Financial gains made on the disposals of residential property will usually trigger liability for a capital gains tax (CGT). The exception to this rule is when you dispose of your main home, thanks to principal private residence relief (PRR).
An update on the coronavirus business support initiatives including the Job Retention Scheme, Job Retention Bonus, Self-employed Income Support Scheme and new Local Lockdown grants.
Many aspects of workplace operations have had to change significantly in response to COVID-19 and social distancing restrictions. You may want to review how, when and where your staff work going forwards but take care to respect employment law and workers rights when changing employee contracts.
If you are VAT-registered and work in building and construction, take note. The introduction of the VAT domestic reverse charge, postponed for 12 months last October, has been put back again.
The COVID-19 lockdown saw a surge in the numbers of employees working from home. Many staff have yet to return to their place of work and may not for some time. We provide the answers to frequently asked questions about tax and working from home expenses.
The fallout from the COVID-19 pandemic is huge and far-reaching. As expected, many businesses are now having to make difficult decisions about whether they can afford to keep their staff on or need to make structural changes. Difficult decisions invariably lead to difficult conversations… but there are things you can do to minimise the pain and emotion that comes with them.
In last Wednesday’s Summer Statement, Chancellor Rishi Sunak announced an innovative new scheme to encourage people to venture back into restaurants and cafés for a meal. RfM has pledged support to the Eat Out to Help Out scheme by giving an extra cash incentive to colleagues who dine out at a participating venue.
If your business has been affected by the coronavirus, you will no doubt be exploring all the options for cutting costs and increasing revenues – including reducing your payroll. But redundancies may not be the best or only way to save money or improve the productivity of your workforce.
So far, 2020 has not gone quite as we expected. We certainly didn’t expect to be launching a new RfM office in the midst of a global pandemic and all the challenges that has brought. But we believe in being proactive and seizing opportunities, and are delighted to announce the launch of our newest office: RfM Manchester.
If you are struggling to pay your second Self Assessment payment on account this month because of the coronavirus, you have the option to defer paying until January 2021.
The lockdown due to COVID-19 has brought particular challenges for trade contractors who provide their services to people in their homes or places of work. Businesses like RfM client Phillip Metcalf Cooling & Heating Services have had to make major changes to ensure the safety of staff and customers when doing essential work. So receiving the news that he’d been recognised as the UK’s No.1 Heating Installer during such a difficult period was especially significant for owner Phillip.
With Lasting Powers of Attorney, you can support a vulnerable loved one with banking, financial and health-related tasks.
The government has announced a new coronavirus grant fund to help small and micro businesses with fixed property costs who are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund.