News
Four in five SMEs are confident over their Coronavirus recovery
21 September 2020
Four in five UK small to medium-sized enterprises (SMEs) are confident that they will recover from the Coronavirus pandemic, according to research by Starling Bank and the Great British Entrepreneur Awards. The data indicates that 75 per cent of business owners are feeling more confident than they did in July as lockdown measures ease.
Read more...
HM Revenue & Customs (HMRC) writes to 3,000 employers over furlough claims
21 September 2020
HM Revenue & Customs (HMRC) is reportedly writing to 3,000 employers over claims they have made for grants from the Coronavirus Job Retention Scheme (CJRS). The ICAEW Tax Faculty says that HMRC began issuing the letters at the end of August to businesses that are suspected of having claimed more than they were entitled to or grants...
Read more...
Government to launch new local lockdown grants
14 September 2020
Businesses that are required to shut due to local lockdowns could be entitled to claim up to £1,500 in grant funding every three weeks for each premises that is closed. The new grant funding has been created to support those businesses that are adversely affected by local restrictions, which are being imposed in areas with high...
Read more...
CBILS ends on 30th September 2020
10 September 2020
The Coronavirus Business Interruption Loan Scheme (CBILS) has offered important financial support to thousands of businesses across the UK – but it is due to end this month. Although the deadline for accredited lenders to review applications was recently extended until 30th November 2020, businesses wishing to receive funding...
Read more...
Important Message to Clients and Friends
09 September 2020
Our office is open again however before visiting please read the following update.
Please also see the News section of our website where we are posting COVID19 updates
Stay Safe all of you…The 10CA Team
Read more...
How will you rebuild and recover? Funding launched to cover cost of professional advice
20 August 2020
The value of cash flow forecasting, management accounts and revised business plans is set to come into stark relief as businesses look to rebuild and recover following the easing of lockdown. In recognition of the importance of these and other accountancy services to the recovery and a swift return to prosperity, the Government...
Read more...
Tax changes outlined in draft Finance Bill 2020 – 2021
19 August 2020
The Government has unveiled its draft legislation for the 2020 – 2021 Finance Bill (the Bill). The new proposals cover a number of measures that were previously announced in the 2020 Spring Budget. To help you gain a greater appreciation for potential tax changes on the horizon, we have prepared a summary of some of the key measures...
Read more...
Coronavirus Business Interruption Loan Scheme expanded to more businesses
19 August 2020
Following a change in EU state aid rules, the Government has announced that it will expand the Coronavirus Business Interruption Loan Scheme (CBILS) to certain businesses classed as “undertakings in difficulty” – those with large losses and debts. The UK remains subject to EU state aid rules during the Brexit transition period.
Read more...
VAT treatment of imported goods up to £135 to change under new rules
19 August 2020
VAT on imported goods with a value of up to £135 will be collected at the point of sale, not the point of importation from 1 January 2021. New guidance has been issued by HM Revenue & Customs (HMRC) which outlines how it anticipates the import of goods from outside the UK below this value to be treated for VAT after the transition period ends.
Read more...
HM Revenue & Customs publishes Job Retention Bonus guidance
19 August 2020
HM Revenue & Customs (HMRC) has published guidance setting out how the Job Retention Bonus will operate. The Job Retention Bonus was announced by the Chancellor at the Summer Economic Update on 8 July 2020 and will provide employers with a one-off payment of £1,000 for each previously furloughed employee continuously employed to 31 January 2021.
Read more...
Case Studies
-
A modern approach required for music moguls
-
Cut above the rest in personal management style
-
A shared passion for architecture and a head for numbers
-
Smiles all round for dental practice
-
A taste for growth, a thirst for knowledge
-
Taxing demands with old school charm
-
Child's play with proactive accounts management
-
Customer care is top of the list for packaging business
-
Sometimes a business does exactly as it says on the tin