Blog

05 Feb 2021

Reverse VAT Charge for Construction Services

In an effort to clamp-down on VAT fraud, the government has introduced a reverse VAT charge for building and construction services. This comes into effect on 1st March 2021.

05 Feb 2021

Self-Assessment Tax Return Penalties

If you need to send a tax return, you will get a penalty if you miss the deadline for submissions or paying the bill. The late filing penalty is £100 for tax returns that are up to 3 months late. If the payment is later than 3 months, this penalty will increase and you will be charged interest on late payments.

14 Jan 2021

Trading Changes Following Brexit

On 31st January 2021, the United Kingdom officially left the EU and the 11-month transitional period ended on 1st January 2021.

06 Jan 2021

New Lockdown Grants for Businesses

Chancellor Rishi Sunak has announced that £4.6 billion will be spent on grants to support businesses that have been affected by the lockdown to protect both businesses and jobs.

18 Dec 2020

Preparing for Brexit

Brexit is drawing closer and from 1st January 2021 this will mean new rules for both businesses and individuals. It is important to make sure you are ready for these changes.

18 Dec 2020

Furlough Scheme Extended until April

Chancellor Rishi Sunak has announced that the loan and Furlough Schemes will be extended until the end of April. This has been announced in an effort to help businesses plan for the coming months.

10 Nov 2020

Self-Assessment Tax Returns due 31st January 2021

For those of you who still need to complete their self-assessment tax return, please do not hold onto your records until lockdown re-opens.

22 Oct 2020

Repayment of Government Support Schemes

The year 2020 will forever be known for Coronavirus and the chaos it wrought on our towns, cities and communities. In a plight to help soften the financial impact of the global pandemic, the UK government introduced several schemes, amongst which was the tax deferral and time to pay schemes.

18 Sep 2020

GUEST BLOG - Dividend vs Salary - Has the Balance Shifted

The Coronavirus Job Retention Scheme (CJRS) provided a much-needed financial cushion for vast swathes of furloughed employees and helped numerous businesses over the past few months.

08 Sep 2020

GUEST BLOG - What's next for Retail?

According to the headlines, shoppers flooded back to the high streets of England when non-essential stores reopened on 15 June. In that week, queues stretched around the block for the most popular stores, and footfall was up 45% on the previous week. Is this good news for retail? Not entirely. When compared to the same week in 2019, footfall was down 54%.

12 Aug 2020

New 30 Day Reporting on UK Residential Property

New rules have been put in place for reporting and making payment of Capital Gains Tax for all UK residential property disposals completing since 6th April 2020. This new rule states that the reporting and payment for CGT must be made within 30 days.

05 Jun 2020

How has COVID-19 affected your business?

It may sound like an obvious question, especially if you are in the retail of hospitality sector, however it is important to document the impact of Covid-19 on your business.

15 May 2020

Are you having trouble paying your Tax?

We know that many people out there are struggling to pay their tax due to financial issues that have been caused by disruptions to business due to Coronavirus.

11 May 2020

Bounce Back Loan Scheme

VITAL CASH INJECTION FOR SMALL AND MEDIUM BUSINESSES

02 Apr 2020

Budget changes due to Coronavirus

With the rapid development of the COVID-19 outbreak across the world, the budget on 11 March has kept a lower profile than would normally be the case, and many of the announcements that were made have now been superseded.

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