Mar 2020 – Business Update – 27th

Yesterday evening the Chancellor announced the expected and unprecedented provisions to support the self-employed through the main period of the effects of the Coronavirus Pandemic. The intention of the new provisions are to provide some level of equalisation between employees covered by the Job Retention ...

Mar 2020 – Business Update – 26th

I hope everyone received the detailed Q&A summary for the Job Retention Scheme yesterday, which still remains a key provision of most interest from the government measures introduced. If you didn’t receive this, please contact us so that can be sent on. As the summary ...

Mar 2020 – Support for Employers

Coronavirus:Support for employers (as at 24 March 2020) Q: What support has the UK government announced for employers / employees? • On Friday 20 March 2020, the UK government announced a range of measures to help employers and employees as a result of the COVID-19 ...

Mar 2020 – Business Update – 25th

I hope those of you who can have some small level of normal working at home are settling into it, and for others that a certain level of operation that can continue. We are very aware that the business closure list has affected a great ...

Mar 2020 – Business Update – 24th

"As you will have seen already, as a firm we are ensuring we are providing daily updates to clients with regard to matters which may affect you and your business as a result of the COVID-19 (coronavirus) pandemic. Should key matters change or further clarification ...

Mar 2020 – We’re Here to Help Your Business

We are conscious that many businesses and individuals could be affected by the situation, and we want to ensure every client knows that they should contact us if they have concerns over their business, or want to obtain further information on the provisions being rolled ...

Mar 2020 – How the government plans to help small businesses during Covid-19 outbreak

Covid-19 – Emergency measures announcedIn the last few days, the Government has made major announcements about help for small businesses and individuals affected by coronavirus. Below is a summary of the significant points, although details are awaited as to how some of these schemes may ...

Mar 2020 – Budget Update

As the 2020 Budget was revealed yesterday, here are some important snippets from what was decided... Pensions- Call for evidence on pension tax administration: those earning around or below the level of the personal allowance and saving into a pension may benefit from a top-up ...

Mar 2020 – Money for your miles

If you use your own car for a business journey, perhaps to travel to a customer, you can claim mileage expenses for that journey. Many employers pay the full taxfree amount of 45p per mile, which drops to 25p for miles in excess of 10,000 ...

Mar 2020 – Changes to CGT on private residences

On 6 April 2020 capital gains tax (CGT) on property sales will be subject to some new rules which may have a significant effect on the amount of tax you pay and the date you have to pay it. Contrary to popular belief, the profit ...

Mar 2020 – Payroll

Most employees, with very limited exceptions, must be paid at least the National Minimum Wage (NMW) or the National Living Wage (NLW). These hourly rates vary according to the age of the worker, so it’s crucial to keep a sharp eye on the birthdays of ...

Mar 2020 – Be prepared for change

The Conservative Government now has a healthy majority which will allow it to change the tax law as it wishes, with little effective opposition. The tax and economic changes to be announced in the Budget Statement on 11 March 2020 could be dramatic.For example, the ...