HMRC collected £1.4 billion in fines and penalties in the year to 31st March 2020. These are entirely avoidable penalties for late tax returns, unpaid tax etc. Companies House also collected millions in late filing penalties. To be forewarned is forearmed, so it is good to know the range and scope [...]
Key dates We have put together all this year’s key accounting and tax dates in one place, so you do not have to searching! Stay organised and view our 2021 Key dates page today! Click here. Factsheets Check out our latest factsheets to help your business today! Click here. Past Covid-19 [...]
One of our most frequently asked questions is “Can I give shares to key employees? And what are the tax implications of this?” Why do you want to do this? The answer is yes you can give your employees shares, but before we investigate how, we should look at your reasoning [...]
Happy New Year everyone I cannot think of a more challenging way of starting a new year than with a total national lockdown. Running a business just got a whole lot harder. That said, we are a nation of entrepreneurs and I know this will not stop us getting out there [...]
I cannot think of a more challenging way of starting a new year than with a total national lockdown. Running a business just got a whole lot harder. That said, we are a nation of entrepreneurs and I know this will not stop us getting out there and doing great business. [...]
Company cars are an easy target for HMRC – people need a car, and they often desire an expensive one! So maybe it’s time to ditch the petrol and diesel and think about going electric…here we help you consider whether an electric car would be more beneficial for you. Traditionally, the [...]
Whether you are a professional or a reluctant landlord, many people are unsure of the tax implications of owning their property in a limited company and whether this would work out more financially beneficial for them. The answer is, as it usually is, that it depends on your personal circumstances and [...]
COVID-19: Furlough scheme extended until end of April The Coronavirus Job Retention Scheme has been EXTENDED until April 30th, 2021. The scheme includes the government paying up to 80% of staff wages capped at £2,500 a month. We will keep you informed on more information on this as soon as we [...]
HMRC want all people you “employ” to be on your payroll and for taxes to be deducted from them at source and paid over each month. The reality is more complicated. More and more people are demanding flexible working and do not necessarily want to be tied into a traditional employee [...]
Treasury to discuss COVID-19 grant for company directors Reports suggest that the Government will be meeting with the 2 million company directors that were unsupported by COVID -19 funding schemes. The Government is now putting together a grant-based rescue plan for the directors. This scheme aims to support entrepreneurs who rely [...]
