As business advisers, we’re often asked whether incorporation is the right choice for new and growing businesses. But the answer isn’t always straightforward. The truth is, there is no right or wrong way to run a company and incorporation will depend ...
READ MORESmall and medium-sized enterprise (SME) leaders are optimistic about post-Covid-19 recovery time, suggesting it will take an average of 12 months for their businesses to make up for the lost revenue. Chirag Shah, CEO, Nucleus Commercial Finance, who commissioned this research, ...
READ MORESelf-employed workers will be able to claim the fourth Self Employment Income Support Scheme (SEISS) Grant from 22 April 2021. Commenting on the launch of the grant, the Institute of Chartered Accountants in England and Wales (ICAEW) said the scheme has ...
READ MOREThe last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees. On the horizon there is the all-important P11D deadline looming, which may require some employers to ...
READ MORESmall business confidence has risen to its highest level since autumn 2014, a major study has revealed. The finding forms part of the Federation of Small Businesses’ (FSB) quarterly Small Business Index (SBI), which comes as non-essential retail in England and ...
READ MOREEmployees who are continuing to work from home as a result of the Coronavirus pandemic and whose expenses have not been reimbursed by their employers should make new claims to continue receiving working from home tax relief. This is because claims ...
READ MOREHM Revenue & Customs (HMRC) has published a series of updates to its guidance on the Coronavirus Job Retention Scheme (CJRS), more commonly known as the ‘furlough scheme’. The updates cover the changes to the scheme as it is extended from ...
READ MOREHM Revenue & Customs (HMRC) is now contacting self-employed individuals who could be eligible for the fourth round of the Government’s Self-Employment Income Support Scheme (SEISS). The fourth round of the scheme covers the period from 1 February 2021 to 30 ...
READ MOREThe Annual Tax on Enveloped Dwellings (ATED) return for 2021 to 31 March 2022, and any tax due for the year, is due by 30 April 2021. What is the ATED? The ATED is a system that came into force on 1 ...
READ MOREMedium and large employers are now required to determine the employment status of contractors after major changes to the off-payroll working rules came into force this month. Here’s what you need to know. What are the off-payroll working rules? A contractor who works ...
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