Directors what about the risk of paying illegal dividends
It’s common for directors of owner managed businesses to pay a portion of their income as dividends and with the end of the tax year fast approaching, directors will once again be turning their minds to declaring an annual payment. ‘The rules around dividends and distributions, governed by company law capital maintenance requirements and directors’…
Read More
Bounce Back Loan
Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances with the option to delay all repayments for a further six months. Pay as You Grow will be available to over 1.4 million businesses, which collectively took out nearly £45bn through the Bounce Back Loan Scheme. The Treasury’s…
Read More
Five furlough changes you need to know about
The government has now published its official guidance for the Coronavirus Job Retention Scheme, which has been extended until 30 April 2021. The long-awaited government guidance confirms many of the details surrounding the extended furlough scheme for employers. Overall, it outlines that despite the increase in flexibility that the extended scheme provides when compared to…
Read More
Covid 19 The Vaccine
VACCINE OPTIMISM – WILL THE LOCKDOWN END? The news is full of stories this week of the UK Government approving the Pfizer vaccine and who will be first to be offered the jabs and how the vaccine will be rolled out and, rightly so, people are more optimistic about the ending of lockdown and a…
Read More
VAT Deferral
Employer Bulletin December 2020 Issue 87 As you will be aware part of the Winter Economy Plan the Government announced that businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the…
Read More
Brexit
Welcome to our Brexit newsletter. There will be new rules for trade, travel and living in the UK and EU from 11.00pm on the 31 December 2020. Our aim is to provide you with information and resources to help you manage the change as smoothly as possible. The UK Prime Minister, Boris Johnson, UK Chief…
Read More
Covid-19 Grants
People and businesses across the UK are being provided with additional financial support as part of the government’s plan for the next phase of its response to the coronavirus outbreak, the Prime Minister announced today (31 October). Throughout the crisis the government’s priority has been to protect lives and livelihoods. Today the Prime Minister said…
Read More
Cashflow Forecast
Predicting your future… with financial forecasting With the pandemic still very much on the mind of business owner there has never being an more important time to look at cash-flow forecasting to ensure that your business has the cash to pay suppliers, wages. An all too common story Have you ever experienced that moment when…
Read More
Cloud Accounting
Cloud Accounting and Bookkeeping Overview There is now the opportunity to have you cloud accounting software which means you no longer need to have this installed on your desktop you can access this via an internet connection from anywhere. This will avoid the upgrades like with Sage as you will always have the latest version…
Read More
Management Accounts
What the successful businesses do All successful businesses know you need to have your finger on the pulse for making the right decisions. That means having access to the most up-to-date numbers for your business. And not just having access to those numbers, but also fully understanding them and how to use them to guide…
Read More