Are you missing out on a tax-free payment from the government? R&D tax credits allow you to offset the cost of R&D activity against your tax bill and also receive a cash lump sum on top. If your business is eligible, you could receive a payment from HMRC within 28 days of making a claim.
Being a good accountant is not about having an aptitude for numbers or knowledge of tax legislation. It is about getting to know a client and their business so that you can give sound advice that adds value and supports their aims. The team at RfM Morecambe & Lancaster and RfM South Lakes are committed to this approach (which we call + more). Meet them here.
Our clients and other companies are reaching out to RfM to help them to navigate their way through the crisis with their businesses intact. In the spirit of + more, we are doing what we can, where we can, to help them through.
Here we share news and tips to help keep your payroll service running smoothly – so everyone is happy come payday!
Back in April, the government announced financial support for the self-employed in the form of free, taxable grants to be paid in June. It is now time to check whether you are eligible to make a claim when applications for the Self-employment Income Support Scheme open from 13 May.
The latest of the government’s financial support initiatives is set to launch next Monday 4 May. The Coronavirus Bounce Back Loan Scheme will help small and medium-sized businesses to apply for loans of up to £50,000.
Have you been unable to access business funding via the CBILS? We have an introductory relationship with one of the UK’s largest independent finance brokers who may be able to source an alternative finance solution to keep your business running.
HMRC have revised their guidance notes on the Job Retention Scheme. Here are the key updates giving clarity on who can be furloughed plus what you can (and cannot) claim for.
We have compiled a directory of lenders involved in the government-backed Coronavirus Business Interruption Loan Scheme including links to the relevant pages of their websites.
Many businesses are adapting their offer to meet the changing needs of their customers, and that includes us. In response to the many queries we have been receiving from employers, we have launched an affordable HR support package exclusively for RfM clients.
In such uncertain times, we feel privileged that our clients have turned to us as trusted advisors across all the services we offer at RfM. We have been urged by a number of grateful clients to spread the word about our Will review service and encourage others to consider what we usually don’t think about.
We now have more details about the support measures that have been announced for businesses and the self-employed affected by the coronavirus situation.
6 April is the start of the new tax year and the date when changes to tax rates and allowances usually come into effect. The start of the 2020-21 tax year brings changes to the Employment Allowance, the National Minimum Wage and statutory payments.
In light of the new restrictions announced on Monday evening, all our offices are now closed temporarily. Be reassured that we are still here and committed to supporting you throughout this difficult and unprecedented situation.
We have had a considerable number of enquiries from clients regarding the support available to help them deal with the impact of Covid-19 on their businesses. Here are some of the key support measures that you may wish to consider – some of which you can act on now!