Are you ready for 1 January 2021?
November 25, 2020

When we awake to the new year we will no longer be in transition; we will be out of the EU and will have to cope with a wide range of regulatory changes if we buy or sell goods or services to EU suppliers and customers.

The Department...

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Furlough claims from 1 November 2020
November 24, 2020

If you are making claims under the extended furlough scheme from 1 November 2020 you need to be aware of changes in the claims process.

Perhaps the most significant is that claims need to be registered within 14 days of the relevant...

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Are you eligible for further self-employed grants?
November 19, 2020

Two quarterly grants have been paid to UK self-employed traders that qualify for the Self- Employed Income Support Scheme (SEISS). These covered the periods up to 31 October 2020.

The Chancellor has announced that two further quarterly...

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Current businesses subject to lock-down
November 17, 2020

We have reproduced below a list of businesses which must close during the period 5 November to 2 December 2020.

Business based in England and required to close

To reduce social contact, the regulations require...

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Are you eligible for Universal Credit?
November 12, 2020

What to do if you are placed in a financial position where you do not have sufficient income to meet your monthly outgoings and you are unable to find work to plug the gap.

The main government assistance for those who find themselves in...

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Government financial support extended
November 9, 2020

Government financial support for UK businesses affected by the COVID pandemic have been extended in the past week. Thankfully, relief for employees of affected companies and the self-employed have been announced in tandem. A short summary of...

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Get ready for end of EU transition period
November 5, 2020

Government have recently promoted their online webinars that aim to support businesses who will be affected by the end of the EU exit transition period, 31 December 2020.

Here’s what the Department for Business, Energy and...

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Are you making the most of your accounts data?
November 4, 2020

Many of us have taken the step from manual to digital accounting systems. But are you making the most of features provided?

Without a doubt, accounts software offers a wealth of reports many of which will likely be of limited use to...

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Tax Diary November/December 2020
November 2, 2020

1 November 2020 - Due date for Corporation Tax due for the year ended 31 January 2020.

19 November 2020 - PAYE and NIC deductions due for month ended 5 November 2020. (If you pay your tax electronically the due date is 22 November...

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Make hay while higher rate relief is available
November 2, 2020

For many years Chancellors have threatened to reduce the Income Tax relief that can be claimed for payments into a private pension scheme.

There have been reductions in the amount of contributions that can be made and the size of the...

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