Self-Employed can claim up to £6,570 as a second grant to cover lost income in June, July and August. On 17th August the application to make the claims became available. 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 …
To encourage customers into eating out again in restaurants the Government have launched an eat out to help out scheme. The scheme is to run throughout August and will allow participating restaurants to offer a 50% discount. Below are the frequently asked questions on the eat out to help out scheme. DISCLAIMER – Please note …
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. UPDATE: Following the extension of the Furlough Scheme from November 2020 to March 2021 this bonus has been postponed. It has not yet been cancelled but no further announcements have been made. The details below are …
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 …
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 …
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 …
Very small Limited companies have an option to file micro entity accounts. Initially these may look like a cheaper option. So who can file micro entity accounts? What are they? And are there any potential pitfalls to avoid? Our opinion on Micro Entity Accounts Our default position is to file accounts under the small companies …
What is the VAT Reverse Charge for Construction Industry? This simple tool will inform you when to apply the VAT reverse charge. It applies to all businesses within the construction industry. We have also included detailed analysis and examples of the questions you will need to answer. The solver will inform your construction business whether …