Tips to reduce the impact of the ‘cost of business’ crisis

Tips to reduce the impact of the ‘cost of business’ crisis The cost of living crisis is an ongoing worry for people across the UK. However for small businesses, they are also experiencing the ‘cost of doing business’ crisis that …

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Time to renew your Tax Credits

  If you are currently claiming tax credits you must renew them with HMRC by 31 July 2022. You should have received a renewal pack by now, but if not then contact HMRC. You will have to provide HMRC with …

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P11D & P11D(b) update

  As the tax year has now come to an end, it is important to consider whether you have provided your employees with any expenses or benefits during the year, and if you have, then you may need to report …

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Starting a Business

  Congratulations, you’ve taken the initial step and decided to start your own business. The next big decision is whether to set up as a sole trader or limited company. Depending on the size and nature of your business, there …

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Rural Business Development Grant Scheme

The Rural Business Development Grant Scheme is a capital grants scheme of up to 50% grant rate available to existing micro enterprises based in rural areas in order to support sustainability, recovery and development through DAERA’s ‘Tackling Rural Poverty and …

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Movement Assistance Scheme 2022

  Brexit has brought about many changes to most industries throughout the UK and Ireland. The new Movement Assistance Scheme came into place on 1st April 2022 to assist with the costs associated with complying with the new Brexit regulations …

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Rural Business Development Grant Scheme 2022

  The Rural Business Development Grant (RBDG) Scheme is funded through the DAERA (TRPSI) Programme, and will be delivered in partnership with local councils.   What is Available: The grant will cover 50% of capital items purchased, with the maximum …

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Statutory Pay Changes 2022

  Statutory Maternity, Paternity, Shared Parental and Adoption Pay From 3 April 2022, Statutory Maternity Pay, Statutory Paternity Pay, Statutory Shared Parental Pay and Statutory Adoption Pay all increase from £151.97 to £156.66 per week.   Statutory Sick Pay From …

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Research and Development (R&D) Tax Relief

  Research and Development (R&D) Relief is a government incentive to reward companies undertaking R&D. It is a corporation tax relief that may reduce your tax bill or through a tax credit by way of a cash sum paid by …

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Making Tax Digital (MTD) – For VAT

    Making Tax Digital for VAT became mandatory for all VAT registered businesses from 1 April 2022 regardless of their turnover. This requires businesses to keep digital VAT records, and submit VAT returns using compliant software. Failure to do …

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