News

Coronavirus Future Fund launched

21/05/2020

Last month, the Chancellor, Rishi Sunak, announced a number of measures to help innovative firms survive the Coronavirus pandemic. One of these measures was the launch of a special investment fund for high-growth companies impacted by the crisis,

More...

Maximum loan under CLBILS increased to £200m

21/05/2020

The scope of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) is to be extended from 26 May 2020. The maximum loan size will be increased from £50 million to £200 million. Larger businesses will be able to benefit from

More...

Working safely during coronavirus

20/05/2020

The government has produced guidance to help employers, employees and the self-employed in England understand how to work safely on their return to work during the coronavirus pandemic. The so-called “COVID-19 Secure” guidance currently

More...

Guidance for employers on workplace testing

20/05/2020

The Information Commissioner’s Office (ICO) has published guidance for employers on workplace testing during the coronavirus pandemic. It covers the extent to which employers can carry out tests on staff on their return to work to see if they

More...

Trade credit insurance guarantee

20/05/2020

Trade credit insurance is a contract acquired by suppliers to make sure they get paid even if their customers default. This gives businesses the confidence to trade with one another and is especially important as the COVID-19 pandemic continues to

More...

Upcoming bank holiday dates

20/05/2020

We thought it would be useful to remind our readers of the upcoming bank holiday dates across England, Wales, Scotland and Northern Ireland. Whilst many people are still under lockdown, there are still some extra days off to look forward to for the

More...

Extension of vehicle MOT dates

20/05/2020

A reminder that MOT expiry dates are being extended by 6 months for all MOTs due on or after 30 March 2020. This includes vehicles that are due their first ever MOT test and applies to cars, motorcycles, light vans and other light vehicles. The MOT

More...

Launch of SSP Rebate Scheme

20/05/2020

Under the Coronavirus Statutory Sick Pay Rebate Scheme small-and medium-sized businesses and employers will be able to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. It has now been confirmed that the online service to

More...

Coronavirus insolvency and AGM measures

20/05/2020

The insolvency measures to help prevent businesses unable to meet debts due to the impact of Coronavirus to continue trading and not be forced to file for bankruptcy have been extended. It was confirmed that the temporary suspension of wrongful

More...

Claiming tax relief on work-related expenses

20/05/2020

Employees who need to buy substantial equipment to use as part of their employment may be able to claim tax relief based on the initial cost. In most cases you can claim tax relief on the full cost of this type of equipment as it usually qualifies

More...

Definition of trading profits for SEISS

20/05/2020

The Self-employment Income Support Scheme (SEISS) opened for applications on 13 May 2020. HMRC has confirmed that by midnight on 17 May there had been a total of 2 million claims with over £6.1 billion claimed. The scheme will provide grants of

More...

Changing a company’s year end date

20/05/2020

There are special rules in place which limit the ability to change a company’s year-end date. A company’s year-end date is also known as its ‘accounting reference date’ and is historically set by reference to the date the

More...

Removing a home address from the public register

20/05/2020

Company directors and other eligible people such as company secretaries, people with significant control (PSC) and LLP members can apply to remove their personal addresses from the UK’s official company register on Companies House. Company

More...

Ring-fencing COVID losses

19/05/2020

Most companies will have fairly healthy accounts up to the middle of March 2020 when the lock-down of activity to control coronavirus started. Since that date, many firms will have struggled to maintain profitability even with the support of the

More...

Why use cloud accounting software?

19/05/2020

For less than you would spend on tea milk and coffee each month, you can acquire the use of cloud-based accounting software. Why bother? Computerising your accounting routines in this way has a number of benefits for your business; of crucial

More...

Self-employment Income Support Scheme launched

14/05/2020

The Self-employment Income Support Scheme (SEISS) opened for applications at 8am on 13 May 2020. The scheme will provide grants of up to £2,500 per month based on 80% of average profits to qualifying applicants. HMRC has reiterated that the

More...

Working Tax Credits are now increased

13/05/2020

We would like to remind our readers that as part of the package of measures to tackle the Coronavirus outbreak, the basic element Working Tax Credit payments was increased to £3,040 for the 2020-21 tax year. This increase of £1,045 is

More...

Financial support if you have Coronavirus symptoms

13/05/2020

Guidance is published by the Department for Work and Pensions about support measures in place if you are employed and have Coronavirus symptoms. You must tell your employer as soon as possible if you are showing signs of Coronavirus. Your employer

More...

Self-employed and getting no work?

13/05/2020

If you are self-employed and qualify for the Self-employment Income Support Scheme you could receive a cash grant from HMRC based on 80% of your profits, up to £2,500 per month. The initial grant is for the three months, from 1 March through to

More...

Lost your job? What to do…

13/05/2020

If you lost your job after 28 February 2020, your previous employer could have agreed to re-hire you and then place you on furlough. However, there is no compulsion on the part of your ex-employer to do this and many firms have been reluctant to make

More...

Contact us

Unit 7, Beech Avenue Business Park
Beech Avenue
Taverham
Norwich
Norfolk
NR8 6HW

01603 957598
0779 5077 822

Membership

Newsletter

With our newsletter, you automatically receive our latest news by e-mail and get access to the archive including advanced search options!

» Sign up for the newsletter
» Login