You are probably all fed up of hearing that these are ‘uncertain times’ but unfortunately it is still very true. As the lockdown eases, we are all hoping for a lovely big economic bounce back to restore the world to what it used to be. But what if this doesn’t happen? If the future
For those that have claimed before, you should get an email or letter shortly letting you know the date when you can apply for the fourth SEISS grant. This fourth grant covers the period from 1st February 2021 to 30th April 2021. To be eligible for the fourth grant you must be a self-employed
A very special welcome to our newest and youngest member of the team, Kilo. He will be taking the role of trainee shredder and learning from his big sisters, Indie & Echo. Kilo is new to the office life so we would like to apologise in advance if you receive a few teeth marks in
The restart grant was announced in the 2021 budget. It is a one-off business grant available to non-essential retail businesses and hospitality, accommodation, leisure, personal care and gym or sport business premises. To support the recovery of the high street as government trading restrictions are relaxed, the Chancellor has announced the one-off payment ‘Restart Grant’.
You might not have greeted the 6th April with a glass of bubbly, fireworks and nibbles but the new tax year has now started. The 2021/22 tax year began on the 6th April and there are a few changes that you might want to know about: • The personal allowance – the amount that you
With the start of the new tax year, there are a few changes coming up with the national living wage and national minimum wage. The National Living Wage is due to increase by 2.2% on 1 April 2021. Currently, the rate is £8.72 per hour and this will rise to £8.91 per hour.
Making Tax Digital (MTD) is a government initiative designed to help businesses and individuals declare their tax to HMRC digitally. Whilst part of Making Tax Digital was pushed back 12 months into 2022 due to the Covid-19 pandemic, it is very much still a priority of the Government. In July 2020, the government published a ten-year vision for
Under normal circumstances we would have been reminding you about the payments for your personal tax bill in the run up to 31st January which is the usual deadline. However, this is not a usual year, as we all know! For this year, if you have not paid your personal tax for the year
You may have heard about a ‘super deduction’ for tax after the budget last week. This relates to the purchase of plant and machinery and the capital allowances (or tax deduction) that you can claim on these purchases. The idea being that you claim a deduction for tax of not just what you paid for
Did you defer your VAT payments between March and June 2020 under the VAT Payment Deferral Scheme as a result of the COVID pandemic? If you did, then this VAT payment was due to be paid back by the 31st March 2021. HOWEVER, you now have the option to pay this deferred VAT back
