Beware: SEISS Penalties & Claims

Beware: SEISS Penalties & ClaimsThe Treasury has provided HM Revenue & Customs with substantial resources to investigate and recover incorrectly claimed government support. While many businesses are seeing a gradual return towards normality and, as much of the government support is set to come to an end, HMRC will begin the process of investigating and…

Fourth Self-Employment Grant – Can You Claim?

Fourth Self-Employment Grant – Can You Claim?New eligibility criteria means that it is important that taxpayers consider their eligibility carefully before claiming the fourth SEISS Grant. HM Revenue & Customs have been contacting previous Self Employed Income Support applicants to inform them of whether they may be eligible or ineligible for the fourth tranche of…

Budget Blog: Time to Invest?

Budget Blog: Time to Invest?The Chancellor’s announcement that an increased tax deduction is available from 1st April on the purchase of qualifying plant and machinery raises a question for business owners. Business owners often seek to maximise their tax efficiency by investing in the purchase of plant, machinery, equipment and commercial vehicles. These assets come…

Summary: Rishi Sunak’s Budget 2021

Summary: Budget 2021 Chancellor Rishi Sunak delivered his second Budget on Wednesday 3rd March 2021. The Chancellor’s #Budget2021 was again focused on dealing with Covid-19 and managing its long-term impact on public finances. To assist with understanding these announcements we have prepared a document containing highlights of the key issues. You can access our Budget…

Business Support: Mobile & Home-Based Close-Contact Services

Business Support: Mobile & Home-Based Close-Contact ServicesSupport for mobile / home-based hairdressers, beauticians etc A new government grant of £4,000 is now available for mobile / home-based close-contact service providers such as hairdressers, makeup artists and beauticians. This grant is designed for those businesses and individuals who do not operate from a business premises and…

Self-Employed Grant: Claim from 30th November

Self-Employed Grant – Claim from 30th NovemberThe third instalment of Self-Employed Income Support can be claimed from 30th November 2020. The third instalment of Self-Employed Income Support (SEISS) can be claimed from Monday 30th November 2020. As a result of the continued impact of coronavirus on business, including the requirement for lockdown measures and trading…

Claim Your Business Closure Grant

Are You Eligible for a Business Closure Grant?Businesses that are forced to close or are placed under trading restrictions may be eligible for a grant. Find out if you’re eligible. The government’s covid tier system has meant that many businesses, particularly in Tier 4, are forced to close or are placed under trading restrictions. These…

Furlough Scheme Extended

Furlough Scheme ExtendedThe government has extended the Job Retention Scheme until 31 March 2021. Due to the continued impact of coronavirus on businesses across the country the government have extended the Job Retention Scheme (JRS) or “furlough scheme” until 31st March 2021. This applies to businesses across the UK, whether they are open or closed.…

Self-Employed Coronavirus Grant Increased

Self-Employed Coronavirus Grant IncreasedThe upcoming SEISS Grant covering the period from 1st November 2020 to 31 January 2021 has been increased from 20% to 40% of average trading profits. The UK Government has responded to the continued impact that Covid-19 has had on many self-employed businesses and has taken action to provide additional support. The…

Coronavirus Redundancy: Beware the Pitfalls

Coronavirus Redundancy: Beware the Pitfalls Employers never wish to be in the position of considering redundancy however with the pandemic having unprecedented economic impact across the globe it may be a reality that many will need to face. And while redundancy in itself is process that needs to be carefully navigated, the covid-19 crisis presents…