By Tom Maxwell In Advice, Blog, NewsPosted 25/01/2022 Prepare your business for Making Tax Digital (MTD) for VAT Making Tax Digital for VAT becomes mandatory for all VAT registered businesses from 1 April 2022 Businesses with a taxable turnover above £85,000 have already been required to follow Making Tax [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 24/01/2022 Gove closes tax loophole on second homes Owners of second homes who abuse a tax loophole by claiming their often-empty properties are holiday lets will be forced to pay under new measures announced by the government. Currently, owners [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/01/2022 The Statutory Sick Pay Rebate (SSPR) service is now open. If you employed fewer than 250 employees on 30 November 2021 and have paid Statutory Sick Pay to your employees for COVID related sickness absences, you could be eligible for a rebate. Employers [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 19/01/2022 Be careful of rebate claim agents and fake refund promises. The rapid growth of tax rebate claim agents is raising concerns after recent flurry of fraudulent activity by tax refund companies. Some businesses appear to be taking advantage of tax relief [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 18/01/2022 Paying back a Self-Employment Income Support Scheme (SEISS) grant There is a new section in the SEISS guidance called ‘If you still need to make a claim’. If you’ve not been able to make a claim due to an HMRC error or other exceptional circumstances, you must [...] 0 Read More
By Tom Maxwell In Advice, BlogPosted 18/01/2022 What’s Your Exit Strategy? The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, PayrollPosted 13/01/2022 National Living Wage and National Minimum Wage rates for 2022 The UK Government have announced the rise in the National Minimum Wage and National Living Wage from April 2022. In full, the increases are: National Living Wage (23+) to increase from £8.91 to [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 12/01/2022 Cash Flow Is The Single Most Important Issue In My Business. Do you agree? Most of our clients do. In this economy CASH IS KING and managing your cash flow is more important than ever. If you are concerned about the future of your business then take some [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/01/2022 Over £700 million funding for businesses impacted by Omicron variant. The government have delivered over £700 million to local authorities for businesses impacted by Omicron. Companies in the hospitality, leisure, and accommodation industries, many of whom have [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 10/01/2022 HMRC announces one-month self-assessment penalty waiver HMRC has stated that for 2020/21 self-assessment tax returns submitted online by 28 February 2022, there will be no late filing penalties. However it’s worth noting that, beginning 1 [...] 0 Read More