News
Business insurance rates are on the rise
18 February 2021
The impact of the pandemic has been felt in many different ways. Some of the effects have been quite immediate, but now many businesses are starting to see how the events of the last year are affecting their annual business insurance rates as well. Before COVID-19 struck, there were already a number of factors adversely impacting...
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£2,000 grants for Brexit-related training or professional advice announced
15 February 2021
The Government has announced the launch of a £20 million SME Brexit Support Fund, intended to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who trade only with the EU and who are, therefore, new to...
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What you need to know about the end of the Northern Ireland grace period
15 February 2021
It was today revealed that the European Commission is unlikely to accept the Government’s proposition of a two-year extension to the Northern Ireland grace period. With reports suggesting that the Union will consider a three-to-six-month extension at best, what does this mean for businesses transporting goods into Northern Ireland?
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The VAT Deferral New Payment Scheme
11 February 2021
Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the following options in order to do this.
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COVID-19 Bounce Back Loan repayment period extended
08 February 2021
The Government has announced changes to the Bounce Back Loan Scheme (BBLS) available to small businesses in the UK that will give companies longer to repay what they have borrowed. Around 1.4 million small and medium-sized businesses have taken out a loan since they were introduced last year, amounting to around £45 billion of financial support.
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The General Export Facility, explained
04 February 2021
Launched in December last year, the General Export Facility is designed to help businesses export their goods and services overseas. But what is the scheme? And how could it help your business?
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Calculating Coronavirus Job Retention Scheme claims for annually paid directors
28 January 2021
Small company directors that were not able to claim under the Coronavirus Job Retention Scheme (CJRS) because they paid themselves an annual salary in March 2020 may now be eligible to claim under the scheme. Many directors missed the cut-off date on 19 March 2020 to be eligible for the first and second iterations of the furlough scheme.
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HMRC waives penalties for Self-Assessment returns filed by 28 February – but payment deadline remains
28 January 2021
HM Revenue & Customs (HMRC) has announced that any Self-Assessment taxpayers who miss the 31 January 2021 tax return deadline will not receive late filing penalties if they file online by 28 February 2021, although the 31 January 2021 payment deadline remains. Taxpayers who do not pay any outstanding balance on their 2019-20 tax...
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Requests for exemption from publication of furlough claims must be submitted by Monday 25 January
22 January 2021
HM Revenue & Customs (HMRC) has confirmed that the final deadline for employers to request an exemption from the publication of furlough claims will be this coming Monday 25 January 2021. Shortly after it was announced in the autumn that the Coronavirus Job Retention Scheme (CJRS) would be extended and reset to resemble the original...
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Only a few days are left to submit applications for the third SEISS grant
22 January 2021
Any applications for the latest round of the Self Employment Income Support Scheme (SEISS) must be submitted by the deadline on 29 January 2021. This grant offers a taxable support payment equal to 80 per cent of the average of three months’ trading profits (up to a maximum of £7,500) to eligible individuals.
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Case Studies
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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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Sometimes a business does exactly as it says on the tin
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Taxing demands with old school charm
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A modern approach required for music moguls
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A shared passion for architecture and a head for numbers
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Customer care is top of the list for packaging business
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Smiles all round for dental practice
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Cut above the rest in personal management style