The Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) (Closure) Regulations and the Statutory Sick Pay (Coronavirus) (Funding of Employers’ Liabilities) (Northern Ireland) (Closure) Regulations 2021 have been laid before Parliament … Continue reading Covid SSP Rebate Scheme Is Closing
Redundancy is when you dismiss an employee because you no longer need anyone to do their job. This might be because your business is: changing what it does,doing things in a different way, for example using new machinery, orchanging location or … Continue reading Will the end of furlough mean redundancies in your business?
We have previously mentioned that draft legislation has been published to change the basis periods for the assessment of self-employed profits to coincide with the tax year. The proposed new rules provide that from 2023/24 onwards profits or losses … Continue reading Self-Employed To Suffer BIG Tax Bills in 2022/2023
Does your business have savings that would cover at least three months' overheads for your business? This is a prudent, but thanks to COVID, completely unrealistic goal for many businesses who exhausted any such cash reserves months ago as COVID … Continue reading The Need For A Contingency Fund
The VAT annual accounting scheme is open to most businesses with a turnover of up to £1,350,000 per year. The main benefits of the scheme include the requirement to file only one VAT return per year. This can significantly reduce the amount of … Continue reading What Is The VAT Annual Accounting Scheme?
This month, our case study comes from Emma-Louise who has helped a client who incorporated their own Company. It may seem simple to incorporate yourself, but a little error can cause you a rather large headache and be costly, if it is not picked … Continue reading Case Study – When ‘Off The Shelf’ Incorporations Go Wrong
This month we are focusing on: Different Trading Vehicles to Consider for your business And this week are looking at: What are the different trading vehicles available? There is:- Dormant Company Limited Company Limited Liability Partnership Sole … Continue reading Terrific Tuesday Tax Tip – What are the different trading vehicles available?
On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention Scheme (CJRS). There are a number of important changes to the way … Continue reading Coronavirus Job Retention Scheme Updates
The government has announced that a new code of practice is to be published for High Street businesses and their landlords to help provide clarity and reassurance over rent payments. A new working group has been setup with leading businesses and … Continue reading Government Reveal Code Of Practice For High Street Landlords
The coronavirus Statutory Sick Pay Rebate Scheme will launch online on 26 May. The scheme will enable employers with less than 250 employees to claim coronavirus-related Statutory Sick Pay (SSP). Employers are eligible to use the scheme … Continue reading SSP Rebate Scheme Launching
Find out which employees you can put on furlough and claim for through the Coronavirus Job Retention Scheme This is a summary of information on the Government website. Employees you can claim for You can only claim for furloughed employees … Continue reading Updated Guidance To The Employees You Can Furlough
The Government has announced a new 100% Government backed loan scheme for small businesses. Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor … Continue reading Bounce Back Loans – Update