HMRC’s new points-based penalty regime for late submission and payment will start from 1 April 2022. The changes will apply in the first instance to the submission of VAT returns for VAT return periods beginning on or after 1 April 2022. The … Continue reading HMRC Are Launching A New Penalty Regime
Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material required to convert into saleable goods.A service, for example, sub-contract labour or A right, the rates … Continue reading When Does A Cost Become An Investment?
The guidance for people who were receiving benefits before the coronavirus (COVID-19) outbreak has been updated with the latest rates effective from 12 April. Universal Credit You will continue to get Universal Credit as normal during the … Continue reading Coronavirus And Guidance On Benefits
The Recovery Loan Scheme supports access to finance for UK businesses as they grow and recover from the disruption of the COVID-19 pandemic. Up to £10 million is available per business. The actual amount offered, and the terms are at the … Continue reading Coronavirus Support- Recovery Loan Scheme update
This guidance has been updated with information about the fourth SEISS grant. The online service to claim the fourth grant will be available from late April 2021. If you are eligible based on your tax returns, HMRC will contact you in mid-April to … Continue reading Self-Employment Income Support Scheme (SEISS) Update
The government has published the latest details on the CJRS and here is a summary of recent changes. Calculations Guidance on calculating how much you have to pay your furloughed employees for hours on furlough and how much you can claim back, … Continue reading Updates To The Furlough Scheme
Conscious leadership is bringing your whole self, with total awareness, to your role as a business leader. Conscious leadership requires authenticity - to be a conscious leader you must be who you really are. Conscious leaders focus on the “we” … Continue reading Conscious Leadership
In the current environment, managing the customers that you already have is key. In order to develop valuable, long-term relationships with your customers you need to move the interaction from being purely transactional in nature to something … Continue reading Customer Relationship Management
The benefits of a more diverse and inclusive organisation are clear, but how do you actually go about implementing a diversity and inclusion strategy? Businesses are more focused on diversity and inclusion (D&I) than ever before. A McKinsey … Continue reading Diversity & Inclusion – Best Practice
Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on 31 January during the tax year and 31 July following the tax year. These payments on account are … Continue reading Self-Assessment: Claims To Reduce Your Payment On Account
There are special rules to follow if you have submitted a Self-Assessment return and subsequently realise you need to change it. This can happen if for example you made a mistake like entering a number incorrectly or missing information … Continue reading Do You Need To Amend Your Self-Assessment Tax Return?
Temporary changes to the rules for reimbursing employees for the purchase of office equipment whilst working from home due to the COVID-19 pandemic were introduced in March 2020. The temporary measure means that employer reimbursements for the … Continue reading Reimbursing Employees For Home Office Equipment Expenses