CJRS: Main changes to the extended scheme

CJRS: Main changes to the extended scheme

Jan 12, 2021

Towards the end of 2020, the Chancellor announced the furlough scheme’s extension until 30 April 2021, which will continue to contribute 80 per cent towards employees’ wages. Despite some similarities to the initial scheme in March 2020, ...

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Are you making full use of the Government’s COVID-19 financial support package?

Jan 08, 2021

Download our latest guide to make sure you are taking advantage of the support on offer As we enter yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level ...

Blog, Business accounting, Tax

HMRC warns of tax scams ahead of Self Assessment deadline

Jan 07, 2021

HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline. It comes after the tax office responded to thousands of reports of bogus emails, text messages and phone calls ...

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Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors

Jan 05, 2021

The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the announcement of a nationwide lockdown in England lasting until at least mid-February. The new ...

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Employers: call for furlough scheme to be introduced to working parents while schools are closed

Jan 04, 2021

The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed. According to the union, many bosses may be unaware that ...

Blog, Business Advice, HMRC, Tax

COVID-19: enhanced payment plans for Self-Assessment individuals

Dec 21, 2020

To help reduce any financial stresses as a result of the pandemic, HM Revenue & Customs (HMRC) has amended the instalment arrangements for paying tax liabilities for Self-Assessment taxpayers - increasing the threshold from £10,000 to £30,000. ...

Blog, Tax

The most common Self Assessment errors, according to HMRC

Dec 17, 2020

With less than two months to go until the 31 January Self Assessment deadline, HM Revenue & Customs (HMRC) is calling on taxpayers to get their annual return right the first time around. It comes after research revealed that approximately 90,000 ...

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Government has instructed fraudulent coronavirus loan applications to be reported

Dec 14, 2020

To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them. This executive agency of the Department for Business, Energy and Industrial Strategy, has ...

Blog, Business Advice, HMRC

HMRC temporarily suspends activation code requirement for new Self Assessment taxpayers

Dec 07, 2020

New Self Assessment taxpayers will no longer need to wait for an activation code to be sent in the post before they can access their personal tax account, it has been revealed. The change comes two months ahead of the online ...

Blog, SMEs

Coronavirus: Pubs in tier two and three areas set to receive new £1,000 grant funding

Dec 03, 2020

Pubs that principally serve alcohol in tier two and three areas are set to receive additional financial support over the Christmas period following an announcement by the Government. According to Government guidelines, pubs that do not serve ‘substantial meals’ are not ...

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