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
A common misconception we encounter is whether a company is defined as trading or non-trading in the eyes of HMRC. A company is considered by HMRC not to be active when the company has not yet become active or started trading. The company whilst … Continue reading Do You Know Your Trading From Your Non-Trading Companies?
The new super-deduction tax break, which will allow companies to deduct 130% of the cost of any qualifying investment from their taxable profits, is available on most new plant and machinery investments that ordinarily qualify for 18% main rate … Continue reading Companies Can Now Claim “Super-Deduction”
1 April 2021 - Due date for Corporation Tax due for the year ended 30 June 2020. 19 April 2021 - PAYE and NIC deductions due for month ended 5 April 2021. (If you pay your tax electronically the due date is 22 April 2021) 19 April 2021 - Filing … Continue reading Tax Diary March/April
The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants will be available from 1 April 2021, but you can submit applications in advance. Eligible businesses in the non-essential retail, … Continue reading Coronavirus Restart Scheme