The Government’s Recovery Loan Scheme (RLS) launched on the 6th of April 2021 and allows businesses of any size to get up to £10million...
Covid-19 support – HMRC gives Self Assessment taxpayers more time
Thankfully, HMRC recognises the pressure faced this year by Self Assessment taxpayers and their agents. COVID-19 is affecting the capacity of some ag...
Tax relief for Christmas Parties
An employer may spend up to £150 per head (inclusive of VAT) per year, in providing annual functions and events to entertain its staff....
Covid-19: Dealing with redundancies correctly
Due to the Coronavirus pandemic, it could force companies to make redundancies....
Guidance on SEISS turnover test issued by HMRC
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. HMRC will contact those traders that may b...
The fifth Self-Employment Income Support Scheme grant
The fifth (and final) Self-Employment Income Support Scheme grant SEISS grant will be available for the self-employed to claim towards the end of Jul...
Furlough grant reduces to 70% for July
For the month of July the CJRS Furlough grant support from the government via HMRC reduces to 70% of the employee’s usual pay for hours not wo...
The impact of COVID-19 on Furnished Holiday Lets
The COVID-19 pandemic and associated lockdown measures have caused a significant impact on businesses including Furnished Holiday Lets (FHL)....
New enhanced loss relief rules may result in extra tax refunds
New enhanced loss relief rules may result in extra tax refunds: In the March Budget it was announced that the normal one year carry back for trading l...