Accountancy & Business Blog
Key Capital Gains Tax changes for Self-Assessment taxpayers to be aware of
HM Revenue & Customs (HMRC) is reminding self-assessment taxpayers of key Capital Gains Tax (CGT) changes that they need to be aware of before...
HMRC’s amended guidance on late furlough claims
On 19 November 2020, the Government amended its guidance to give examples of what is meant by a ‘reasonable excuse’, for submitting furlough claims...
Furlough scheme update – Publication of claims and employees serving notice
HM Revenue & Customs (HMRC) has confirmed that employees serving notice cannot be claimed for from the Coronavirus Job Retention Scheme (CJRS)...
The Furlough Extension – What you need to know
Employers across the UK will have welcomed the Government’s recent decision to extend the furlough scheme, also known as the Coronavirus Job...
New Bounce Back Loans have banks preparing for a wave of applications
UK banks have been preparing themselves for the wave of small and medium-sized enterprises (SMEs) topping up with the Bounce Back Loan Scheme (BBLS)...
Government extends furlough scheme and provides a boost to SEISS
As businesses deal with the impact of yet another national lockdown in England, the Chancellor has taken further steps to protect jobs, businesses...
COVID-19: Business loans to reach five times more than last year
Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number...
Government extends Self-Employment Income Support Scheme and Government-backed loans
As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and...
National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update
The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from...
Self Assessment: HMRC recommends completing online returns ahead of the deadline
Self Assessment individuals have 97 days left to complete their tax returns online before the deadline, but HM Revenue & Customs (HMRC)...
Government extends further support to businesses affected by COVID-19
Under increasing pressure from business groups, local authority leaders and the public, the Government has decided to extend several of its existing...
HMRC receives almost 55,000 tax relief claims for working from home
HM Revenue & Customs (HMRC) has received 54,800 tax relief claims from individuals for working from home using a new online portal. The online...
Self-Assessment: HMRC announces new ‘enhanced payment plans’ for self-employed
From 1 October 2020, individuals who complete Self-Assessment tax returns will now be able to divide their tax bill into monthly instalments,...
SMEs are still chasing unpaid invoices
The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors....
Chancellor announces new Job Support Scheme and package of business support measures
The Chancellor, Rishi Sunak, has announced a new job protection scheme and a range of new business support measures. Announcing his Winter Economy...
Business groups call for digital tools tax relief
Leading business groups have urged the Government to introduce digital tools tax relief to support small and medium-sized enterprises (SMEs)....
Payroll set to become ‘even more important’ for businesses
Payroll could become an even more pivotal area for businesses, with the latest research finding that the coronavirus pandemic has made payroll a...
Businesses urged to claim discounts under Eat Out to Help Out scheme ahead of September deadline
Businesses who registered with the Eat Out to Help Out scheme have been urged to claim back the 50 per cent government-funded discount applied to...
HMRC confirms unused Employment Allowance can be used to reduce other tax costs
Employers who delay their Employment Allowance claim and have unused Employment Allowance available at the end of the tax year “can use this to...
One in ten businesses at moderate risk of insolvency according to ONS
According to the latest statistics published by the Office for National Statistics (ONS), around one in ten businesses claim their risk of...
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