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What are the key rates and bandings for the year ahead? The Personal Allowance, the amount you can earn before paying any Income Tax, remains at £12,500 for the 2020/21 tax year. The threshold for paying the Higher Rate of …

Coronavirus Job Retention Scheme The Government has stated that “Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been …

Self-employment Income Support Scheme · Are you self-employed?  This means are you a sole trader or in a partnership? · Did you submit a self-assessment tax return for the tax year 2018/2019? · Were more than 50% of your earnings …

When there’s a storm you need to dance in the rain! This week I have spoken to lots of a4c’s clients and have been really encouraged by the positivity around.  There’s some creative thinking going on, which I love! The …

Coronavirus Pandemic – What support is available? The current coronavirus situation is not like anything we’ve experienced before.  It has resulted in restrictions on travel and public gatherings, as well as supply chain disruptions and market uncertainty.  The pressure on …

Coronavirus Update from a4c We are in financially testing times right now but the staff and systems in place at a4c mean that we can continue to support you, just as we always have done. We will follow government advice …

Budget Report 2020 The 2020 Budget Report was delivered on Wednesday 11th March by Rishi Sunak. The headlines in the media include the government’s plans to provide unlimited financial support to the NHS in light of the coronavirus, the Environment …

Since 2016 there has been no charge to tax and NIC on “trivial” benefits provided to an employee. This means that these do not  need to be shown as a benefit on a form P11D but are still tax deductible …

The IR35 rules are not new and most people who work as a contractor via a Personal Service Company (PSC) are familiar with this legislation, however from April 2020 there will be a change which is expected to have a …