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October 27, 2020

Still considering an electric company car?


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There is currently a zero P11D benefit for the drivers of electric cars in 2020/21. The legislation for this change was included in Finance Act 2020 which also states that

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October 13, 2020

Self Assessment individuals to benefit from enhanced payment plans


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HMRC has increased the threshold for paying tax liabilities to £30,000 for Self Assessment individuals to help ease any potential financial burden they may be experiencing due to the coronavirus

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October 1, 2020

Capital Gains Tax (“CGT) planning opportunities in anticipation of increased rate of CGT


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The press has been rife recently with speculation that rates of taxation and in particular CGT are set to rise imminently to fund the costs of Government support for the

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September 10, 2020

Cash flow forecasting in uncertain times


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The phrase ‘cash is king’ is one commonly used in times of financial crisis that make cash a more valuable asset than holding other forms of investments.  However, for businesses,

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September 4, 2020

Small Business Support Grants


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£20 million in Small Business Recovery Grants On 30 July, the Government announced a new grant scheme to help small businesses recover and adapt from the challenges arising as a

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August 25, 2020

Will you be due a corporation tax refund?


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With many industries facing uncertain times due to the COVID-19 pandemic, with those worse affected being the hospitality, tourism and aviation sectors, HMRC have issued an update to their guidance

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August 11, 2020

Temporary reduced rate of VAT and impact on flat rate schemes


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From 15 July 2020 the hospitality, holiday accommodation and attraction sector will benefit from a temporary reduction in the rate of VAT from 20% to 5%. This temporary VAT rate

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July 28, 2020

R&D tax relief – Still a valuable relief despite the AHK case


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Even in these difficult times the government want companies to claim R&D tax relief, where appropriate. The benefit of the SME scheme, for companies that have less than 500 employees

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July 10, 2020

Self-assessment July 2020 payment on account deferral


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A reminder to ALL self-assessment taxpayers, not just the self-employed, that you are eligible to defer your July 2020 payment on account until January 2021. The Government’s official announcement is

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June 25, 2020

Waiving Remuneration


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With the ongoing pandemic, many employees and directors have made some tough choices in respect of their remuneration with many deferring or potentially waiving some or all of their package.

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May 28, 2020

VAT: Failure to pay invoices, a reminder


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In the current economic climate, businesses are facing immense pressure placed upon their cashflows and consequently, delaying payments to suppliers, including between connected companies.  This can cause a potential VAT

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May 14, 2020

Raising Finance For Your Business


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In the current economic climate, the raising of finance for your business can prove a major challenge.  As a consequence, businesses are looking for increasingly varied ways of raising funds. 

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