by Paul Whyatt | Oct 7, 2020 | Business Advice, News
Many small businesses have been badly affected by COVID-19. These businesses have been able to apply for 100% Government-backed bank loans worth up to £50,000, and with no interest applied or repayments due in the first 12 months. Over a million loans have...
by Paul Whyatt | Oct 7, 2020 | Business Advice, News, Personal Tax
In his recent statement, the Chancellor announced that the SEISS would be extended for 6 months, from 1 November to the end of April 2021. This means that the scheme is now made up of four grants rather than the original two. If you’re eligible for the scheme...
by Paul Whyatt | Jun 17, 2020 | Business Advice, News, Taxation
Many businesses affected by the current crisis have received financial help from the Small Business Grant Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF). If your business has received such a grant, do you have to pay tax on it? Taxable or...
by Paul Whyatt | Jun 15, 2020 | News, Taxation
HMRC has updated its advisory fuel rates (AFRs) for cars from 1 June 2020. The old rates can still be used until 30 June. For details of the new rates, see: HMRC Advisory Fuel Rates from 1 June 2020 If you need advice on this or any other accountancy, tax...
by Paul Whyatt | May 29, 2020 | Business Advice, News, Taxation
The “Test and Trace” system was launched yesterday (May 28) in England. What happens if an employee is traced and forced to self-isolate – can they claim SSP? In short, yes. Entitlement to SSP has been extended to employees who are required to...
by Paul Whyatt | Mar 3, 2020 | Business Advice, News, Taxation
The government has announced the National Insurance rates and thresholds for tax year 2020-21. These confirm the government’s commitment to increase the point at which individuals start to pay National Insurance to £9,500 per year. A typical employee will save around...
