What will be the effect of pre-Budget on business?
As the third lockdown continues the Chancellor is to unveil a pre-Budget recovery plan. The Budget is due to take place on 3 March, but Rishi Sunak is paving the way the pre-Budget recovery plan announcement on 22 February. Business groups are lobbying for an...
How an accountant can help your business
If you are wondering how an accountant can help your business in more ways than filing tax returns, let us explain. Many business owners, set up a company and look after financial affairs themselves. But as their enterprise grows, they start running out of time to...
Are you ready for national living wage changes?
The national living wage and national minimum wage increase this April. Employers must be ready to take the additional costs into account. From 1 April 2021, the national living wage (NLW) increases 2.2% from £8.72 to £8.91. This is equivalent of £345 extra per year...
Don’t miss 3rd self-employment grant deadline
Self-employed people affected by coronavirus have just one more week to claim the third government grant. Self-Employment Income Support Scheme (SEISS) claims need submitting to HMRC by next Friday (29 January) at the very latest. Those eligible for the third...
Paying company directors: what you need to know
Paying company directors isn’t as straight forward as an employee. It is not as simple as getting a pay slip each month. So, how can you pay company directors? Salaries Paying company directors via salaries, expenses and benefits is the easiest. The company...
New Year, new changes for business owners
While we are glad to see the back of 2020, the new year will no doubt see changes that business owners must be aware of. It seems like there are daily updates about government rules during this year and we will always keep you up to date with what is changing. But as...
What business owners need to know before Christmas
As Christmas is near, there are a number of points to you need to be aware of. So before you break up, here are some issues you may be unaware of. Christmas and furlough HMRC is warning business owners that are normally less busy or closed for the holidays, they...
Changes that may affect you after Brexit transition
Remember Brexit? With coronavirus dominating headlines, it seems a distant memory. But the UK’s transition out of the EU ends on 31 December. That means the UK will no longer be a part of the European Union from 1 January. You will have no doubt seen the adverts about...