with commentary from Forbes Dawson The issue The question of whether (shareholder) directors of their own companies can ‘furlough’ themselves is still subject to some ambiguity. In simple terms many director shareholders want to know where they stand in relation to the Coronavirus Job Retention Scheme (CJRS). Currently, two schemes have been launched by the…
With the Government recommending those that can, work from home, it is important to note that for some people it’s not the perfect set up. There is the obvious advantage of no commuting and technology means we can have more autonomy over our time but for some people we will need to monitor their mental…
Below are some key Government websites where you can access the latest information: • Government action plan • Guidance on social distancing and stay at home • Travel advice • Support for businesses • Tax helpline to support businesses who are concerned about paying their taxes • Guide for employees, employers and businesses • Budget…
Support for businesses that are paying sick pay to employees: The Government has announced legislation to allow small and medium-sized to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme are: • this refund will cover up to 2 weeks’ SSP per eligible employee who has…
Your business might go through a variety of structures over its lifetime so it’s always helpful to know what different options there are and what implications they can have. Types of business structure The most common types you’ll probably know of are sole trader, partnership or company. But there is more than one type of…
From 6th April company car owners will no longer have a benefit-in-kind on fully-electric vehicles, which is likely to make company cars far more appealing to motorists throughout 2020. The benefit-in-kind on these cars at the moment is 16% of the list price, however this rate will drop from the 6th April 2020 to 0%….
Methods To Overcome Uncertainty So you’ve got a business idea and you think it might be a good one. But just as you’ve geared yourself up, all kinds of worries start to creep in. Whether you’re starting from scratch or adding a new string to your bow, there are things you can do to set…
How Can We Help If you want to take the stress out of completing your return, make sure you meet the deadline and ensure you’ve claimed all the reliefs you’re entitled to; then let us complete your return for you. Call us on 01254 583515 or complete the contact form below. Don’t leave it until…
The 31st January is the self assessment tax return deadline for both sole traders and partnerships. If you are the owner of a new sole trade or partnership you may not have submitted one of these tax returns yet, but don’t worry, we have all the information you need. Why Sole Traders and Partnerships? Sole…
Whilst there was no immediate change to the current corporation tax rate of 19% there was confirmation of the intention to reduce the rate to Keith Roberts accountant Lancashire 17% from 1 April 2020. Something to look forward to! For those businesses with significant investment in plant and machinery planned for the next couple of…
