A summary of the changes announced to increase funding for the NHS and social care budgets from April 2022 The National Insurance (NIC) and dividend tax increases announced yesterday will apply from April 2022 and will be repackaged, in part, as a Levy from April 2023. This Levy will also affect retired persons still […]
Tax increases to fund NHS and social care proposed Read More »
Building Better Futures International Supporting women and children in rural India through training and education programmes. We would like to celebrate the work of Building Better Futures International (BBFI- formerly Friends of the Poor in South India), operating in Tamil Nadu , South India. This small charity was set up by two of our clients
Newsletter of 25 August 2021 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
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
Director’s loans – Take care! Read More »
Can you claim for Self-Employed Income Support? The government recently announced an extension to the Self Employed Income Support Scheme (SEISS). The first grant covered a three month period to 13 July 2020. The second grant will cover the three months commencing 14 July 2020. Those eligible for the first quarter must have claimed SEISS
Self-employed Income Support Scheme – 2nd grant Read More »
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
Chancellor’s Summer Statement 8 July 2020 Read More »
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
July 2020 Newsletter Read More »
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
Tip Sheet: How to keep employees motivated when working virtually Read More »
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
June 2020 Newsletter Read More »
