The latest accounting and tax news

24th March 2022 / Government Updates

The Chancellors Spring Statement

The Chancellor, Rishi Sunak, has released his Spring Statement. In this blog we highlight some of the key points that may affect you:

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4th May 2021 / Tax

Why does my accountant keep chasing me for VAT invoices?

Does it incense you when your accountant keeps chasing you for VAT invoices when your VAT return is due? We are continuously advising our clients that, when you are VAT registered, there are specific elements that need to be included on sales invoices. We also need a VAT receipt or invoice if you are claiming VAT on expenses. We promise there is a good reason for this persistence - we'll try to offer a bit of clarity on the process.

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4th May 2021 / Tax

The 4th SEISS Grant is now open

The portal for the fourth Self-Employed Income Support Scheme grant, or SEISS, is now open. HMRC will be getting in touch with you if you're eligible, in the meantime, there are some other factors that you might want to keep in mind.

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23rd April 2021 / Tax

The Super Deduction and how it benefits businesses

If you buy plant or machinery for your company, then this might be of some interest to you. In response to a drop in the number of businesses investing the Government has introduced a tax relief which they hope will improve the UK's economic growth.

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23rd April 2021 / Core Accounting

How much dividend can I take?

There are certain things you need to keep in mind when paying dividends. It is actually a more complex area than is generally realised. We're going to look at some points that should be considered.

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21st April 2021 / Tax

How much should I pay myself as a Director?

If you're setting up a limited company you're going to have to decide how much you should pay yourself as a director. This might lead to a lot of questions about salary and the ways in which different amounts could benefit you or impact tax liabilities. We've put together a quick summary of things you could consider.

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13th April 2021 / COVID-19 Updates

Everything you need to know about the Recovery Loan Scheme

If you’re a UK business that has felt the impact of Covid-19, then it’s worth looking into the recently announced Recovery Loan Scheme which launched on April 6th this year. It’s designed to give you access to Government-backed loans from accredited lenders and it runs until 31st December 2021.

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12th April 2021 / COVID-19 Updates

Furlough claims from May 1st 2021

Here we have an update for businesses on claiming furlough from May 1st 2021. This information will be particularly useful for anyone who has made new appointments this calendar year before the 2nd of March or if they have transferred employees and the TUPE or PAYE business succession rules apply to change in ownership.

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8th April 2021 / Brexit

Are you eligible for the Brexit Support Fund?

A grant of up to a maximum of £2,000 is available for SME businesses who have incurred Brexit related costs for training or professional advice to help you deal with import/ export VAT, customs excise or safety and security declarations.

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7th April 2021 / Tax

Important changes to the UK National Minimum Wage

As of April 1st, the national minimum wage has increased impacting businesses and millions of UK workers. As always the amount per hour the individual will get varies depending on age. Here are some of the important factors employees need to keep in mind when considering the changes.

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