News
Parents missing out on tax-free childcare bonus of up to £500
19 April 2021
Parents are being encouraged to check whether they are missing out on a tax-free childcare bonus of £500. Families using tax-free childcare accounts to pay for their childcare costs could receive a Government top-up worth up to £500 every three months, but thousands are missing out on the payout, HM Revenue & Customs (HMRC) has warned.
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Applications for SME Brexit Support Fund underway
19 April 2021
A new scheme that supports small and medium-sized businesses with a grant of up to £2,000 has opened. The scheme provides grants to help tackle the new admin requirements for imports and exports to and from EU countries, as well as elsewhere in the world, or the movement of goods between GB and Northern Ireland.
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Thousands of cases of COVID-related fraud and cyber-crime are being investigated
19 April 2021
A special police task force, tackling fraud in England, Wales and Northern Ireland, says it is investigating 6,000 cases of cybercrime, worth a staggering total of £34.5 million since March last year. The Action Fraud team is investigating many cases, but said that of those reporting a cyber-attack...
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Majority of SME owners have loaned personal money to their business during the pandemic
19 April 2021
A new study has found that nearly six in 10 (59 per cent) small business owners loaned personal money to their business during the pandemic to help it survive. Research undertaken by one of Europe’s largest small business lenders, iwoca, showed that many owners had taken drastic steps during the pandemic to support their business.
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Coronavirus insolvency measures extended until the end of June
19 April 2021
To help businesses with the ongoing impact of the pandemic the Government has decided to extend measures in the Corporate Insolvency and Governance Act (the Act) to protect struggling companies. The extension to the measures introduced in the Act, includes an extension of the suspension of liability for wrongful trading...
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Inheritance tax reporting to be simplified
19 April 2021
Rules coming into effect from 1 January 2022 will mean that nine in 10 estates that are not subject to Inheritance Tax (IHT) will no longer need to complete IHT forms as part of the probate process. Meanwhile, a temporary measure that is currently in place so that IHT returns can be submitted without a physical signature will...
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Applications open for £2,000 post-Brexit import VAT advice
16 April 2021
Applications are now open for the Government’s SME Brexit Support Fund, which offers grants for up to £2,000 that can be put towards the cost of professional advice on import VAT. The end of the Brexit Transition period has changed the way businesses must account for VAT when importing from the EU and the new fund offers...
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An introduction to the UK’s points-based immigration system
16 April 2021
On 1 January 2021, the UK launched a new, points-based style immigration system to bring EU immigration into line with the rest of the world. If you are an employer, here’s what you need to know about the new immigration regime and how you can recruit talent from overseas.
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HMRC contacts self-employed individuals who could be eligible for fourth SEISS grant
16 April 2021
HM Revenue & Customs (HMRC) is now contacting self-employed individuals who could be eligible for the fourth round of the Government’s Self-Employment Income Support Scheme (SEISS). The fourth round of the scheme covers the period from 1 February 2021 to 30 April 2021 and is worth 80 per cent of three months...
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Furlough scheme guidance updated
16 April 2021
HM Revenue & Customs (HMRC) has published a series of updates to its guidance on the Coronavirus Job Retention Scheme (CJRS), more commonly known as the ‘furlough scheme’. The updates cover the changes to the scheme as it is extended from 1 May 2021 to 30 September 2021.
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Case Studies
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Smiles all round for dental practice
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A modern approach required for music moguls
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Child's play with proactive accounts management
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Taxing demands with old school charm
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Customer care is top of the list for packaging business
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Sometimes a business does exactly as it says on the tin
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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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Cut above the rest in personal management style