Tax credit renewals
All tax credit claimants should have received their renewal pack by 4 June 2021. If you have not received your renewal pack you should contact HMRC on 0345 300 3900.
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BBL Repayments
The Bounce Back Loan Scheme (BBLS) was designed to enable UK businesses to access finance quickly during the Covid-19 pandemic. Businesses that were losing revenue and seeing their cashflow disrupted as a result of the outbreak were able to apply for loans of up to £50,000 from May 2020, with a payment holiday in place…
Claiming Expenses for your property business
Over the years we’ve seen many landlords miss out on valuable tax relief for the simple reason that they’re not aware of the full range of expenses they can claim against their rental profits. This blog aims to cover some of the areas landlords should review to determine whether any claims can be made for…
Fourth SEISS grant
Self-employed individuals will be able to apply for the fourth SEISS grant from late April if they submitted their tax return for 2019-20 by midnight on 2 March 2021 (it was due by 31 January 2021).
Budget 2021 Corporation tax complexity
The Chancellor announced that taxes would have to rise, but not quite yet, as all tax rates except for VAT are frozen for 2021-22.
New VAT rules for Construction Sector from 1st March
From 1st March 2021 new rules for VAT in the construction sector are set to be introduced. These rules are commonly known as domestic reverse charge for construction services. These changes were first announced in 2017 and were due to be implemented originally in 2019 but deferred, first to October 2020 and then again to 1st…
What is a Confirmation Statement?
As a company director, not only is there a responsibility to submit accounts to HMRC and Companies House but also to submit an annual statement called the confirmation statement. Previously this was known as the annual return.
Company Losses
Over the past 9 months we’ve seen firsthand the number of companies suffering losses on business operations due to the effects of coronavirus.