Latest News
Apr 2021 – Changes to the Coronavirus Job Retention Scheme (CJRS)
Changes to the Coronavirus Job Retention Scheme (CJRS) Calculations Government guidance on calculating how much you have to pay your furloughed employees for hours on furlough and how much you can claim back has been updated with new maximum wage tables and claim dates. Calculate ...
Apr 2021 – The Advantages of Digital Accounting Software
Digital accounting software does various accounting and bookkeeping tasks for you, which allows businesses to store your financial data in one place connected via the internet. There are many advantages to having digital accounting software for your business, and Director, Gareth Jones, discusses these advantages ...
Apr 2021 – Innovate to Accumulate
Innovate to accumulate Companies that invent new production methods or products can claim enhanced tax relief for the Research and Development (R&D) costs. Small and medium-sized companies can claim 230% of qualifying R&D costs and a 14.5% payable tax credit if this extra deduction results ...
Apr 2021 – VAT on Digital Services
VAT on digital services UK businesses that sell digital services (such as eBooks or software) to nonbusiness customers in EU countries are now required to register for VAT in each of the EU countries where their customers belong and apply the correct local VAT rate ...
Apr 2021 – Benefits-in-Kind
Benefits-in-kind Many employees were required to work at home in 2020. Their employers may have helped facilitate this by providing equipment or paying to boost their home internet service. Generally, these costs are not taxable on the employee if there is no significant private use ...
March 2021 – Tax Card Data 2021/2022
Please click HERE to access your 2021/2022 Pocket Guide Tax Data which summarises the main tax rates and allowances for the current year ...
March 2020 – Three Days to Save Your SEISS
Taxpayers could be prevented from making further SEISS claims and may face an enquiry if they don't respond to HMRC's email by 22 March. The HMRC sent an email directly to established self-employed traders on 26 February 2021, asking them to prove that they are ...
March 2021 – New Recovery Loan Scheme Available in April
A new loan scheme to support access to finance for UK business as they grow and recover from the disruption of the COVID-19 pandemic. The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to ...
March 2021 – Pay Increase for Millions From April 2021
Millions of UK workers to receive increase in pay from April 2021 following rise in the National Minimum Wage and National Living Wage. The National Living Wage will increase by 2.2 per cent from £8.72 to £8.91, and will be extended to 23 and 24 ...
March 2021 – The 2021 Budget Summary
Budget 2021 – Key points Chancellor Rishi Sunak announced the contents of his Budget this week. Setting out the government's tax and spending plans for the year ahead, he announced new measures to help business and jobs through the pandemic and to support the UK's ...
March 2021 – Excited About Electrics
Excited about electrics The taxable benefit for having an electric company car is currently nil, but from 6 April 2021 the taxable benefit will increase to 1% of list price, and to 2% for 2022/23. Where a business buys a new electric car, it can ...
March 2021 – Prepare for Off-Payroll Working
Prepare for off-payroll working If you provide your personal services through your own company, the way you are taxed may change for contracts performed for large organisations from 6 April 2021, due to the off-payroll working rules. Where your final customer is not small, it ...
