Have you seen?

  • The Business Interruption Loan Scheme:This is a government backed loan of up to £5m and the Government will pay the interest for the first 12 months of the loan. the Government will guarantee 80% of the loan. The scheme is open to any business with a turnover of less than […]

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  • We are in unprecedented times with the COVID-19 virus and during times of uncertainty our biggest opportunity is to come together to learn more, support one another and adapt to change, even if we cannot always see the way forward. Our responsibility is to ensure we put people first in […]

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  • Changes to Entrepreneurs’ Relief Today’s budget introduced a small change to the ER rules. It has been widely speculated that the relief would be abolished or radically changed, but in effect the Chancellor has only reduced the Lifetime Allowance from £10M to £1M, which was the limit when it was […]

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  • What are the rules if your employees need to self-isolate in the current coronavirus pandemic? Current NHS guidance is if you suspect you may have come into contact with someone who has Coronavirus you should self isolate for 14 days. (Ring 111 if you need to check your status). So […]

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  • HMRC raises £16 for every £1 it spends on staff carrying out investigations into the #tax affairs of individuals and small businesses.  Figures show HMRC collected £4.9bn in extra tax from investigations into individuals and small businesses in 2018-19, but only had to spend £309m on staff to achieve that. […]

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  • People who are relocating or are stuck in a chain could be caught out by changes to capital gains tax (CGT) which are coming in April . If you have already bought your next home , the new rules will halve the amount of time homeowners have to sell their […]

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  • Click the link below to find out how to pay a debt to HMRC with a time to pay arrangement https://www.gov.uk/guidance/find-out-how-to-pay-a-debt-to-hmrc-with-a-time-to-pay-arrangement

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  • As announced on 31 December 2019, the National Minimum wage will be increased

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    Minimum Wage Increase
  • A what, I hear you ask. In the tax world there are income brackets where £1 into the next bracket can cost you dearly. These happen not only where a rate change is activated, so when you go from being a basic rate taxpayer to a higher rate taxpayer (£50,000 […]

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  • We have some new Capital Allowances to talk to you about this year. Capital allowances are a tax relief that allow businesses, so sole traders, partnerships, limited companies and furnished holiday lettings, to claim tax relief on the cost of buying equipment used in their business. Usually if you were […]

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