Mar 28, 2022 | Business Start Ups, Covid-19, FAQ, Loans
Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were non-taxable. Have you set money aside to deal with tax on support grants? HMRC...
Mar 23, 2022 | FAQ, Information, News, Tax
The Chancellor’s Spring Statement on March 23 was limited on giveaways, but there were some measures designed to help people struggling with the highest rates of inflation in 30 years. The Office for Budget Responsibility (OBR) has forecast that inflation will average...
Mar 10, 2022 | Business Start Ups, FAQ, Making Tax Digital, QuickBooks
Starting 1 April 2022, all VAT (value-added tax) registered businesses must comply with Making Tax Digital (MTD), regardless of what their turnover is. Up until that point, businesses under the VAT threshold (turnover less than £85,000 per year) didn’t have to comply...
Mar 8, 2022 | Covid-19, FAQ, Information, Loans
The bounce back loans, CBILS and CLBILS for larger companies were some of the most generous schemes available to businesses suffering from the impact of lockdowns due to the Covid-19 pandemic, paying out a total of £80 billion to help keep businesses afloat. The...
Mar 1, 2022 | FAQ, Information, National Insurance
NI to increase by 1.25% from April to fund the Health and Care Levy – what you can do about it The Government is set to increase National Insurance Contributions (NICs) by 1.25% from April to fund the Health and Social Care Levy, and while this may be a...
