September 2021 Newsletter
SEPTEMBER IS THE LAST MONTH FOR CJRS “FURLOUGH” GRANTS The Government are pulling the plug on support to employers for furloughed staff at the end of September as they anticipate that the economy will be back to normal by October. The grant claims for employees furloughed in the month of September are 60% of the…
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Fifth SEISS Grant is Open
HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online submissions The fifth grant can be claimed if you think that your business profit will be impacted by coronavirus between 1 May 2021 and 30 September 2021. The scheme closes on 30 September. The application…
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Paying Your Tax By Direct Debit Monthly
People owe debt to HMRC for a variety of reasons and the best payment solution differs from individual to individual. HMRC takes its responsibility seriously to make sure that people who can pay do so on time, whilst providing extra, bespoke support to people facing financial hardship or in personal difficulty. If you’re facing difficulty…
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R&D Tax Credits
R&D tax credits A guide to the tax relief available to innovative SMEs. Research and development (R&D) tax relief for small companies provides an enhanced deduction for the costs of qualifying R&D projects. R&D tax relief for large companies is given as an expenditure credit in the company’s profit and loss account before the tax…
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The Value of A Cashflow Forecast
An all too common story Have you ever experienced that moment when you realise there isn’t enough cash to meet the wages bill at the end of the month? Have you ever had that unexpected phone call from your bank manager to say you’ve exceeded your borrowing limits? Have you ever looked at your year-end…
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Tax Returns and The Fines
Tax Return If you been sent a notice to complete a self-assessment income tax return you have until 31 January every year to get this submitted to HM Revenue & Customs or you will incur late filing penalties depending how long this is outstanding for. Late Filing Penalties Up to 3 Months £100.00 if it…
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Tax Going Digital
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…
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Advisory Fuel Rates from 1 March 2019
The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Changes to the advisory fuel rates from 1 March 2019 Engine Size Petrol Diesel LPG 1400cc or less 11p (12p) 7p (8p) 1401cc – 2000cc 14p (15p) 8p (10p) Over 2000cc 21p (22p) 13 (15p) 1600cc or less …
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