Furlough Scheme Extended until December
Furlough Scheme Extension at 80% Pay The Coronavirus Job Retention Scheme (CJRS) Furlough Extension Furlough scheme extended until December: On 22 October the Chancellor announced that the CJRS furlough scheme would end on 31 October 2020, to be replaced by a new Job...
The Coronavirus Job Support Scheme
The Coronavirus Job Support Scheme The Job Support Scheme starts on 1 November The Coronavirus Job Support Scheme: The Chancellor has announced a new 6 month Job Support Scheme to help businesses and employees survive the winter months. We are still awaiting full...
The Coronavirus Job Retention Scheme: The Final Phase
The Coronavirus Job Retention Scheme The Final Phase The Chancellor, Rishi Sunak, presented A Plan for Jobs at the time of the Summer Economic Update on 8 July 2020. This included incentives for employers who retain furloughed staff and who offer training and...
HOSPITALITY VAT REDUCTION
DETAILS ON HOSPITALITY VAT REDUCTION HOSPITALITY VAT REDUCTION: WHAT IS IT ALL ABOUT? When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed...
Deferring July Self-Assessment Payment
DEFERRING JULY SELF-ASSESSMENT PAYMENT: OPTION TO DEFER JULY SELF-ASSESSMENT PAYMENT ON ACCOUNT Deferring July Self-Assessment Payment: Taxpayers facing financial difficulties as a result of the COVID-19 pandemic can opt to delay making their second self-assessment...
“Flexible Furlough” and Self Employed Grants
"FLEXIBLE FURLOUGH" AND SELF EMPLOYED GRANTS: "FLEXIBLE FURLOUGH" STARTS 1 JULY "Flexible Furlough" and Self Employed Grants: From 1 July the new CJRS “Flexible furlough” grant scheme starts, which will allow employers to gradually bring their furloughed employees...
Government Schemes: Furlough and Self Employment
Chancellor Rishi Sunak announced on 12 May that the CJRS scheme will be extended until the end of October. The scheme will continue in its current form until the end of July with the Government paying 80% of employees wages up to £2,500 a month. For accounts purposes the amounts received should be credited to a “grants received” account, and this will therefore increase taxable profits of the business.
The Budget – 11 March 2020
The Budget – 11 March 2020: MORE MONEY FOR THE NHS AND INFRA-STRUCTURE IN THE BUDGET Rishi Sunak received a “hospital pass” when he was appointed Chancellor and was required to deliver the first Budget in nearly 18 months within a month of his appointment. He...
The Budget 2020 – Are There Any Big Changes?
Yet Another Chancellor - Big Changes In The Budget? It will be nearly 18 months since the last Budget and, in the meantime, we will have had three different chancellors, following the unexpected resignation of Sajid Javid. The early years of a new Parliament are a...
The Coronavirus Job Retention Scheme: The Final Phase
The Coronavirus Job Retention Scheme The Final Phase The Chancellor, Rishi Sunak, presented A Plan for Jobs at the time of the Summer Economic Update on 8 July 2020. This included incentives for employers who retain furloughed staff and who offer training and...
HOSPITALITY VAT REDUCTION
DETAILS ON HOSPITALITY VAT REDUCTION HOSPITALITY VAT REDUCTION: WHAT IS IT ALL ABOUT? When the Chancellor announced a temporary cut in the rate of VAT for the hospitality sector and attractions in his Summer Statement on 8 July there were a number of areas that needed...
Deferring July Self-Assessment Payment
DEFERRING JULY SELF-ASSESSMENT PAYMENT: OPTION TO DEFER JULY SELF-ASSESSMENT PAYMENT ON ACCOUNT Deferring July Self-Assessment Payment: Taxpayers facing financial difficulties as a result of the COVID-19 pandemic can opt to delay making their second self-assessment...
“Flexible Furlough” and Self Employed Grants
"FLEXIBLE FURLOUGH" AND SELF EMPLOYED GRANTS: "FLEXIBLE FURLOUGH" STARTS 1 JULY "Flexible Furlough" and Self Employed Grants: From 1 July the new CJRS “Flexible furlough” grant scheme starts, which will allow employers to gradually bring their furloughed employees...
Government Schemes: Furlough and Self Employment
Chancellor Rishi Sunak announced on 12 May that the CJRS scheme will be extended until the end of October. The scheme will continue in its current form until the end of July with the Government paying 80% of employees wages up to £2,500 a month. For accounts purposes the amounts received should be credited to a “grants received” account, and this will therefore increase taxable profits of the business.
The Budget – 11 March 2020
The Budget – 11 March 2020: MORE MONEY FOR THE NHS AND INFRA-STRUCTURE IN THE BUDGET Rishi Sunak received a “hospital pass” when he was appointed Chancellor and was required to deliver the first Budget in nearly 18 months within a month of his appointment. He...
The Budget 2020 – Are There Any Big Changes?
Yet Another Chancellor - Big Changes In The Budget? It will be nearly 18 months since the last Budget and, in the meantime, we will have had three different chancellors, following the unexpected resignation of Sajid Javid. The early years of a new Parliament are a...
How To Determine Worker Status With CEST
From 6 April 2020 Did you know that from 6 April 2020 the off-payroll working rules are extended? Under the new rules, medium and large private sector organisations engaging workers providing their services through an intermediary, such as a personal service company,...
How To Manage Salary And Bonus Conversations
Let’s talk about salary and bonus Talking about money with your employees can be uncomfortable. Even when you have good news for an employee, discussing pay can be difficult. Your employee’s performance is inextricably linked to their salary and bonus. However, if you...
Business Partnerships: Why do they break?
Business Partnerships Always Start With Passion Sometimes things don’t work out in business and it’s time for the owners to go their separate ways, and you might have to consider breaking up. It’s fair to say that your business partnerships might have begun...