09.10.2020

BEWARE 20 October penalties deadline – Tax and Penalty Regime to start for CJRS and SEISS claims

HMRC has brought into law significant tax and penalty charges for Incorrect claims relating to Coronavirus Job Retention Scheme (CJRS), Self-employment Income Support Scheme (SEISS), Coronavirus Statutory Sick Pay Rebate Scheme and coronavirus business support grants.
HMRC believes that up approximately 3.5 billion has been overclaimed on the CJRS scheme alone. They have received over 8,000 calls to their fraud hotline

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07.10.2020

Coronavirus – Job Retention Bonus – October 2020

In his Summer Statement the chancellor announced that the government is introducing a new Coronavirus Job Retention bonus to reward and incentivise employers who continue to employ their furloughed employees through to the end of January 2021. Further details have been released by HMRC this week…

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07.10.2020

Coronavirus – Job Support Scheme – October 2020

As the existing Job Retention Scheme (JRS) ends on 31st October at the same time as Covid infection rates are rising, and the company is subjected to further restrictions and local lock-downs, the Government have recognised that further support is needed…

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02.10.2020

Extended Time to Pay tax Bills – Self Employed – October 2020

As of 1 October 2020, customers can apply online to spread the cost of their tax bill into monthly payments, without the need to call HMRC.
The online payment plan can be used to set up instalment payments for paying tax payments up to £30,000 (previously £10,000).
In the Chancellor’s announcement on 24th September …

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02.10.2020

Charities and Not for Profit, Holding Meetings – October 2020

In the current situation, it may be difficult to hold face-to-face meetings. Some charities have clauses in their governing documents that allow them to meet virtually or to use telephone facilities, but if not we advise trustees to check their…

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Five Ways to Bring in More Cash for Your Business

Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow... - read more