As you may be aware Limited Companies are only permitted to pay dividends out of distributable profits. Due to the Coronavirus Pandemic, you may have had profits available when the dividends were declared but due to the various lockdowns …
Continue reading “Dividends, coronavirus and the distributable profits trap”
January 11, 2021
Keeping up with the constantly changing government guidlines surrounding the Coronavirus Pandemic has been challenging. If you run a business impacted by the restrictions then it’s even more important that you’re able to quickly understand what financial support is available …
Continue reading “Financial support you may be entitled to…”
October 28, 2020
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 …
Continue reading “Self-Employment Income Support Scheme extended until April 2021”
October 15, 2020
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 …
Continue reading “Job Support Scheme expanded to help firms required to close”
October 13, 2020
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 …
Continue reading “Will your home office give you a tax headache?”
October 13, 2020