As a new business owner, there’s no doubt that you’ve already got a lot on your plate. You’re most likely busy chasing down and signing your first clients, hiring, training, and overseeing your employees, and making sure that you’ve got all the suitable systems in place to ensure the success of your business. However, in […]
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In recent years, it seems that more people than ever are turning to the world of entrepreneurship to either supplement or replace their regular 9 to 5 jobs. Massive strides in technology, the internet, and even our knowledge and understanding of the world make doing this considerably less challenging than it once was. However, that […]
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Furloughed members of staff must not work for the employer during the period of furlough. Furlough is from 1 March 2020, so is to be backdated. It will last for at least 3 months and will be extended if necessary. Note that while the scheme is backdated to the beginning of March as it is […]
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This Scheme allows self-employed individuals to claim a TAXABLE grant of 80% of their trading profits up to a maximum of £2,500 per month for the next 3 months (subject to extension). Who is it for; You can apply if you’re self-employed or are in partnership & You have submitted your self assessment tax return […]
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The Government will support businesses by deferring Valued Added Tax (VAT) payments for 3 months. For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. Eligibility All UK businesses are eligible. How to access the scheme This is an automatic offer with no applications required. Businesses will not need to make […]
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Businesses in the retail, hospitality and leisure sectors with rateable values between £15,000 and £51,000 will receive a cash grant of up to £25,000. In other words, you will not pay any business rates in 2020-21 and you will be eligible for a grant of up to £25,000. All businesses in receipt of small business rates relief […]
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COVID-19: Support For Businesses As we all know that the Chancellor had set out a package to support businesses & individuals through this crisis. This includes a package of measures to support businesses including: Job Retention Scheme deferring VAT and Income Tax payments Statutory Sick Pay relief package for small and medium-sized businesses (SMEs) 12-month […]
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Sophisticated scammers are attempting to trap innocent people. Several companies including limited company reclaiming to help businesses to get money from Government speedily in relation to COVID-19. Be vigilant, there is no quick or slow way of obtaining any relief. Government is yet to establish a method for employers to be paid the money against […]
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There is a significant difference between running business accountants in London as a sole trader or as a limited company. Many people may not know it or do not understand it properly. Here in this blog, we will evaluate those differences. Let’s have a look. Accounting and Tax Return Policies Sole […]
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The basic definition of the term is that a Capital Allowance is an amount on which you claim tax relief for the wear & tear of the fixed assets. Nearly all of the business who have some kind of assets in the company can claim for this. Items that can get you Capital Allowance You […]
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