Dividend taxes are to increase in April 2022. This will affect small business owners who trade as a Limited company. It has been well publicised in the mainstream media that National Insurance contributions are to increase by 1.25%. This increase […]
Corporation tax rate rises, super deduction for qualifying assets, restart grants, new self-employment grants and extension of Furlough. The 3rd March 2021 budget for businesses was packed with many tax changes. Some good and some bad for businesses. We go
Budget 2021 – Business Taxes, New Grants and Support Read More »
The Budget 2021 and the big freeze on personal tax allowances! The UK Budget was announced on Wednesday 3rd March 2021. Many had expected tax rises to pay back the deficit caused by the pandemic. Although many tax rises were
Budget 2021 – The Big Freeze on Personal Tax Allowances Read More »
The Government have announced several extensions to the furlough scheme. The latest announcement was in the budget on 3rd March 2021, which extended furlough right through to the end of September 2021. The furlough scheme is also known as the
Furlough Scheme Extension – See the monthly changes Read More »
The VAT reverse charge for construction industry was implemented on 1st March 2021. It is an important change for construction businesses. Here are some FAQs on the changes and how it will affect your construction business. Our opinion on the
VAT Reverse Charge for Construction Industry FAQs Read More »
The lockdown roadmap was announced on 22nd February 2021. The Government provided details on how the restrictions will start to be lifted from 8th March through to the summer. The roadmap is staged over 4 steps, with the final lockdown
Bitcoin and other cryptocurrencies have increased significantly in value over the last few years. At the time of writing on Thursday 11th February 2021, a Bitcoin is priced at $45,531. As a result of this significant growth, many investors are
Due to pay your deferred VAT payment? How to opt in to the new VAT deferral payment scheme and pay monthly instalments? Many businesses deferred their VAT payment for the periods between March and June 2020. This was one of
Bounce back loans have been extended again. The scheme is now open to applications until 31st March 2021. The scheme now also allows for repayment holidays and other helpful options. The loans were originally made available back in May 2020.
Extension of Bounce Back Loans and Repayment Holidays Read More »
Postponed VAT accounting is available for UK businesses from 1st January 2021. The scheme will assist the cash flow for businesses, which import goods from anywhere outside the UK. Further Information on Postponed VAT Accounting For further information please see
Postponed VAT Accounting and Impact on Import VAT Read More »