Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
If you deferred your VAT payments between 20 March and 30 June 2020 then you need to read the guidance issued by the HMRC which explains how to make payments. The detailed process can be found on – Pay VAT deferred due to coronavirus (COVID-19).
As the lockdown continues businesses are continuing to operate in very challenging conditions as we start the new year. We wanted to share with you a few tips which we hope will help you to manage your business budget as this is essential to maintain financial health for your business.
The Government has announced the changes to the National Living Wage and National Minimum Wage rates for 2021. If you have employees, it is vital to take note of these and ensure that the increases are accounted for within your payroll budget.
After such a challenging year, you may be considering treating your employees to a gift or perhaps arranging a get-together. With the Coronavirus restrictions still in place, you won't be able to have a traditional Christmas party however many businesses are planning virtual events to help boost morale and thank their team for all their hard work this year.
There will be new rules in place for businesses that import and export goods from the EU. Companies based in England, Wales and Scotland will need to complete the following actions shown in the diagrams below so they must be prepared.
The government has announced that they wanted to offer more support to businesses that may be experiencing problems caused by the COVID19 pandemic. Usually, businesses that submit their annual self-assessment tax return would need to pay any tax due to HMRC by 31 January 2021.
There has been a real boost in the housing market over the past six months as a result of the stamp duty holiday. We wanted to explain how this works so that you can take advantage of it if you are looking for a new property either to live in or as a ‘buy-to-let’ investment.
In July 2020 Chancellor Rishi Sunak announced a £2bn Kickstart scheme to create more jobs for young people. This is part of an emergency package to prevent mass unemployment as coronavirus hits the UK economy.
We wanted to give an update on the Job Support Scheme (JSS) which will start on 1st November 2020. Employers need to understand the eligibility criteria, conditions and timescales for making claims.
From first January 2021, there will be new trade arrangements with the EU. Businesses that are registered in Great Britain and trade with the EU and internationally will need to take action so that they are ready for this change.
It's been a while since we have written an update about Making Tax Digital, however, there has been some recent news which we wanted to share with you.
Since the start of the Coronavirus pandemic, the Government has offered support to businesses through several different routes these being, grants, business rate reliefs and also loans with the help of banks.
At the start of the Coronavirus lockdown, the Government announced that they would offer financial support to self-employed businesses that were adversely affected by the pandemic.
There are two main areas that landlords need to be aware of in the coming months. Following lockdown, the lettings market has picked up and good quality properties are being let quickly. This is good news for the industry as a whole.
In our last blog – Tips on managing cash flow – we explained the importance of keeping track of cash flow over the coming months. For many businesses, the most common problem is late payments from customers.
Over the coming months, all businesses will need to keep an eye on cash flow as they recover from the Coronavirus pandemic. They say, 'Cash is King', and this is more important now as we move forward over the next 12-18 months.
As part of the summer statement, Chancellor Rishi Sunak spoke about his plans to create and protect jobs. The 'Plan for Jobs' is a phased plan to help with the economic recovery of the UK.
The government has announced that the Coronavirus pandemic has severely impacted the hospitality and tourism sectors. Therefore, a range of measures was announced by Rishi Sunak on 8 July 2020 which relate to protecting jobs in the sector and also help economic recovery by encouraging people to go out to eat and visit attractions.
Chancellor Rishi Sunak announced a mini-budget on 8 July 2020. This summer statement aimed to outline how the government plans to help businesses to recover following the COVID-19 pandemic. Part of the plan includes helping people to stay in employment and also to create new jobs.
As you know, lockdown is now easing, and in July some businesses such as retailers, hairdressers and restaurants will be re-opening gradually. If you usually work in an office environment, you may be able to go back to work there if you can do so safely.
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When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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