The Super Deduction

Super Deduction Tax Relief Back in March as part of the budget, the Chancellor announced two new temporary first year allowances – the ‘super deduction’ and the ‘Special Rate (SR) super deduction allowance’ to help with the economic recovery from …

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Fifth Self Employment Income Support Scheme

A fifth grant covering the period May 2021 – September 2021 will open at the end of this month. If you are eligible based on your tax returns, similar to the last grant HMRC will contact you mid-July with a …

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Making Tax Digital

What is it? Making Tax Digital (MTD) is a system put in place by the Government which will require businesses to use software to manage their financial affairs in accordance with Government regulations. There are a range of different software …

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Rural Business Development Grant Scheme 2021

Local councils are providing grants of £500-£4,999 for small businesses based in a rural areas. These grants aim to promote both the sustainability and development of small businesses as well as helping them in their recovery from the global pandemic. …

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Business Rates Support

Rates holiday As part of the ongoing recovery from the COVID-19 crisis, specific sectors approved by the NI Executive will be eligible to apply for a full 12-month rates holiday from business rates for the entire financial year of 2021-22. …

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VAT Deferral New Payment Scheme

If you have chosen to defer any VAT payments which were due between 20 March 2020 and 30 June 2020. You now have the following options: Pay the deferred VAT in full now Join the VAT deferral new payment scheme …

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HMRC Scams re Covid Grants

HMRC Scams have been on the increase this year. Below is an example of a scam email regarding the Self Employed Income Support Scheme grant. Please be aware if you are eligible for the fifth SEISS grant you should only …

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Changes to Furlough Scheme

From July, the amount of support the Government will offer under the furlough scheme will start to decrease. Currently the government contribute 80% for hours not worked, up to a cap of £2,500. From 1 July 2021, the governments contribution …

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Bounce Back Loan

If you received financial support by means of a bounce-back loan, there are now options allowing you to avail of greater flexibility when it comes to repaying this loan. Due to the chancellors Pay as You Grow repayment flexibilities, more …

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Importance of leadership during Covid-19

Due to the uncertainty caused by the coronavirus crisis, it can be regarded as the ultimate test for leadership. Covid-19 has created many unexpected challenges for business leaders across all sectors in today’s society. Following the disruption caused by the …

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