SOLE TRADERS AND PARTNERS TO FACE BIGGER TAX BILLS IN 2022
Partners and sole traders could be facing bigger tax bills in 2022 after a government proposal to change the date for businesses to report their profits, the Institute of Chartered …
NEARLY TWO MILLION WORKERS REMAIN ON FURLOUGH SCHEME
With the Coronavirus Job Retention Scheme (CJRS) coming to an end in September 2021, data shows nearly 2 million workers remain furloughed by their employers. In June, despite a drop …
THE FIFTH SEISS GRANT
The fifth instalment of the Self-Employment Income Support Scheme (SEISS) grant opened at the end of last month. This is expected to be the last available grant to self …
INCREASING TRENDS OF SCAMS AND SAFEGUARDS
The synergy of Brexit and the COVID-19 pandemic has brought significant instability and confusion in the operating environment of the business in the United Kingdom. This confusion and instability has …
Super Deduction Tax Breaks
What is it and how does it work? The super deduction £25 billion tax break, announced by Chancellor Rishi Sunak as “bold and unprecedented”, is intended to accelerate investments by …
Summer Budget 2020 – A temporary SDLT reduction
In his Summer economic update, as part of the ongoing government support during the COVID-19 crisis, the Chancellor announced a temporary reduction to Stamp Duty Land Tax (SDLT) on residential …
Mini budget announcement and what it means for you
What does the Summer Statement mean for small businesses? Chancellor Rishi Sunak has announced a package of measures to help small businesses survive the coronavirus pandemic, as the second phase of government …
Changes to the furlough scheme and what that means for you
Rishi Sunak announced this evening (29 May 2020) changes to the Coronavirus Job Retention Scheme, with businesses starting to share the cost of furloughing staff from August 2020 onwards. August: …
ALMOST HALF OF SMALL BUSINESSES DO NOT INTEND TO REPAY GOVERNMENT LOANS
Small business owners do not believe they will be taken to court for failure to pay, or they fear they will have gone bust within a year. A shocking 43% …
Support for businesses through deferring VAT and Income Tax payments
Rishi Sunak also announced this evening, that small businesses would be able to defer next quarter’s VAT, a direct injection of £30bn of cash-flow support for SMEs The government will …