News
The fifth round of the Self-Employment Income Support Scheme (SEISS) is now open
02 August 2021
HM Revenue & Customs (HMRC) has announced that the portal for the fifth round of the Self-Employment Income Support Scheme (SEISS) is now open. In recent weeks, the tax authority has been directly contacting taxpayers that it believes are eligible for the fifth round of the scheme, providing them with their personal claim date.
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Businesses urge Government to reopen SME Brexit Support Fund as two-thirds of cash goes unclaimed
30 July 2021
Business groups have called on the Government to reopen the SME Brexit Support Fund after it was revealed that just a third of the grants available had been awarded. The £20 million initiative was launched this summer in response to Brexit to help up to 10,000 traders get to grips with new customs processes.
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Government updates self-isolation rules with limited exemptions for 16 sectors
26 July 2021
While most Covid restrictions in England ended on Monday 19 July, the requirements for people testing positive and their close contacts to self-isolate will continue to apply until 16 August, when they will change for under-18s and double-vaccinated adults.
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Freedom Day – What does it mean for businesses?
19 July 2021
From 19 July the majority of the remaining Coronavirus pandemic restrictions will end in England, with a similar reduction of measures in Wales and Scotland. Commonly being referred to as Freedom Day, this final step in reopening the economy will see many of the rules placed upon businesses removed.
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I am an overseas seller selling directly to UK customers - do I need to register for VAT?
15 July 2021
Are you selling goods directly to UK customers after 1 January 2021? Follow this handy guide to help decide whether you need to register for VAT in the UK. For further information, please get in touch with our expert team.
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Time to prepare for Corporation Tax changes
13 July 2021
From April 2023, the Corporation Tax rate will rise for companies with profits of more than £50,000, following the Chancellor’s announcement at his Spring 2021 Budget. However, the new higher rate of Corporation Tax will not be the same for all companies and will instead be tied to their profits.
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Making Tax Digital for Income Tax – Get ready now!
13 July 2021
The next big step in the Government’s Making Tax Digital (MTD) initiative is rapidly approaching. From 6 April 2023, MTD is expanding to include businesses and landlords with a combined total gross income over £10,000 per annum, from the following sources...
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Points-based system for HMRC late payment penalties
13 July 2021
Penalties for late submission and late tax payments will be determined by a new points system to make them fairer and more consistent, HM Revenue & Customs (HMRC) has announced. Under the new system, penalties will be points-based rather than automatic. This means that those who consistently miss deadlines will accrue...
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Take account of your year-end tax liabilities
13 July 2021
Payments on account are advance payments towards your tax liability for the year, if you complete a UK Self-Assessment tax return and is a way of settling tax owed. The two deadlines for the self-employed to pay their tax bills are 31 January and 31 July of each year. These two payments are made during the year...
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Director’s ban a warning to others to keep proper company records
13 July 2021
A payroll services boss has been banned for orchestrating a multi-million-pound tax avoidance scheme. The case puts a spotlight on company owners and should serve as a reminder that they are subject to strict conditions over keeping records.The High Court issued a disqualification order lasting 11 years to the sole...
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Child's play with proactive accounts management
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A taste for growth, a thirst for knowledge
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A shared passion for architecture and a head for numbers
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Taxing demands with old school charm
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Cut above the rest in personal management style
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A modern approach required for music moguls
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Smiles all round for dental practice
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Customer care is top of the list for packaging business