The Covid-19 pandemic forced large numbers of employees to work from home for the first time. Having made the transition to home working, post pandemic, many employees have continued to work from home some or all of the time. Due to this the Government have brought in some changes to...
Running your own small business is hard work – you will find yourself trying to develop and grow your business, alongside managing the day-to-day operations acting as the finance, marketing, HR and sales departments – often all in the space of a few hours! To help you manage and keep on...
Three COVID business support initiatives will finish or change at the end of September, these are: The Coronavirus Job Retention Scheme (Furlough) The reduction in VAT rate on tourism and hospitality The Coronavirus Statutory Sick Pay Rebate Scheme Firstly, the Coronavirus Job Retention Scheme will be ending on 30 September 2021....
Hot off the press HM Revenue and Customs (HMRC) announced last week that businesses will have an extra year to prepare for the digitalisation of Income Tax. The government will now introduce Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) a year later than planned, in the tax year...
As a budget-conscious freelancer you may be put off by the cost of hiring a professional accountant. You might see financial management as one of the tasks that fall within your freelance workload. However, you have the opportunity to relieve some of the pressure, saving time and money for investment...
This year’s Spring Budget saw Chancellor Rishi Sunak unveil a promising Restart Grant for eligible businesses affected by the pandemic, which are reopening as lockdown restrictions lift. In this article, we’ll discuss the key details, eligibility, amounts on offer, and method of application, as many business owners consider making an...
Despite successive Governments changing the rules to increase the tax take, the provision of company cars remains one of the more popular benefits an employer can give to an employee. Benefit in kind A director or employee who earns more than £8,500 is charged an amount as a benefit in kind (BIK)...
So, you’ve made the brave decision of setting up a new business. It’s quite likely that you’ll be feeling a mixture of excitement and pressure. Will you have the level of success required to make it through the perilous first year of trading? Can you juggle all of the demands...
Under the minimum wage legislation, workers must be paid at least the statutory minimum wage for their age. There are two types of minimum wage – the National Living Wage (NLW) and the National Minimum Wage (NMW). From 1 April 2021, as well as the usual annual increases, the age...
The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their full pay. Where...
Receive our newsletter to keep you up to date on the latest news, tax tips and a whole host of accountancy advice to help you and your business.
