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How To Improve Your Sales Strategy

In today’s challenging trading environment, a good sales strategy is essential. With the world changing at a rapid pace, from both technology as well as current events, you must always be looking for new sources of sales. Talk to existing customers Your current customers are one of your best sources of information. Your existing customer […]

Read more August 25th, 2020

Instagram Stories As A Marketing Tool

Today’s customers are making purchase decisions based on the story behind a particular brand. Instagram’s Stories functionality can allow you to harness this. Instagram Stories allows you to post photos and videos in chronological order to tell a “story”. These posts do not appear in your regular collection of Instagram posts: instead, they disappear after […]

Read more August 25th, 2020

Cultivating Creativity

Creative businesses tend to be successful – just look at Google, Netflix or Amazon. So how do you start cultivating creativity in your business? You can’t force creativity, but the right environment will enable your team to work in new and innovative ways in order to generate imaginative solutions. Business is all about people. Hiring […]

Read more August 25th, 2020

Returning From Furlough

Bringing your employees back from furlough is not a straightforward process. As furloughed employees begin to return to work, business owners and managers need to consider both the practical and emotional aspects of returning to “normal”. The impact of the Covid-19 pandemic has been unprecedented. After several months of lockdown and social distancing, some employees […]

Read more August 25th, 2020

August CJRS Update

As the Coronavirus Job Retention Scheme (CJRS) continues to wind down, from 1 September you will need to do the following: From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. You will still need to pay your furloughed […]

Read more August 24th, 2020

Rumours Of CGT Increases

There has been a lot of speculation in the Press that the Chancellor may introduce radical changes to capital gains tax to start to repay the substantial Government borrowings to support businesses and employees affected by the Coronavirus pandemic. It has been suggested that the current £12,300 CGT annual exemption will be reduced and the […]

Read more August 10th, 2020

High Income Child Benefit Charges Not Valid

A recent tax tribunal has ruled against HMRC who were seeking to raise tax assessments for the High Income Child Benefit Charge (HICBC) for earlier years that had not been reported to HMRC. HICBC is a special tax charge that applies where one member of a couple in receipt of child benefit receives income in […]

Read more August 10th, 2020

Reporting Property Gains Within 30 Days

Since 6 April 2020 where UK residential property is disposed of, the resulting capital gain needs to be reported and the capital gains tax (CGT) paid within 30 days of completion of the disposal. There have been a number of teething problems with the new online reporting system. HMRC stated that there would be no […]

Read more August 6th, 2020

Second Home Buyers And Buy-To-Let Landlords Welcome SDLT Cut

Although the temporary increase in the Stamp Duty Land Tax (SDLT) threshold to £500,000 was aimed at those buying their main residence, it also benefits those buying a second or subsequent property where there is a 3% supplementary charge. Thus, the rate of SDLT on a second home costing up to £500,000 is now 3%. […]

Read more August 6th, 2020

More Details On Hospitality VAT Reduction

When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed clarification. The reduction applies to supplies made between 15 July 2020 and 12 January 2021. HMRC have now set out more details […]

Read more August 4th, 2020

If You Have Claimed The Wrong Amount From CJRS

The government reminds employers that the 31 July is the last day that they can submit Coronavirus Job Retention Scheme (CJRS) claims for periods ending on or before 30 June. Employers can now submit claims for periods starting on or after 1 July. See: https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme If you have claimed too much or not enough from […]

Read more July 30th, 2020

New Plans Ensure Internal UK Trade

The UK government has laid out plans to deliver on its manifesto commitment to ensure businesses across the whole of the United Kingdom will continue to enjoy seamless internal trade, as they have done for centuries, when we leave the Brexit transition period at the end of the year. From 1 January 2021, powers in at least 70 policy areas previously […]

Read more July 20th, 2020

CJRS – Individuals You Can Claim For Who Are Not Employees

The Government has issued further updates to the Coronavirus Job Retention Scheme (CJRS) regarding individuals you can claim for who are not employees. From 1st July “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the Government and […]

Read more July 15th, 2020

Eat Out To Help Out

HMRC has opened registrations for the Eat Out to Help Out Scheme from 13 July 2020. Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat Out to […]

Read more July 14th, 2020

5% Reduced VAT Rate

Reduced VAT rate for hospitality, holiday accommodation and attractions. The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply to supplies that are […]

Read more July 14th, 2020