News

The government has announced that the self-employed will receive taxable grants to cover November 2020 to April 2021 if your business has been affected by coronavirus. So, are you eligible? Who can get the grant? The scheme has only been …

CORONAVIRUS The Chancellor has announced that the Job Support Scheme (JSS), which will replace the Coronavirus Job Retention Scheme from 1st November 2020, will be expanded to help protect jobs and support businesses required to close as a result of …

Whilst workplaces were closed for an extended period, more and more people took to creating dedicated workspaces at home. HMRC is now targeting these spaces – how can you avoid a tax bill? Sanctuary. As offices closed across the UK …

Following Borris Johnson’s speech on the 22nd September 2020, there are new restrictions and changes within the UK’s Lockdown. Here are the critical changes which we must observe starting from Monday 24th September. The main safety precautions are as followed: …

HMRC are changing the way builders charge VAT From 1st March 2021 HMRC is changing how it collects VAT on some construction services, known as The Domestic Reverse Charge. Under current rules, a builder charges VAT to their customer, collects …

On Thursday 24th September the Chancellor, Rishi Sunak, unveiled the government’s plan to protect jobs and support businesses over the coming months. Full details are yet to be published but here are the headlines:   The ability to pay furloughed …

A new scheme will be introduced from 1st November to protect viable jobs in businesses who are facing lower demand over the winter months due to Coronavirus. The headline details The JSS will run for six months, with the government …

During the lockdown, most people have been working from home, often involved in online meetings with customers and staff.  Where food is consumed during the working day can you claim a tax deduction for the cost? Tax deductible food Whether …

Director’s Salaries following lockdown   You’ve not drawn salary from your company for the last three months because its income was significantly reduced. It’s now improving and you’re restarting your salary next month. Is it worth paying yourself the arrears? …