UPDATED: 12th July 2020 – There are only 24 hours left to claim the first self-employment grant. The scheme closes at Midnight on Monday 13th July 2020. To make the claim click on the following link HMRC Self-employment grant claim and follow the instructions. HMRC Self-employment Grant Step by Step Video HMRC have released this …
Employers can claim a one-off payment of £1,000 per eligible employee. This is known as the job retention bonus. DISCLAIMER – Please note that the content contained in this article is for general information only and is not a substitute for professional advice – read our full disclaimer
Companies House have announced a temporary extension to some filing deadlines. Back in March 2020, the Government had announced that Companies could apply for an extended filing deadline. Now, these deadlines are automatic. Here are the most frequently asked questions on the changes. For further information on the Companies House Deadline Extensions see the temporary …
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Taxpayers with July personal tax payments don’t need to pay the 2nd payment on account. It would normally be due by 31 July 2020 but now needs to be paid by 31 January 2021. The deferral was announced back in March but went largely unnoticed with all of the other grants available. HMRC have now …
Which shops and businesses can open? As the government eases the restrictions on the lockdown in phases it can lead to confusion. We go through the different sectors. This includes which businesses can open and which must remain closed. We also provide information on the new working safely guidance issued by the government. This guidance …
Which Shops And Businesses Can Open And Which Must Remain Closed? Read More »
Is a buy to let limited company now a more tax efficient option than owning property personally? We go through the main factors to consider when deciding whether the buy to let limited company fits your property portfolio. The rise of the buy to let limited company The commonly held view was to always retain …
Self-Employed can claim up to £6,570 as a second grant to cover lost income in June, July and August. Below we answer the most popular questions regarding this second and final grant for the Self-Employed. DISCLAIMER – Please note that the content contained in this article is for general information only and is not a …
Self-Employed to receive further grant in August Read More »
The Government announced an extension of the furlough scheme on Friday 29th May 2020. The furlough scheme also known as the job retention scheme is to be extended until the end of October. The support provided by the government will gradually reduce from August. As a result employers will be required to contribute. Furlough Scheme …
The married couples allowance for 2020/21 is £250. This is tax free cash which an estimated 700,000 couples don’t claim. Better still, you can claim back for the previous 4 tax years. As a result the total tax rebate can be as high as £1,188. This total is explained later. Married Couples Allowance Example A …
Bounce back loans were made available on 4th May 2020. The loans are government backed and are to assist UK businesses impacted by coronavirus. Below are some frequently asked questions on bounce back loans. Other Government Support available includes:Job Retention Scheme – see our step by step guide on how to applySelf-Employed Grant – use …