New £500 Self Isolation Grant Amid the recent announcement of tougher restrictions across the UK, the Government has set up a new self isolation grant to help support those who need financial help while they self-isolate. We are now told to go into a 14-day quarantine if we have been notified by the NHS Test […]
The Chancellor, Rishi Sunak, announced a VAT payments deferral on 20 March to support businesses suffering with cash flow problems during the COVID-19 pandemic. If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to: • defer the payment until […]
Covid-19 Birmingham City Council Business Rates Grants Birmingham City Council have approximately 16,000 business which may be eligible and are adopting a pragmatic, risk-based approach top payment of the Business Rates Grants. This involves making payments directly to business bank accounts via BACS and carrying out pre-validation checks. This targeted approach enables payments to some […]
25/03/2020 As you may be aware, the government have released many new packages designed for both small and large UK businesses being affected by the coronavirus pandemic. Along with HMRC, they are currently working to establish systems for their outlined schemes, detailed below. They have also recently indicated more support specifically for self-employed and freelancers, […]
Employment Allowance Changes- April 2020 From 6 April 2020 you will only be able to claim EA (Employment Allowance) if your Class 1 National Insurance bill was below £100,000 in the previous tax year. Before making a new claim From April 2020 you’ll need to make extra checks (explained below) to find out if you’re eligible […]
If you’re married, you may be entitled to receive £1,150 from HMRC! Over 2.4 million qualifying couples miss out on this – check below to see if you are eligible. This works by allowing you to transfer £1,250 of your personal allowance (the amount you can earn tax-free each tax year) to your spouse, if […]
Almost 1 million people were late in filing their tax return this year, and 26,562 people filed in the last hour! Although over 11.1 million taxpayers managed to file theirs on time, it is estimated that the total fines could be over £10,000,000 this year due to late filers. On the other hand, less people […]
If you have strong sales but still find yourself with cash flow pressures, a solution could be shortening the amount of time it takes to collect your outstanding invoices. This can be achieved by: The first step to reduce your accounts receivable days (the amount of days that it takes to get paid for invoices issued) is […]
Are you stressing about the tax return deadline? These four tips could make things easier for you. New year, new me. New year’s resolutions are how we try to change for the better, so our year doesn’t seem so bleak. Resolutions like, to lose weight, live life to the fullest, be more organised…making sure you […]
Choosing the right company structure for your business can be a confusing decision to make as a startup. The choice you make can have lasting legal and tax implications for your business, so it is important that you have all the knowledge and advice you need to help you to make the best-informed decision for […]
