By Tom Maxwell In Advice, Blog, NewsPosted 20/08/2020 COVID-19 update – 20 August – CBILS ‘extension’ and CJRS compliance activity. CBILS ‘extension’ Banks have been given extra time to distribute CBILS loans to medium and larger businesses. The British Bank has written to all lenders to say applications for the Coronavirus [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 19/08/2020 Engage early with HMRC on tax debts HMRC have released two policy papers giving guidance for taxpayers who are having trouble paying their tax on time: How HMRC treats customers who have a tax debt and How HMRC supports customers [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 19/08/2020 COVID-19 update – 19 August – £20m professional services grant To help recover from the impacts of COVID-19, small businesses will be able to benefit from the latest government grants designed to help them access professional advice, including guidance from [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 18/08/2020 COVID-19 Update – 18 August – Second SEISS grant and employment allowance and CJRS. Self-employed Income Support Scheme (SEISS) Self-employed workers can now apply for the second grant through the Self-employed Income Support Scheme. Those who are eligible for the grant will be [...] 0 Read More
By DBS In Advice, BlogPosted 14/08/2020 Structuring your business for after COVID 19: Incentivising staff with shares When something as life-changing as a global pandemic hits, companies need to ensure that they are ready to weather the storm and hopefully thrive at the end of it. This is a daunting concept [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 13/08/2020 COVID-19 Update – 13 August – Eat Out to Help Out Businesses who have registered for the Eat Out to Help Out Scheme will be pleased to know the claim system is now open. You can only claim 7 days from the date of your registration, and you can [...] 0 Read More
By Tom Maxwell In Advice, Blog, News, Tax TipsPosted 13/08/2020 Changes to import VAT from 2021 As of 1 January 2021 the VAT treatment of imported goods is changing. Until then the current rules apply and change depending on if the goods are imported from EU or non-EU countries. Postponed [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 05/08/2020 COVID-19 update – 5 Aug – Eat out to help out check your understanding of discounts and VAT As the Eat Out to Help Out Scheme launches this week, businesses are urged to ensure they understand the interaction between the discount and the VAT being charged. HMRC has issued [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 05/08/2020 COVID-19 update – 5 August – Overclaimed COVID grants We strongly advise those who have received CJRS or SEISS grants to double-check their entitlement now that the 90-day period to inform HMRC of any overclaimed amount has become law. The law [...] 0 Read More
By DBS In Advice, BlogPosted 03/08/2020 How to prepare for an audit Preparing for an audit is already a time-consuming task and this is only increased during uncertain times. For those companies that need to submit their accounts from the previous year during a [...] 0 Read More