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Managing Tension In Remote Teams

Remote working is quite new to most people – so it is inevitable that there may be friction between people from time to time. Remote working presents its own unique set of challenges, such as miscommunication, which can lead to friction between team members. These issues tend to be avoidable when physical face to face […]

Read more January 27th, 2021

Negotiating A New Office Lease

In the current uncertain economic climate, signing up to a new office lease can be a tricky business. One thing is certain at the moment and that is uncertainty. How much office space will you need in 3 to 5 years time? Well, that depends on whether people will want to work remotely or not. […]

Read more January 27th, 2021

Employee Wellbeing In 2021

The pandemic has encouraged most businesses to focus on the wellbeing of their team. 2020 has been a challenging year for all of us. As most businesses were forced to shift to remote working, the importance of employee wellbeing moved towards the top of the agenda. Companies around the world were grappling with the challenge […]

Read more January 27th, 2021

Have You Updated Your Business Plan For 2021?

How to build your 2021 business strategy in the face of uncertainty. We live in uncertain times and planning for the future is challenging. Rather than paying attention to what you can’t do, focus on what you can do. For example, when restaurants couldn’t serve customers indoors, they transitioned to delivery, take-away and outdoor dining. […]

Read more January 27th, 2021

£1 Million Annual Investment Allowances Extended

The Chancellor recently announced that the temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery has been extended to 31 December 2021. The tax relief was originally scheduled to revert to just £200,000 from 1 January 2021, but that will now be delayed by twelve months. Remember that there is […]

Read more January 14th, 2021

Pension Planning

For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers both contributions by the individual and by their employer. Note that the unused allowance for a particular tax year may be carried forward for three years and can be added to the relief for […]

Read more January 14th, 2021

New Year Resolutions To Save Tax

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances for the 2020/21 tax year (currently £20,000 each). You might […]

Read more January 14th, 2021

New VAT Rules For Construction Sector

New VAT rules are finally due to come into effect 1 March 2021 which will impact on accounting for VAT for transactions in the construction sector. These new rules, which were originally scheduled to start back in October 2019, have already been delayed twice as there was a lack of awareness of the changes in […]

Read more January 14th, 2021

Advisory Fuel Rates For Company Cars January 2021

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2020. Where there has been a change the previous rate is shown in brackets. For wholly electric cars there is a 4p advisory rate. However, for hybrid cars use the equivalent petrol or diesel rate. Note that for […]

Read more January 13th, 2021

Time To Review Your Will?

Top of the to do list for many individuals is to make or update their will. Many think this is something to leave until later in life but it is important to get things in place once a property is acquired or when children come along. In the absence of a will, there are statutory […]

Read more January 13th, 2021

Business Support Grants

Following on from the Prime Ministers announcement of a further lockdown with effect from 5 January 2021, there has been a further update to business assistance grants. The Coronavirus grant is for businesses that have been required to close due to national restrictions as of 5 January 2021. A business is eligible if it occupies […]

Read more January 13th, 2021

VAT Post-Brexit Changes To Imports And Exports

Exports If you are a VAT registered person or business and you export goods, from 1 January 2021 all sales of goods to a destination outside of the UK will be classed as Exports and therefore can be zero-rated as long as they meet the normal conditions in VAT Notice 703 Section 3. These include […]

Read more January 13th, 2021