New Furlough Scheme guidance published
The detailed Furlough Scheme rules were updated 10 November 2020.
To use the extended scheme – to 31 March 2021 – the steps that are required are:
Check if you can claim
Check which employees you can put on furlough
Steps to take before calculating your claim
Calculate how much you should
Barter your way through COVID disruption
While we wait for the magic-bullets that promise to reduce the impact of COVID – vaccines etc – should we be exploring ways to exchange goods and services with our suppliers and customers?
Barter is defined as: the exchange of goods and services without using money.
Perhaps a decorator could
Getting the most out of digital data
One of the great benefits of data stored in an electronic format is that it can be sorted in an endless array of reports. This offers business owners who have invested in accounts software a range of options.
Once you have input basic accounts information, transactions, from
Uncertainty
While politicians and scientists try and figure out the best way to control COVID, we are left to pick up the pieces and try and salvage what we can of our businesses.
Our economy is built on various, level playing field assumptions:
Same legal requirements,
Same opportunities to trade,
Online sales platform
If you sell goods or material that can be sold from the internet, have you considered this form of sales platform for your business?
Providing access for your goods on the internet is a sensible strategy. If we have learnt anything from COVID it is the limitations on trade when social distancing –
New national lockdown and changes to business support measures
The Prime Minister, Boris Johnson speaking at a press conference on Saturday night, 31 October 2020, confirmed widespread expectations of a second national lockdown in England to help stem the growing resurgence of the coronavirus. The Government was faced with significant concerns that if they took
Less than 100 days to file your tax return
HMRC has published a news release to remind taxpayers that there is now less than 100 days to file their 2019-20, Self-Assessment tax return. Last year over 11 million taxpayers were required to complete a tax return, but over 958,000 taxpayers missed the deadline. If you are filing online for the
Taxable business gains
If you are in business as a self-employed sole trader or as part of a partnership, there may be occasions when you are required to pay Capital Gains Tax (CGT). CGT is normally charged at a flat rate of 20% on the amount of ‘profit’ or ‘gain’.
You will usually be liable to CGT where you sell or
Responding to a court judgement
In today’s precarious business environment many companies are unable to pay their debts. If this happens, your creditors can ultimately apply to the court to get their debts paid. This can be done either by getting a court judgement or making an official request for payment (known as a statutory
Tax-free perk for Christmas
If you are an employer and looking to give a small Christmas bonus to your employees, then your best option is probably to give them a gift. In order to ensure that this is not a taxable gift, it is important to ensure that the trivial benefits in kind (BiK) rules apply.
There is no tax to pay on