Latest News
Apr 2020 – Gov-backed Loans for Small Businesses
New 100% government backed loans for small businesses Businesses will be able to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form.Small ...
Apr 2020 – Business Update – CJRS/CBILS
I hope everyone is keeping safe and well. We are working hard at Clarke Nicklin to help all our clients with a wide variety of matters linked to the Pandemic and lockdown. The Coronavirus Job Retention Scheme and the Coronavirus Business Interruption Loan Scheme are ...
Apr 2020 – Job Retention Scheme Update – 14th
We are in the process of preparing for the required filings for Job Retention Scheme claims to HMRC and ensuring we are in a position to assist you with this. In addition, even if the Job Retention Scheme isn’t relevant for you, this is useful ...
Apr 2020 – Business Update – 09th
I hope you are all keeping safe and well. We are all awaiting a Government update on the view of the position regarding lock down, although I am sure the vast majority of you are the same as me in thinking we wont see the ...
Apr 2020 – Business Update for Payroll Clients
Update for Our Payroll Clients We are conscious that from the many queries received by our Partners, Managers and payroll staff, understandably the Job Retention Scheme has become a key factor for many of our clients in implementing measures to deal with the very significant ...
Apr 2020 – Business Update – Job Retention Scheme
Job Retention Scheme – Some Practical Points Hopefully you have all received the previous updates sent out on the Job Retention Scheme when information on the scheme was published or being updated, or to provide some clarification when appropriate. We seem to be in a ...
Apr 2020 – Prepare for off-payroll working
If you provide your personal services through your own company to large or medium-sized organisations, the way you are taxed may change for payments from 6 April 2020, due to the off-payroll working rules.Where your final customer is not small (it is large or medium-sized), ...
Apr 2020 – ‘Making good’ benefits
Where an individual receives a benefit from their employer they can avoid being taxed on it if they ‘make good’ the value of benefit by reimbursing the employer. There are strict time limits for doing this.All reimbursements of taxable nonpayrolled benefits for 2019/20 must be ...
Apr 2020 – ISA nice idea
You can save for retirement in a number of ways. The traditional route is via a pension scheme, but you could also use an ISA.Savers aged under 40 can open a Lifetime ISA and contribute up to £4,000 per year, which attracts a 25% bonus ...
Apr 2020 – Max out your state pension
Individuals who reach State Pension Age (SPA) on or after 6 April 2016 need to have accrued 35 complete years of National Insurance Contributions (NIC) to receive the full state pension. To receive any UK state retirement pension, you need at least ten complete NIC ...
Mar 2020 – Business Update – 31st
There have been no updates of any note issued by the Government which would affect clients over the last few days. We have heard, however, that whilst not officially announced, HMRC have apparently indicated that, Company Directors can be furloughed even though they may still ...
Mar 2020 – Business Update – 30th
Over the weekend, there have not been any further provisions or detail provided affecting businesses and individual finances, and so for todays update, a summary of some considerations Directors may be faced with is provided. Clearly there are many areas Directors and business owners are ...
