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08-04-2020
Prepare accounts quickly

Prepare accounts quickly

As most self-employed readers will be aware, Self-Assessment tax and NIC payments on account are based on profits earned in the previous tax year and balancing payments due are not ... Read More

08-04-2020
What is solvency?

What is solvency?

During periods when demand for your goods and services drop – for example, if your business has been closed down or adversely affected by the recent COVID-19 outbreak – ... Read More

03-04-2020
Changes announced to Coronavirus Business Interruption Loan Scheme (CBILS)

Changes announced to Coronavirus Business Interruption Loan Scheme (CBILS)

Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and loans – without the Government's 80% ... Read More

01-04-2020
Tax Diary April/May 2020

Tax Diary April/May 2020

1 April 2020 - Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 - PAYE and NIC deductions due for month ended 5 April 2020. (If you pay your tax ... Read More

01-04-2020
Directors – between a rock and a hard place

Directors – between a rock and a hard place

Directors that have drawn remuneration from their companies as a mix of low salary and higher dividends would seem to be overlooked by the schemes announced in the past two weeks ... Read More

01-04-2020
Coronavirus tax payment helpline

Coronavirus tax payment helpline

The phone number for the COVID-19 helpline launched earlier this month has been changed to 0800 024 1222. Calls to the previously published number will be redirected. The launch of ... Read More

01-04-2020
Working Tax Credits increased for one year

Working Tax Credits increased for one year

As part of the package of measures to tackle the Coronavirus outbreak, the government has announced that the basic element Working Tax Credit payments will be increased from an ... Read More

01-04-2020
Relaxation of phone contracts during COVID-19 outbreak

Relaxation of phone contracts during COVID-19 outbreak

An interesting joint statement from the Government, Ofcom and the telecommunications industry has been published to help offer support to vulnerable consumers and those who may ... Read More

01-04-2020
Further details on Coronavirus Job Retention Scheme

Further details on Coronavirus Job Retention Scheme

HMRC has published further details on how the new Coronavirus Job Retention Scheme will work in practice. It had already been announced that the new scheme will see the government ... Read More

01-04-2020
Coronavirus – relaxation of insolvency rules

Coronavirus – relaxation of insolvency rules

New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, to continue trading and not be forced to file for ... Read More

01-04-2020
Coronavirus deferral of VAT payments

Coronavirus deferral of VAT payments

In another move to help businesses the government announced that VAT registered businesses can defer any VAT payments due between 20 March 2020 and 30 June 2020. There is no ... Read More

01-04-2020
Contactless payment limit increased

Contactless payment limit increased

The spending limit for contactless card payments has been increased from £30 to £45 effective 1 April 2020. The change in the limit had been under consideration and has ... Read More

01-04-2020
Financial support for exporters

Financial support for exporters

There is a special financial support targeted specifically at exporters. This is in addition to the package of government-backed and guaranteed loans and other measures designed ... Read More

01-04-2020
Businesses and employers in Northern Ireland

Businesses and employers in Northern Ireland

The Northern Ireland Office (NIO) is a UK government department responsible for Northern Ireland affairs. The NIO seeks to ensure the smooth working of the devolution settlement in ... Read More

01-04-2020
Removing your home address from the public register

Removing your home address from the public register

Company directors, company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from the UK’s official company ... Read More