How to prepare for the Off Payroll Working (IR35) changes in April 2021 [CHECKLIST]

The government looks set to go ahead with the changes to IR35 for the private sector from April 2021, and from this date onwards, the responsibility for determining the IR35 status of any contractor role will pass to the end-client. This means that contractors will no longer have control over the process by which their … Read More

Amy FowlerHow to prepare for the Off Payroll Working (IR35) changes in April 2021 [CHECKLIST]

February Small Business Update

This month, there are a few different news items which are of interest to small business owners. Take a look below. Grant from local authorities (Local Restrictions Support Grant) If you own a business with rateable premises on which you pay business rates, you may be eligible for a grant from your local authority if … Read More

Amy FowlerFebruary Small Business Update

Brexit and VAT – what are the changes from 1 January 2021?

You may be wondering what changes, if any, might affect you from 1 January 2021. If you provide consultancy services, there is little to no change, and just the first few paragraphs here will be relevant. Here is a summary of the main points. Services Services provided to businesses or individuals outside the UK If … Read More

Amy FowlerBrexit and VAT – what are the changes from 1 January 2021?

How can I get the best deal on Professional Indemnity Insurance?

Professional Indemnity Insurance (PII) is essential for protecting you against the cost of legal actions for negligence. However, PII is becoming an increasingly higher cost for businesses. Why is PII so costly? Over the past few years, the insurance industry has suffered huge losses due to the Grenfell tragedy and as a result of FCA … Read More

Amy FowlerHow can I get the best deal on Professional Indemnity Insurance?

Coronavirus Update – UK Government financial support October 2020

Coronavirus Update - UK Government financial support

Financial and other help from the Government: Update October 2020 There have been a number of recent updates on financial and other help available from the Government due to Covid, so we thought it might be useful to provide you with a summary of the things that could be important to you. You may already … Read More

Amy FowlerCoronavirus Update – UK Government financial support October 2020

Coronavirus Job Retention Scheme Closes on 10th June

Making Tax Digital

If you have stopped working due to the Coronavirus, and you paid yourself salary in 2019/20, you may wish to consider furloughing yourself and claiming a grant from HMRC under the Job Retention Scheme. The scheme is available to directors and employees. You must not carry out any work for the company whilst on furlough … Read More

Amy FowlerCoronavirus Job Retention Scheme Closes on 10th June

Coronavirus UK Government financial support – update

Here is the latest detailed update from our accountants regarding the Government support packages that are available to anyone whose work or business is affected by coronavirus. The information is based on our current understanding of the guidance issued, which seems to be changing daily! If additional facts come to light or are published which … Read More

Amy FowlerCoronavirus UK Government financial support – update

Coronavirus UK Government financial support – what is available?

Here is our next update on financial help available from the Government during the time of coronavirus. The following is our understanding of the various schemes available, based on the information published to date. It should not be relied on for advice at this stage but is intended to give an indication of how they … Read More

Amy FowlerCoronavirus UK Government financial support – what is available?

Filing your tax return for 2018-2019

On 26th March the government announced a package of support for self-employed workers in the UK whose businesses are affected by the lockdown imposed as a result of the coronavirus pandemic. The package offers a taxable grant worth 80% of trading profits up to a maximum of £2,500 per month for the next 3 months, … Read More

Amy FowlerFiling your tax return for 2018-2019

What is the COVID-19 Self-Employment Income Support Scheme?

Source: HMRC The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may … Read More

Amy FowlerWhat is the COVID-19 Self-Employment Income Support Scheme?