Over 1.7 million UK businesses have submitted Coronavirus Job Retention Scheme (CJRS) claims. Unfortunately, some of these will contain errors. Our Director Chris Thomas examines the reasons why businesses need to correct these errors and repay money back to HMRC.
”I’m afraid of numbers” I’d been chatting to a client, Dominic, (not their real name) for 45 minutes when he dropped that bombshell into the conversation.
Our Director Chris Thomas explains how we have adapted to working life and running our accounting firm during lockdown. Unlike a lot of businesses, we are fortunate to be flat out working at the moment. We took the decision to get all of our staff working from home from Monday
There are a range of grants available from various sources that SME’s can access during the current Covid-19 crisis. We have summarised these below. Coronavirus Job Retention Scheme To help UK businesses retain their staff on the payroll when business has been forced to stop. Wage subsidy which covers 80%
Over the weekend, the UK Government updated and expanded the rules of the Coronavirus Job Retention Scheme. Here are the key points, which in some cases updates or amends some of the previous advice that we have provided. Over the weekend, the UK Government updated and expanded the rules of
Under the new Coronavirus Job Retention scheme announced on Friday 20th March, government grants will cover 80% of the salary of PAYE employees who would otherwise have been laid off during this crisis. The scheme, open to any employer in the country, will cover the cost of wages backdated to
Our offices will be closed from 1pm on Tuesday 24th December, and we will re-open at 9am on Thursday 2nd January 2020. Our offices will be closed from 1pm on Tuesday 24th December, and we will re-open at 9am on Thursday 2nd January 2020. Merry Christmas!
Did you know that you can claim business mileage for riding your bike at work? Here is how to get fit, save tax, and protect the environment. Do you use a bike at work to go and visit customers, suppliers or your Accountant? A little know fact is that you
We were delighted and honoured to be awarded the title of Small Accountancy Firm of the Year at the 2019 Scottish Accountancy & Financial Technology Awards in Glasgow on the 20th June. We were delighted and honoured to be awarded the title of Small Accountancy Firm of the Year at
Pass on your house free of IHT. The introduction of the residence nil rate band (RNRB) opens up the possibility of leaving the family home to successive generations without triggering an inheritance tax charge. Pass on your house free of IHT The introduction of the residence nil rate band (RNRB)
Can I employ a family member in my business? How much should I pay them? What are the pitfalls to avoid? Many small businesses, whether incorporated or not, pay family members for working for the business. However, as a recent case shows, it is easy to make mistakes which can
Dividends provide an opportunity to extract profits in a tax-efficient manner. Extracting profits as dividends Dividends provide an opportunity to extract profits in a tax-efficient manner. As a rule of thumb, it is generally tax-effective to take a salary equal to the primary and secondary threshold for National Insurance purposes