In our latest animated video we answer popular question of what is the difference between a grant and a loan.
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With the current COVID-19 crisis many businesses continue to seek government support to help them with the uncertainty of the months ahead. Whilst this aid is undoubtedly a lifeline for many, it could lead to potential problems in the future as businesses that benefit from such schemes can be said to be benefitting from State…
read moreWe regualrly get asked, “how do I regsiter my accountant as my HMRC agent?”. You will find all the answers in our fun animated video.
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The Coronavirus Job Retention Scheme (CJRS) has been set-up by the Government to enable companies to claim up to 80% of an employee’s wages plus any National Insurance or pension contributions during the coronavirus crisis. However, many companies have been left wondering what impact this new scheme might have on their ability to claim Employment…
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Sadly, the COVID-19 pandemic has had a huge impact on the small business community, some will need to close their doors and others will need to find new ways to adapt. The word “disincorporation” is something that will be on the lips of many business owners. It is the process which enables the transformation from…
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The HMRC have recently announced that people can delay their second self-assessment payment for the 2019/20 tax year should they need to. For all those UK taxpayers who should be making a self-assessment payment on, or before, 31st July 2020, but are unable to do so, due to the current impact of coronavirus, they can…
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The Construction Industry Scheme (CIS), in its present form, has been around since 2004 but not everybody is clear on what is required and who it applies to. In essence the scheme means that when subcontractors are working for a contractor, that contractor must deduct money from their pay on behalf of the HMRC as…
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VAT rules are known for their complexities and the headaches that they can cause businesses around the UK. But it’s the peculiarities of the system that can have people scratching their heads, particularly in the world of food! Recently, the case of Nesquik flavoured milk has been highlighted. Bizarrely chocolate flavoured milk is already VAT…
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The Construction Industry Scheme (CIS) requires contractors to deduct payments from any subcontractors that they use in order to make advance payments towards the subcontractor’s tax and National Insurance. It is a legal requirement that all contractors register for the scheme, whether a sole trader or a limited company, if: they pay subcontractors to do…
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For many years, investors have seen their buy-to-let properties as an excellent source of income. However, the Government has acknowledged the need to discourage savvy investors from procuring properties that would otherwise have been sorely welcomed by first time buyers. As of 6th April 2017, a phased implementation began of new rules, designed to restrict…
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