This animated video provides details on what options are available now that Bounce Back loans are due to be repaid.
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When Bounce Back Loans were introduced in March 2020, they were hailed as a lifeline for many businesses whilst the growing pandemic crisis was impacting their business. The loans enabled businesses to secure funding of up to £50,000 without providing a personal guarantee and in addition there was nothing to pay for 12 months. Many…
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Those drivers who utilise their own vehicle for work purposes, excluding their normal commute, can claim money back against the approved mileage allowance payment rate (AMAP). The eligible amount is dependent on several factors which are dictated by HMRC. For example, an employee using a private vehicle such as a van or car for work…
read moreIn our latest animated video we explore what the pro’s and con’s of employing or outsourcing new staff are.
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A director’s loan account (DLA) documents the transactions that occur between a director and a company. It includes salary, dividends, expenses, director’s personal bills paid for by the company and reimbursements. If the DLA becomes overdrawn by more than £10,000 and the company is a close company, there is a potential for a benefit-in-kind charge…
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As part of the Government’s Making Tax Digital (MTD) plans to simplify the tax system and to speed up the time it takes for self-employed professionals and small business owners to complete their tax returns, the Government are proposing changes to the existing tax reporting rules. The changes, planned by 2023, would mean that any…
read moreIn this latest animated video we provide some of the key accountancy dates that everybody should be aware of.
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The COVID Pandemic has seen many changes to the world of employment across the world. From remote working whilst home-schooling to zoom meetings from makeshift home offices, the workplace landscape has changed dramatically. Many businesses were forced to scale back their workforce and many industries had to shut completely. Indeed, 16 months ago many of…
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The way we work has fundamentally changed over the last 16 months. Technology has allowed businesses to adopt flexible working practices to enable employees to safely work from home during the Pandemic. As life slowly begins to return to ‘normal’ many businesses have recognised the benefits not only for their employees, but also their businesses,…
read moreIf you apply our simple tips you can be assured that your tax return will be a lot easier to complete.
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