Treasury directive re fourth SEISS grant
Posted
by admin
HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect...
READ MORE
Keeping self-employed tax records
Posted
by admin
If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as...
READ MORE
Recovery Loan Scheme
Posted
by admin
The new Recovery Loan Scheme was launched on 6 April 2021. The new scheme allows businesses of any size to access loans and other kinds of finance...
READ MORE
The Mortgage Guarantee Scheme
Posted
by admin
One of the measures announced at the Budget was the introduction of a new Mortgage Guarantee Scheme to help home buyers purchase property. The...
READ MORE
A reminder that not all costs are costs…
Posted
by admin
Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material...
READ MORE
Vaccine for your business
Posted
by admin
There is a poignant similarity between the effects of COVID on us personally and our businesses. Thankfully, the possible dire consequences of...
READ MORE
Website development costs
Posted
by admin
One of the main areas to consider in deciding how to treat a deductible expense is whether the cost is revenue or capital in nature. There is no...
READ MORE
Lockdown changes 12 April 2021
Posted
by admin
Even the unseasonably cold weather does not seem to have stopped people in England getting their first taste of normality for many months as many...
READ MORE
Repaying overclaimed SEISS grants
Posted
by admin
Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the...
READ MORE
Property repossessions from 1 April 2021
Posted
by admin
There have been a significant number of measures introduced to help those experiencing financial difficulties because of coronavirus. Throughout...
READ MORE
One-off £500 payment for working households receiving tax-credits
Posted
by admin
As part of the March 2021 Budget, the Chancellor announced that the temporary £20 weekly uplift in Universal Credits would continue for a further...
READ MORE
HMRC’s new penalty regime
Posted
by admin
HMRC’s new points-based penalty regime for late submission and payment will start from 1 April 2022. The changes will apply in the first instance...
READ MORE
