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COVID19

Budget Summary Spring 2021

Chancellor Rishi Sunak presented his much-anticipated second Budget on Wednesday 3 March 2021. There were many rumours of changes that would be implemented, but much of the content concerned maintaining the current position for up to five years causing a fiscal drag to boost tax revenues. In his speech, he stated his Budget ‘meets the […]

Read more March 4th, 2021

Arranging Payment Of Deferred VAT To HMRC

If you opted to defer VAT payments due to HMRC between 20 March and 30 June 2020 and the deferred amounts have not been paid in full yet, you will need to take one of the following actions. You may be charged interest or penalties if you do not use one of the 3 methods […]

Read more February 23rd, 2021

Delivering Remote Training, Effectively

Providing training for your team when they are working remotely can be challenging. Delivering a training session to a room full of people can be difficult enough. Engaging with your audience remotely presents a whole new challenge. The first thing to think about is the delivery method. Your company may already have a webinar or […]

Read more February 17th, 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

Is Your Business Ready For Brexit?

The UK left the European Union on 31 January 2020. The transition period ends on 31 December 2020. The Covid-19 pandemic has dominated the news headlines this year but Brexit is still progressing. During the transition period, the UK remains in both the EU customs union and single market. Until the end of the transition […]

Read more December 21st, 2020

Having Difficult Conversations Remotely

Nobody likes having a difficult conversation with an employee but it’s even more challenging on-screen. In the current environment, many businesses are still working remotely. As we move towards the end of the year, managers will be preparing to have end-of-year review conversations with employees. It’s challenging enough having a review meeting with an employee […]

Read more December 21st, 2020

New Ways Of Working

Lockdown has forced businesses to rethink their office space requirements and how staff will work, in the long term. Prior to the Coronavirus pandemic, most businesses had enough desks or workstations for each and every employee. The remote working revolution that has come about as a result of Covid-19 has forced businesses to rethink their […]

Read more December 21st, 2020

Local Restrictions Support Grant (For Open Businesses)

The Local Restrictions Support Grant (LRSG (Open)) supports businesses in England that have been severely impacted due to temporary local restrictions. Businesses that have not had to close, but which have been severely impacted due to local tier 2 or tier 3 restrictions, may be eligible for LRSG (Open). Eligible businesses may be entitled to […]

Read more December 9th, 2020

VAT Updates For December 2020

VAT deferred due to Coronavirus If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt into the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more […]

Read more December 9th, 2020

Coronavirus Bounce Back Loan

29 lenders have now signed up for the Bounce Back Loan (BBL) scheme. BBL enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of […]

Read more December 9th, 2020

Government Announces Christmas Grant For “Wet-Led Pubs”

Prime Minister Boris Johnson has announced an additional £1,000 Christmas grant for ‘wet-led pubs’ in England in tiers 2 and 3, who will miss out on turnover during the busy Christmas period. Pubs that predominantly serve alcohol rather than provide food, have been asked to make sacrifices over the festive season and will be eligible […]

Read more December 9th, 2020

Third Grant For SEISS

The third grant for SEISS is now open. To make a claim for the grant, your business must have been impacted by coronavirus on or after 1 November 2020. You can make a claim for the third grant if you are eligible, even if you did not make a claim for the first or second. […]

Read more December 9th, 2020

Make A Claim If You Are Working From Home

With more of us working from home there is good news from HMRC that employees can now make a claim for tax relief to cover some of their costs while they are working remotely from home. The previous rule for employees was that there had to be a home working arrangement with their employer under […]

Read more December 9th, 2020

Vaccine Optimism – The End Of Lockdown?

The news is full of stories this week of the UK Government approving the Pfizer vaccine and who will be first to be offered the jabs and how the vaccine will be rolled out and, rightly so, people are more optimistic about the ending of lockdown and a return to some form of normality. The […]

Read more December 9th, 2020

New Penalties For Overclaimed CJRS, SEISS And “Eat Out To Help Out” Grants

HMRC have announced that they will be imposing penalties of up to 100% of the amounts overclaimed on businesses so make sure that your claims are correct. The penalties depend on whether or not the overclaim is the result of a deliberate error and whether or not the disclosure was prompted by HMRC. The penalty […]

Read more December 9th, 2020