The Recovery Loan Scheme was launched on 6 April 2021 to provide businesses with extra financial support to help them to accelerate recovery post-COVID19. This article explains how the Recovery Loan Scheme works and who can apply.
A few changes are coming up that you need to be aware of if you are a landlord or property investor. Here are three that have been recently announced which may impact you.
In the Spring Budget, schemes were put into place to support employers, help people remain in employment and create new jobs. Two of the schemes are summarised below for employers.
We work with a lot of clients, helping them with their personal taxes. There are many different ways to reduce their tax liabilities if they take full advantage of the various allowances.
As we approach the end of the tax year, we thought it would help write an article explaining how dividends are distributed within a Limited company. If you have recently set up a limited company, it will be helpful for you to understand the process thoroughly.
In last month’s blog – Accountancy services for property investors, we explained how we work with property investors and landlords to manage their tax liabilities and offer support if they decide to set up a limited company to manage their portfolio.
In March 2021 the Chancellor Rishi Sunak announced the Spring Budget. We have summarised some of the key points that will be of interest to landlords and property investors.
Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech, he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people'.
There is only a month left before the stamp duty break comes to an end on 31 March 2021. If you are in the process of buying property for your 'buy-to-let' portfolio, you will need to ensure that the paperwork is completed by this deadline. Conveyancing teams and surveyors are under a lot of pressure to get the process pushed through in such a short space of time.
Property Investing is a hot topic at present; with the HMRC squeezing private landlords’ profits and tax deductibility, investors are looking for alternatives in the way they run their property portfolios.
We wanted to update you about the VAT Domestic Reverse Chare scheme as this is being enforced from 1st March 2021. We have previously written articles about this, and you may want to refer back to these for more background and how this will impact your business.
As you know the deadline for filing your self-assessment tax return is due on 31 January 2021. With just a few days to go before the deadline, HMRC has announced that they will waive any late filing penalties if the tax return can be completed and submitted before 28 February 2021.
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.
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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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