Update on the Coronavirus Job Retention Scheme (CJRS) It’s nearly a month since the Coronavirus Job Retention Scheme (CJRS) opened and many businesses will be preparing to make another claim in order to receive money by the end of May. To ensure you receive a payment by the end of May, you need to apply […]
11
May
May
The Chancellor of the Exchequer recently announced Covid-19 support for the self-employed in the form of the Self-Employment Income Support Scheme (SEISS). HMRC have now started contacting self-employed customers who they think could be eligible for the Scheme. This is based on the information provided in 2018 to 2019 tax returns. You can use this […]
27
Apr
Apr
The National Minimum Wage rates increased on the 1st of April 2020 but with everything that’s going on at the moment it was easy to miss this. So that you’re up to speed I thought I’d post a brief summary of the changes and how they might affect you. The hourly rates depend on the […]
20
Apr
Apr
Coronavirus Job Retention Scheme The online service to claim is now live The Chancellor of the Exchequer recently announced Covid-19 support for employers including the Coronavirus Job Retention Scheme (CJRS). This allows employers to claim 80% of the wages of their staff up to a maximum of £2,500 per employee if they can’t maintain their […]
13
Apr
Apr
Covid-19 Support for employers The Chancellor of the Exchequer has announced temporary and targeted measures to support people and businesses through the period of disruption caused by COVID-19. This includes a package of Covid-19 support for employers including the Coronavirus Job Retention Scheme (CJRS). This allows employers to claim 80% of the wages of their […]
06
Apr
Apr
Covid-19 Support for the Self-employed The Chancellor of the Exchequer has announced temporary and targeted measures to support people and businesses through the period of disruption caused by COVID-19. This includes a package of support for those who are self employed including a Self-employment Income Support Scheme and through deferring Self-Assessment payments on account Deferring […]
30
Mar
Mar
As a result of COVID-19, deferral of VAT payments is now an option after The Chancellor of the Exchequer announced temporary changes to VAT payments due between 20 March 2020 and 30 June 2020. It is hoped that this will help businesses manage their cash flow. What this means in practice is that all UK […]
23
Mar
Mar
We’re nearing that time of year again. Some people dread it but there are things that can be done now to ensure the entire process goes much more smoothly. Get ahead with these tips. Payroll Software If you’re an employer you’ll most likely be paying your employees through payroll software. In preparation for the end […]
09
Mar
Mar
New Chancellor Rishi Sunak will deliver his first budget on Wednesday 11th March but there are some things that we know will happen even before he does. Tax Rates The Government have already promised there will be no rise in the rates of Income Tax, VAT or National Insurance before 2025 meaning rates will stay […]
02
Mar
Mar
The Making Tax Digital for Income Tax pilot is now available on a voluntary basis. Businesses can sign up if they are a sole trader with income from one business and/or are landlords (except those with furnished holiday lettings). If a business that signs up to the pilot has no other income to provide to […]
