The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. You must be at least: school leaving age to get the National Minimum Wage aged 25 to get the National Living Wage – the minimum wage will still apply for workers aged 24 and under From 1 April 2021 the… Continue reading National Minimum Wage and National Living Wage Rates
Super Deduction Capital Allowance
A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets. From 1 April 2021 until 31 March 2023, companies investing in qualifying new plant and machinery assets will be able to claim: a 130% super-deduction capital allowance on qualifying plant and machinery investments… Continue reading Super Deduction Capital Allowance
Companies House Launch Webinar Series – Director’s Responsibilities
Companies House have launched their new bite-sized webinar series aimed at helping company director’s better understand their responsibilities Sign up now for the first webinar on 17th March to learn more about director responsibilities, how to register for an online filing account and the digital tools and services that are available to help you. Click… Continue reading Companies House Launch Webinar Series – Director’s Responsibilities
Self-Employment Income Support Scheme (SEISS) Grants 4 and 5 Confirmed
The UK Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. The fourth and fifth grants will take into account submitted 2019-20 tax returns. This means you may be able to claim, even if you were not eligible for previous grants. You must have… Continue reading Self-Employment Income Support Scheme (SEISS) Grants 4 and 5 Confirmed
Spring Budget 2021: Taxation
Chancellor Rushi Sunak announced his Budget in the House of Commons on 3rd March 2021. These are the announcements for his plans relating to taxation: Maintaining the income tax Personal Allowance and higher rate threshold from April 2022 until April 2026 which means that the personal allowance will be frozen at £12,570 and the high rate… Continue reading Spring Budget 2021: Taxation
Covid-19 Support Measures Announced in Budget 2021
Chancellor Rushi Sunak announced his Budget in the House of Commons on 3rd March 2021. Setting out his plans to support the economy throughout the pandemic and into recovery. These are the announcements for his plans to support business & self employed: An extension of the Coronavirus Job Support Scheme (CJRS) to September 2021 across… Continue reading Covid-19 Support Measures Announced in Budget 2021
Launch of Construction Industry Scheme (CIS) Toolkit for small businesses
Launch of Construction Industry Scheme (CIS) Toolkit for small businesses With the introduction of the domestic reverse charge for VAT on supplies of building and construction services, we have put together a Toolkit for small businesses to help you navigate to the right place for the information that you need
Launch of YouTube Channel To Provide MTD Support and Guidance for Small Business
Supporting clients has always been of the upmost priority for Lisa. With Making Tax Digital in mind, Lisa appreciates the differing challenges that businesses face in bringing their records into the Digital Era Last month we launched our Making Tax Digital (MTD) Toolkit for small businesses, sole traders and landlords to help you navigate to… Continue reading Launch of YouTube Channel To Provide MTD Support and Guidance for Small Business
Transition Guidance Available from HMRC
If your business moves goods between the UK and countries in the EU, you’ll need to follow new customs and tax rules. Your business will be affected by the new rules if they: buy goods from an EU seller and bring them into the UK send goods you’ve sold to a buyer in an EU… Continue reading Transition Guidance Available from HMRC
VAT Deferral New Payment Scheme
VAT deferral new payment scheme – join from 23 February If businesses deferred paying VAT due in the period from 20 March to 30 June 2020 and can’t afford to pay by 31 March 2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period. The online service… Continue reading VAT Deferral New Payment Scheme