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New Offices

Over the last couple of years as a firm we have expanded as a business and seen our client base grow and we are now in the position where we have basically outgrown our current premises and office. As a result, we have taken the decision to move to some...

Rent-a-room relief

The rent-a-room scheme allows those with a spare room in their home to let it out furnished and to receive rental income of £7,500 tax-free each year without the need to declare it to HMRC. Where more than one person receives the income, each can receive £3,750 tax-free. The...

Tax implications of making loans to directors

Where a family company has cash in the bank but profits have been adversely affected by the pandemic, directors of a family company may wish to take a short term loan to enable them to meet personal bills, with a view to clearing the loan with a dividend payment...

More time to pay back deferred VAT and tax

At the start of the pandemic, VAT registered businesses were given the option of deferring payment of any VAT that fell due in the period from 20 March 2020 to 30 June 2020. Self-assessment taxpayers were also given the option of delaying their second payment on account for 2019/20,...

SEISS extended again

The Self Employment Income Support Scheme (SEISS) was launched to provide help for self-employed people whose businesses were adversely affected by Coronavirus. The second payment under the scheme, which was payable from mid-August, was due to be the final payment under the scheme. However, as cases continue to rise and...

Latest measures to support jobs

Following the Prime Minister’s announcement that England would enter a national lockdown from 5 November 2020 to 2 December 2020, the Coronavirus Job Retention Scheme, which was due to come to an end on 31 October 2020, has been extended for a month and will continue to be available...

North East Lincolnshire Local Restrictions Support Grants (LRSG)

The Government has offered additional support for hospitality businesses who have suffered the most through the Covid-19 pandemic and are now subjected to local or national lockdown restrictions. This is in addition to increased support through the Job Retention Scheme (JRS) and Self-Employed Income Support Scheme (SEISS). If you are...

Customs Grants Available

Preparing for 2021 changes: Customs grants available In June 2020, the Government announced that it was making funding available to customs intermediaries and businesses to help increase their capacity to make customs declarations. Broadly, businesses need to prepare ahead of new procedures coming into play in 2021 following the...

New Client Resource Brexit Section

Following on from the launch of our new Client Resource Centre last month, and as promised, we are now pleased to release a new Brexit section which covers all the latest news and information concerning the new arrangements which will exist after the 1st January 2021. You can find the...

Kickstart Scheme

In the July Economic Statement, as part of his Plan for Jobs, Chancellor Rishi Sunak announced that a new Kickstart Scheme would shortly be launched with the aim of creating hundreds of quality jobs for young people aged between 16 and 24 years old. The details of the scheme...

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