Monthly Archives: June 2020

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What should I know about tax and dividends in 2020/21?

Dividends can be extremely confusing, but if you're looking for the most tax-efficient way to extract money from a company, the pros often outweigh the cons. To help you get started, and figure out if dividends are the right option for you, we have put together a short guide with [...]

By |2020-06-26T10:12:27+01:00June 26th, 2020|Uncategorised|

C19 Business News Update 24th June

There is welcome news for the English hospitality sector and, if they can operate safely, they can reopen from the 4 July. There are important changes for the construction industry. There is also a new guide on the coronavirus job retention (CJRS) scheme: a step by step guide for employers. [...]

By |2020-06-24T13:09:44+01:00June 24th, 2020|Business Support, Covid 19|

Should you pay or defer? What are the options for your upcoming tax bill?

The current pandemic has brought a variety of significant changes to our professional and personal lives, but some things remain constant, and unfortunately, taxes are one of those. Now more than ever, people are worried about their finances, and the strain taxes will have on them. To help businesses and [...]

By |2020-06-23T14:16:19+01:00June 23rd, 2020|HMRC News and Updates|

Covid 19 Business News Update

Today we catch up with the launch of the Local Authority Discretionary grant funds in England and how you can watch videos and register for the free Government webinars to learn more about the support available to help you deal with the economic impacts of coronavirus. The Government has been updating a [...]

By |2020-06-17T10:31:21+01:00June 17th, 2020|Uncategorised|

Changes to the Coronavirus Job Retention Scheme

Wage caps are proportional to the hours not worked. Updated 12 June.How different circumstance affect the Self-Employment Income Support Scheme The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ [...]

By |2020-06-16T14:58:42+01:00June 16th, 2020|Uncategorised|

The advantages of setting up a limited company

Are you unsure whether to set up your business as a limited company or become a sole trader? In this article, we discuss the main advantages of a limited company to help you determine whether it is the right choice for you and your business. What is a limited company? [...]

By |2020-06-04T10:08:47+01:00June 4th, 2020|Uncategorised|

C19 Business news update

In this newsletter, we outline details of the Governments advice on how to treat certain expenses and benefits provided to employees during the Pandemic. We also outline support from business representative organisations and trade associations, public health border measures and other pertinent Government updates. How to treat certain expenses and [...]

By |2020-06-03T14:52:40+01:00June 3rd, 2020|Business Support, Covid 19|

The Coronavirus Job Retention Scheme (CJRS) is Changing!

UK Chancellor Rishi Sunak outlined changes to the furlough scheme during the daily press briefing (29 May 2020). The Chancellor stated that in June and July the furlough scheme will continue as before, but employers will be asked to cover National Insurance and employer pension contributions in August. By September, [...]

By |2020-06-02T11:19:45+01:00June 2nd, 2020|Covid 19|