Companies & Businesses

VAT * You still have to file your VAT return; while the claim for deferral is automatic you still need to cancel the VAT Direct Debit with your bank or else the payment may still be taken. More details on …

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Self Employed Income Support Scheme

The Chancellor Rishi Sunak announced a rescue package for self-employed individuals this evening. The key points are: A new self-employed income support scheme will pay self-employed people a taxable grant worth 80% of average monthly trading profits, capped at £2,500 …

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Covid-19 – Daily Meeting Invitation

Julian McKeown will be holding a daily Covid-19 update meeting at 4pm each week day and everyone is welcome to join. Topic: Covid-19 Business Support Available Time: This is a recurring meeting at 4pm Monday – Friday   How do …

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Covid 19 – Update

Coronavirus Job Retention Scheme As per our email yesterday, there is still some confusion regarding furloughed employees. Although we have had no definite answer the general consensus is that employers can reclaim the full 80% paid to employees. Help for …

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Covid-19 – Furlough Ambiguity

There is a lot of confusion at the minute in relation to the interpretation of the furlough rules, we have been discussing this with other firms of accountants, looking at lawyer and HR team opinions and re-reading the guidance on …

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COVID-19 – Support Summary

On Friday 20th March, the Chancellor announced for the first time in history the government will pay peoples wages via a Coronavirus Job Retention Scheme. What is it and what will it cover? HMRC will reimburse 80% of workers wage costs, …

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COVID-19 – Client Help sheet

  As in any time of uncertainty, businesses and individuals around the world are naturally concerned about the impact to their finances and the safety of their employees. Here are some details regarding financial support that may be available to …

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2020 Budget Summary

    Chancellor Rishi Sunak delivered his 2020 budget speech to the House of Commons today on Wednesday 11th March 2020. The main points discussed have been summarised below:- Businesses Increased the rate of Research and Development expenditure tax credit …

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Capital Gains Overnight Tax Hike

  Capital Gains Tax is a tax on the profit when you dispose of an asset that’s increased in value. You are taxed on the gain you make and not the amount of money you receive. Disposing of an asset …

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Your Tax Year End 2019 – 20 Checklist

    You have just a few weeks left to take advantage of any year-end tax planning opportunities. Some of these opportunities will be lost if not used before the tax year end 5 April 2020        1. …

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