SEISS – the net widens
One aspect of the recent budget will please self-employed business owners that have previously been unable to claim under the Self-Employed Income Support Scheme (SEISS) as they commenced trading after 5 April 2019. As long as you submitted your self-assessment tax return for 2019-20 before midnight 2 March 2021, and you meet the other qualifying […]
Summary of spending review 2021-22
A summary of the business elements of the recent Spending Review for next year are set out below: Continuing the UK’s recovery from coronavirus The Spending Review has set out the government’s intention to maintain support to protect jobs, businesses and livelihoods, while stimulating the UK’s economic recovery. In the Spending Review the government has […]
Tax Diary December 2020/January 2021
1 December 2020 – Due date for Corporation Tax payable for the year ended 28 February 2020. 19 December 2020 – PAYE and NIC deductions due for month ended 5 December 2020. (If you pay your tax electronically the due date is 22 December 2020) 19 December 2020 – Filing deadline for the CIS300 monthly […]
Self-Assessment filing deadline draws near
If you have still not submitted all of the information we need to complete your 2019-20 tax return, could we ask you to respond as soon as you can as the deadline is fast approaching – 31 January 2021. HMRC has made no announcement that this deadline will be extended. Accordingly, the initial £100 late […]
More on extended furlough scheme
Most employers who are eligible will be aware that the furlough scheme (the Coronavirus Job Retention Scheme) has been extended for five months – from 1 November 2020 to 31 March 2021. The general terms for the first quarter to 31 January 2021 are: Maximum claim per employee is 80% of hours not worked. Furlough […]
Are you ready for 1 January 2021?
When we awake to the new year we will no longer be in transition; we will be out of the EU and will have to cope with a wide range of regulatory changes if we buy or sell goods or services to EU suppliers and customers. The Department for Business, Energy & Industrial Strategy recently […]
Furlough claims from 1 November 2020
If you are making claims under the extended furlough scheme from 1 November 2020 you need to be aware of changes in the claims process. Perhaps the most significant is that claims need to be registered within 14 days of the relevant period end. In their revised guidance on this topic HMRC say: You can […]
Are you eligible for further self-employed grants?
Two quarterly grants have been paid to UK self-employed traders that qualify for the Self- Employed Income Support Scheme (SEISS). These covered the periods up to 31 October 2020. The Chancellor has announced that two further quarterly payments will be made. Traders will still need to qualify for the payments and in particular: Have been […]
Contact details or else…
Contact details or else… Hospitality trades are now mandated to collect the contact details of customers. Which logically assumes that if a customer refuses to provide this information they must be turned away? The contact details required include: name contact number date of visit arrival time departure time, if possible All collected data must comply […]
Appointment of a New Director
Phil Emery, who is based at our Doncaster office, at Ten Pound Walk, has been appointed to the Board. Royston Parkin, prides itself on taking a proactive approach to providing clients, ranging from owners of small businesses to directors of multi-million pound companies, with individually tailored business advice and accountancy expertise. Phil’s promotion highlights the […]
