Apr 2020 – Max out your state pension

Individuals who reach State Pension Age (SPA) on or after 6 April 2016 need to have accrued 35 complete years of National Insurance Contributions (NIC) to receive the full state pension. To receive any UK state retirement pension, you need at least ten complete NIC ...

Mar 2020 – Business Update – 31st

There have been no updates of any note issued by the Government which would affect clients over the last few days. We have heard, however, that whilst not officially announced, HMRC have apparently indicated that, Company Directors can be furloughed even though they may still ...

Mar 2020 – Business Update – 30th

Over the weekend, there have not been any further provisions or detail provided affecting businesses and individual finances, and so for todays update, a summary of some considerations Directors may be faced with is provided. Clearly there are many areas Directors and business owners are ...

Mar 2020 – Business Update – 27th

Yesterday evening the Chancellor announced the expected and unprecedented provisions to support the self-employed through the main period of the effects of the Coronavirus Pandemic. The intention of the new provisions are to provide some level of equalisation between employees covered by the Job Retention ...

Mar 2020 – Business Update – 26th

I hope everyone received the detailed Q&A summary for the Job Retention Scheme yesterday, which still remains a key provision of most interest from the government measures introduced. If you didn’t receive this, please contact us so that can be sent on. As the summary ...

Mar 2020 – Support for Employers

Coronavirus:Support for employers (as at 24 March 2020) Q: What support has the UK government announced for employers / employees? • On Friday 20 March 2020, the UK government announced a range of measures to help employers and employees as a result of the COVID-19 ...

Mar 2020 – Business Update – 25th

I hope those of you who can have some small level of normal working at home are settling into it, and for others that a certain level of operation that can continue. We are very aware that the business closure list has affected a great ...

Mar 2020 – Business Update – 24th

"As you will have seen already, as a firm we are ensuring we are providing daily updates to clients with regard to matters which may affect you and your business as a result of the COVID-19 (coronavirus) pandemic. Should key matters change or further clarification ...

Mar 2020 – We’re Here to Help Your Business

We are conscious that many businesses and individuals could be affected by the situation, and we want to ensure every client knows that they should contact us if they have concerns over their business, or want to obtain further information on the provisions being rolled ...

Mar 2020 – How the government plans to help small businesses during Covid-19 outbreak

Covid-19 – Emergency measures announcedIn the last few days, the Government has made major announcements about help for small businesses and individuals affected by coronavirus. Below is a summary of the significant points, although details are awaited as to how some of these schemes may ...

Mar 2020 – Budget Update

As the 2020 Budget was revealed yesterday, here are some important snippets from what was decided... Pensions- Call for evidence on pension tax administration: those earning around or below the level of the personal allowance and saving into a pension may benefit from a top-up ...

Mar 2020 – Money for your miles

If you use your own car for a business journey, perhaps to travel to a customer, you can claim mileage expenses for that journey. Many employers pay the full taxfree amount of 45p per mile, which drops to 25p for miles in excess of 10,000 ...