-19 virus. Especially as SSP is now due on day one of absences.
The Chancellor has now confirmed that he...
Read More...March 27, 2020
The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from...
Read More...March 26, 2020
Further support to businesses and the self-employed, to delay the payment of various taxes was announced last week. They include:
VAT
Any VAT that falls due for payment in the period from 20...
Read More...Latest News
- Tax planning options for 2020-21 - April 9, 2020
- How to apply for a Business Interruption Loan - April 7, 2020
- Dividends excluded from job support scheme calculations - April 3, 2020
- Tax Diary April/May 2020 - March 31, 2020
- Changes to Entrepreneurs Relief - March 31, 2020
- Protecting cash flow – tax payments - March 31, 2020
- Business rates changes - March 31, 2020
- Statutory Sick Pay (SSP) - March 31, 2020
