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Bounce Back Loans Update
As part of the Coronavirus Support Schemes, the Government introduced the Bounce Back Loan to support Small Businesses through this most difficult of times. Since the initial announcement there has been a few further improvements made here, so we wanted to make you aware of these, especially as this scheme is coming to an end…
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IR35 ‘Soft Landing’ from 6 April 2021
Today HMRC announced that whilst the delayed IR35 changes will come into effect from 6 April 2021, there will be a ‘soft landing’ as part of their compliance strategy. Whilst many were hoping for a U-Turn or further deferral here due to the unprecedented times, it appears HMRC are looking to implement the planned changes…
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Have you Submitted your Self-Assessment Tax Return? 1.8 million haven’t…
On 25 January 2021, six days before the 31 January 2021 deadline, HMRC announced that if you are unable to meet this deadline, you will not receive a late filing penalty, as long as you file your 2019/20 tax return online by 28 February 2021. However, they encouraged people to still aim to meet this…
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Preparing for a post-pandemic world
How much time have you given to preparing for a post-pandemic world? That may seem a challenging prospect while we find ourselves still in lockdown, with no confirmed end date, but it will come to an end in the not-too-distant future and the economy will start to open up again. So now is the time…
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Brexit Business Guide
A deal has been done, so that there can be trade with no tariffs or quotas. However, this will not be the final position as there will be further negotiations, compromises and late-night negotiations on many topics. For example, the current deal does little for the service industry and this is a topic that will…
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Business Planning 2021
A business plan is an essential part of any business owner’s toolkit and although we’re looking to 2021 with some optimism, the continued uncertainty about when Covid restrictions will end makes strategic business planning more important than ever. When we emerge blinking from over a year of lockdown, some people will bemoan the lost time,…
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Pre-Year End Tax Planning Opportunities 2021
After the 2020 we have had, I am sure many of you are further than you have ever been from being able to put money aside or otherwise reduce your tax. However, we don’t want you to miss out. Therefore, please find below our top ten tips for you to consider to reduce the amount…
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Ten Top Tips For Completing Your Self-Assessment Tax Return
It’s that time of the year again… Tax Return season. It’s like Christmas, only better. Or maybe not. The deadline for filing your 2019/2020 (year ending 5th April 2020) Tax Return online is 31st January 2021, or 20 days away. Payment of your taxes is 31st January 2021, unless your tax liability is in excess…
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2020 Review
Traditional accounting tends to focus on the past, collecting information about what’s happened in order to pay last year’s tax bill. But we prefer to look at what’s going on now for our clients and focus on the future. That’s why we’ve been doing a lot of thinking about what 2021 will bring. The CBI…
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The Black and White Guide to: HR Accounting and Tax: Payslips, Payroll and Pensions
Whether you’re a business owner, head of department, self employed worker or just starting out, there is a whole world of national insurance, tax and employment legislation to navigate. We’ve put together a guide to some of the recent changes and latest practices to follow when employing, rewarding and retaining staff.