It has been announced that the government will pay self-employed people adversely affected by coronavirus a taxable grant worth 80% of their average monthly trading profit over the last three years, up to £2,500 per month, for at least three months (in line with the employed scheme).
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Covid-19 – Furloughed Workers Updates
The Governments recent announcement on the Coronavirus Job Retention Scheme essentially means that all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.
Coronavirus Business Interruption Loan Scheme
The temporary Coronavirus Business Interruption Scheme supports Small & Medium Sized Enterprises (SMEs).
Common Tax Terms Explained
Read our helpful post, quickly explaining some of the most common tax terms to help you stay on top of your business accounts.
Changes to Pension Lifetime Allowance
From 6 April 2014 the lifetime allowance will be reduced to £1.25m. Should this apply to you, please get in touch.
Changes to Entrepreneurs Relief
The 2018 budget contained two changes to shareholdings to Entrepreneurs Relief (ER) introduced in the 2018 Budget.
Changes to Child Benefit
You may be aware from recent press coverage of the changes to Child Benefit rules which are due to take effect from Monday 7 January 2013.
Budget 2020: A wrap up of this year’s event
The Chancellor Rishi Sunak has delivered his first budget since taking over from Sajid Javid last month. We’ve put together a quick wrap of this year’s event.
Brexit: Removal of audit rights in Ireland
The Institute of Chartered Accountants in England and Wales has received an indication from the Irish audit authorities that they interpret the Audit Directive to mean that non-Irish resident accountancy firms currently on the Irish Audit register, are unlikely to retain automatic audit rights in Ireland in the event of a no-deal Brexit.
All You Need to Know About Company Car Tax
Company cars have long been one of the most popular employee benefits. But over the last decade, this perk has come under new tax rules. Find out more
All tax payers urged to set up their online personal tax account
HMRC introduced the personal tax account in December 2015 as a way to make it easier for people to see and manage their tax details online
All limited partners to pay Class 2 National Insurance
From 6th April 2013, sleeping & inactive limited partners will be required to pay Class 2 NICs & Class 4 NICs after reviewing its interpretation of the law