The pace of the Self-Employed Income Support Scheme (SEISS) roll-out, combined with changes to the rules along the way, could lead to claim errors. Here’s a helpful checklist to ensure you are paid the right amount.
Having Lasting Powers of Attorney can be most valuable for those everyday, seemingly ordinary tasks that your elderly loved ones may need help with, from someone they trust.
Two major changes for Construction companies – designed to tackle VAT fraud and abuse of the CIS scheme rules – have now come into effect.
Do you know where every item you need to bring your product to market comes from? Can you trace every step of its journey to you, from raw materials to finished goods? Which roads, whose lorries, which warehouse? We explain why supply chain mapping is a useful tool for smaller businesses.
Research shows that almost two thirds of UK adults don’t have a Will. That’s not to say they don’t know the importance of having one; it’s often just that they haven’t got around to it yet. Sadly, putting it off until tomorrow could mean your loved ones lose out on what you hoped to leave them in the future.
Government concern about abuse of SME R&D tax credits has resulted in a cap on the amount of relief that can be claimed in any period. We look at what this could mean for smaller businesses.
Making Tax Digital (MTD) is at the heart of the government’s vision to transform tax administration. We’ve already got MTD for VAT and, following the recent consultation process, Making Tax Digital for Corporation Tax is on its way.
You may have already made use of your Business Tax Account (BTA) – for example, in connection with Making Tax Digital for VAT – but not yet had the chance to explore it fully. HMRC is currently encouraging businesses to log on and discover all the ways they can use their online account.
Despite having now passed the 1-year anniversary of the first UK lockdown, many businesses continue to feel the financial impact of coronavirus. There are still a number of financial support schemes available to help businesses and the self-employed stay afloat and ‘bounce back’ once restrictions are lifted. Here’s a summary of the key business support schemes.
In his Budget 2021 speech, the Chancellor announced that the furlough scheme would be extended once more until 30 September 2021. This will be welcome news to the many businesses who have claimed support under the scheme to pay their staff and protect jobs. Here is an up-to-date summary of the extended scheme.
In his Budget speech, Chancellor Rishi Sunak announced a new ‘super-deduction’ for companies that invest in qualifying new plant and machinery between 1 April 2021 and 31 March 2023. But what does that mean in practice? Put simply, for every pound a company invests, their taxes will be cut by up to 25p.
Improving your HR function gives you the peace of mind that you are compliant without the administrative hassle. However, as many HR providers gear their services toward larger companies, you could find yourself locked into an expensive long-term contract for services you don’t need and will never use.
It is common practice for couples to leave everything to each other in their Wills, with the estate passing on to their children when the surviving partner dies. However, this arrangement – known as Mirror Wills – may not protect your children from losing their inheritance in the future.
The government has announced that businesses who took out Bounce Back loans to get through the pandemic will have greater flexibility to pay back what they borrowed. Pay as you grow will allow borrowers the option to tailor payments according to their individual circumstances and delay repaying for a further 6 months.