SJB & Co Chartered Accountants
2020 was a roller coaster year for businesses, but a bumpy road still lies ahead. More than ever, businesses need to understand and manage their finances, and more importantly, put measures in place to protect them as the landscape still shifts below their feet. If you want to survive 2021 and increase the resiliency of […]
8 vital tips for surviving 2021 Read More »
Just thinking about how much the government has forked out during the COVID-19 crisis is scary; never mind hearing the numbers (it was £284 billion at the end of 2020, just FYI). But the funny thing about the economy is that you have to borrow to build. Small businesses have relied on government-backed financial support
Accessing finance for small business recovery: what is available in 2021? Read More »
You may have received, or are about to receive, a letter from your bank if you took out a government-backed Bounce-Back Loan (BBL) last year. You may remember that in the first year of the BBL no repayments were required, and the government picked up the tab for any setup costs and interest charges. Banks
Bounce-Back Loan options Read More »
A new tax incentive for companies. Perhaps the most innovative give-away in the recent budget was “Super-deductions for investment expenditure”. What does this mean? Companies that invest in qualifying plant and machinery in the period from 1 April 2021 to 31 March 2023 will benefit from enhanced capital allowances. Investments in assets that qualify for
What are Super-deductions? Read More »
How will budget changes affect you? The Chancellor, Rishi Sunak, presented his 2021 Budget on 3 March 2021. The extent to which the measures will affect you will depend on your personal circumstances. This report is split for your convenience into three sections: Impact on individuals Impact on the self-employed Impact on small company owners
Opportunities to save tax. Some of the ideas shared in the following check list may provide you with ideas for tax saving opportunities if implemented. This year, more than at any previous time, we need to take advantage of savings as the COVID virus continues to wreak havoc on the UK economy. Actions to take
Year end Tax Planning for Business 2020-21 Read More »
Opportunities to save tax Some of the ideas shared in the following check list may provide you with ideas for tax saving opportunities if implemented. This year, more than at any previous time, we need to take advantage of savings as the COVID virus continues to disrupt the economy. Many landlords have seen significant reductions
Landlord’s tax planning checklist 2020-21 Read More »
Opportunities to save tax. Some of the ideas shared in the following check list may provide you with tax saving opportunities if implemented before 5 April 2021. This year, more than at any previous time, we need to take advantage of savings as the COVID virus continues to impact on the economy and personal finances.
Year-end tax planning for individuals Read More »
Outstanding tax returns Tax returns should now all be hopefully submitted by now, however if your return is currently outstanding you have until the 28th of February to submit to avoid a penalty. Tax payments outstanding Although there has been an extension to the tax return filing deadline, HMRC still charge interest on late paid
February 2021 Newsletter Read More »
Self-employed grant claimsThe third grant claim must be claimed by 29 January so if you qualify do not delay submitting your claim – see https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme Please note that the criteria for claiming has changed slightly since the earlier grants, please read the notes carefully when you submit your claim, most people affected by the lockdown will not have
