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How we helped client claim Covid grant
The continuing discussions over Covid business support reminds me of a client in the early days of the pandemic. He couldn’t understand that while some businesses were receiving the Retail, Hospitality and Leisure Grant he was unable to! It was a reasonable query! So...
Invoice discounting: the pitfalls
Invoice discounting can seem like an ideal solution if you are facing cash flow issues in your business. If you have not heard the term before, let me explain what it is. You effectively ‘sell’ unpaid invoices to a lender so they give you a cash advance that is a...
Claim working from home expenses
Working from home (or WFH) is becoming more common due to coronavirus – and with it comes expenses! Whether you are self-employed or a limited company director, you are eligible to make claims. Both sole traders and directors are offered different ways to calculate...
Making Tax Digital: Why you need QuickBooks training
All businesses and those filing self-assessment returns need to join Making Tax Digital (MTD) by April 2023. The government announced in early summer that after delays, MTD will be implemented. This means that all your tax records will need filing using HMRC...
Self-assessment: don’t leave it too long!
Self-assessment tax returns need to be completed and filed by 31st January every year. But too many people leave it until Christmas, or even January, to get their books together.
What I love about Guidon Group
Adam Monkhouse owns North East Electrical and has been a Guidon Group client for 18 months. He used an accountant previously but moved his bookkeeping and VAT to us after we were recommended by a few of his contacts. He says, “A number of contacts recommended Kathryn...
How we helped one client move into her dream home
At Guidon Group we go the extra mile to help clients – even helping them find their dream forever home. One of those had been dreaming of a forever home for 10 years. But because she had no idea about how her business was doing financially she believed she couldn’t...
How client gained a £10,000 tax rebate
Tax problem Mr X worked abroad under a UK umbrella company but when he returned to the UK he believed he was paying too much tax. He had tried contacting HMRC several times but they were unable to resolve the situation. Mr X was getting frustrated as he couldn’t make...
Starting a business: what you need to know
Starting a business is something many people dream of doing. As the coronavirus pandemic continues to affect companies, redundancies seem to be part of the landscape in the future, sadly. But fear of the unknown is often the reason why some don’t chase their dream....
What is a P11D form?
Employers have only a week left to file P11D forms for those employees and directors who receive ‘benefits in kind’. The form should be with HMRC by 6 July and any Employers National Insurance due must be paid by 22 July. But what is the P11D? Many people, especially...