Newsletter

Director/shareholders have a unique position with their companies for tax purposes. Usually, they can decide when and how to withdraw funds from their business, but these withdrawals can have unforeseen tax effects. Salaries and dividends If amounts drawn are salaries or dividends the tax implications can be planned for and will form part of the […]

Business Bounce Back Loans – what are they and should you apply for one? Since the scheme launched in May 2020 (just 3 months ago), more than 860,000 bounce back loans have been issued. This means that thousands of small businesses who are struggling due to the coronavirus have applied for and received financial help;

Rishi Sunak announced further measures to support jobs and business sectors severely affected by the COVID outbreak. Grants and reliefs offered included support for: employment, the beleaguered hospitality and tourism industry and included green initiatives as well as a novel scheme to get us to eat out in August. The expected reduction in VAT was

Self-employed income support scheme Have you claimed the SEISS grant? The first grant under the SEISS has to be claimed by 13 July 2020, so if you believe you are eligible on the basis that you have been adversely affected by coronavirus on or before 13 July 2020 then you should submit your claim without delay. The second grant

Working virtually for a day or two is often a welcome relief from the noise and distractions of the office. But after a while, as sure as the sun rises in the morning, the novelty will wear off. This tip sheet is there to help you keep your staff happy, healthy and motivated regardless of

Now that we are two months beyond the end of the tax year, it is time to start preparing tax returns for last year as most details should be available from employers, banks and brokers. So why not make the most of your time whilst travel and social activities are restricted and get ahead with

Sadly, lockdown doesn’t seem to be ending soon. This means that we are going to be seeing more pressure on the economy and the chances of this being a 12-week blip to the economy with a large bounce back are getting less and less as lockdown trundles on. Do remember that we are there to

There has been a raft of support measures for businesses which hopefully by now people have been making use of where appropriate, however there are on-going changes so this is just a brief round up on the main governemnt support currently available: The Coronavirus Job Creation Scheme – this enables staff to be furloughed with 80%

Whilst we appreciate that much tax year-end activity is no longer relevant or appropriate in the current circumstances, the usual issues may benefit from consideration: Payment of pension contributions prior to year-end to maximise reliefs – reduction in profits next year due to trading circumstances may mean higher tax relief available in the current year;