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Are you ready for 1 January 2021?

When we awake to the new year we will no longer be in transition; we will be out of the EU and will have to cope with a wide range of regulatory changes if we buy or sell goods or services to EU suppliers and customers. The Department for Business, Energy & Industrial Strategy...
2 days 54 min ago

Furlough claims from 1 November 2020

If you are making claims under the extended furlough scheme from 1 November 2020 you need to be aware of changes in the claims process. Perhaps the most significant is that claims need to be registered within 14 days of the relevant period end. In their revised guidance on this...
3 days 54 min ago

Are you eligible for further self-employed grants?

Two quarterly grants have been paid to UK self-employed traders that qualify for the Self- Employed Income Support Scheme (SEISS). These covered the periods up to 31 October 2020. The Chancellor has announced that two further quarterly payments will be made. Traders will still need...
1 week 1 day ago

Current businesses subject to lock-down

We have reproduced below a list of businesses which must close during the period 5 November to 2 December 2020. Business based in England and required to close To reduce social contact, the regulations require some businesses to close and impose restrictions on how some businesses...
1 week 3 days ago

Are you eligible for Universal Credit?

What to do if you are placed in a financial position where you do not have sufficient income to meet your monthly outgoings and you are unable to find work to plug the gap. The main government assistance for those who find themselves in this position is to register for Universal...
2 weeks 1 day ago

Government financial support extended

Government financial support for UK businesses affected by the COVID pandemic have been extended in the past week. Thankfully, relief for employees of affected companies and the self-employed have been announced in tandem. A short summary of the main changes follows: Coronavirus Job...
2 weeks 4 days ago

Get ready for end of EU transition period

Government have recently promoted their online webinars that aim to support businesses who will be affected by the end of the EU exit transition period, 31 December 2020. Here’s what the Department for Business, Energy and Industrial activity have to say: Over 3,000 people have...
3 weeks 1 day ago

Are you making the most of your accounts data?

Many of us have taken the step from manual to digital accounting systems. But are you making the most of features provided? Without a doubt, accounts software offers a wealth of reports many of which will likely be of limited use to businesses, however, many will be of use. There...
3 weeks 2 days ago

Cash back at all shops

Brits will be able to get cashback from shops without needing to buy anything under new proposals to protect the UK’s cash system announced 15 October 2020. Under the government proposals, cashback without a purchase could be widely available from retailers of all sizes in local...
3 weeks 4 days ago

How much of your estate will be taxed?

The present rate of Inheritance Tax (IHT) that is payable by your executors on your taxable estate is 40%. The good news is that you can reduce the impact of this tax, which effectively reduces the amount of your hard-won assets that is received by your beneficiaries. For example...
3 weeks 4 days ago

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