28 04, 2020

Bounce Back Loans

2020-05-22T15:26:04+01:00April 28th, 2020|Coronavirus|

On Monday, the 4th May a new Bounce Back Loan scheme to help small and medium-sized businesses will be launched. The new finance will be available based on 25% of turnover, capped at £50k and with a 24hr turnaround. The loans will be 100% guaranteed by the government and there will not be any fees, [...]

24 04, 2020

Capital gains tax changes from April 2020

2020-05-22T15:20:28+01:00April 24th, 2020|Tax|

New rules for property owners from 6th April 2020 New rules have come into force that means property owners must pay Capital Gains Tax (CGT) much faster than they have been used to. As of Monday 6 April 2020, property owners must inform HMRC of any CGT liabilities using an online service and pay amounts [...]

21 04, 2020

Holiday pay and Furlough

2020-05-22T15:23:33+01:00April 21st, 2020|Coronavirus|

We have received the following information from our HR support regarding paying staff while on furlough. HMRC confirmed late on Friday (as usual!) that it is possible for employees to take annual leave whilst on furlough. Updated only within the “Employee's Guidance” it now states that it is possible to take annual leave while on [...]

9 04, 2020

Furlough Scheme

2020-05-22T15:16:21+01:00April 9th, 2020|Coronavirus|

We have some news that will be breaking soon regarding the HMRC online Furlough hub. The following text is from our professional body the AAT who are working with HMRC and not from Brenda on Facebook :) The following is for employers only and does not affect the self-employed. HMRC has announced that the web [...]

6 04, 2020

Business Support Grant

2020-05-22T15:12:53+01:00April 6th, 2020|Coronavirus|

The Councils have been contacting people in receipt of Small Business Rate Relief over the past few days of how to claim. Below are some useful links if you have not had your letter yet. The online forms for the Small Business £10k grant for qualifying businesses are now on these local council websites: Norwich [...]

3 04, 2020

coronavirus interruption loan scheme

2020-05-22T15:05:09+01:00April 3rd, 2020|Coronavirus|

Over the past week, we have been supporting many of you through the minefield of the new government packages that are available to help fund individuals and businesses that have been affected by the government’s decision to restrict movement and close various business sectors. As you can imagine, there are some worried and confused people [...]

27 03, 2020

Self-employed income support scheme

2020-05-22T15:05:57+01:00March 27th, 2020|Coronavirus|

Who will be eligible for the scheme? In order to apply to the new Self-employment Income Support Scheme, the following must apply: You must earn more than half of your total income from self-employment. This must have been the case for either your 2018/19 tax return or the average of your 2016/17, 2017/18 and 2018/19 [...]