Blogs

As a family business, we know-how important it is to keep your personal tax in order. Whether it’s income tax, capital gains tax or inheritance tax, we know how to optimise your position, so you keep as much money in your pocket as possible.

In his budget, Rishi Sunak has chosen a fine line between raising taxes to start paying down the massive Government borrowings but at the same time stimulate economic recovery and save jobs. Due to the government’s promises not to raise income tax, VAT and national…

Research & Development is a subject which is often in the news, and was mentioned again in the most recent budget. It is an area which, when used properly, can be beneficial for limited company businesses. It can reduce taxes now or in the future,…

New VAT rules are due to come into effect from 1st March 2021 which will impact on accounting for VAT for transactions in the construction sector. The new rules are called “the domestic reverse charge for supplies of building and construction services”. This is a…

As there have been numerous different schemes opening and closing to support Businesses through the Pandemic, we have compiled a Business Support Update to keep you informed of the latest changes and support available. Strategic Framework Business Fund The Scottish Government have announced a COVID…

As many government guidelines, schemes and deadlines have seen a change in the last few weeks, please see below a summary of schemes that may be relevant to you. 1.VAT If you deferred paying any VAT that was due to HMRC between 20 March and…

As another part of Rishi Sunak’s ‘Plan for Jobs’ (see also Job Retention Bonus) the Kickstart Scheme has been launched. The scheme was designed to create new 6-month job replacements for young people. It is targeted at those that are dependant on Universal Credits and…

The Coronavirus Business Interruption Loan Scheme (CBILS) targets small and medium-sized businesses with loans and financial support of up to £5million turnover. 80% of the finance is guaranteed by the government and they will pay any fees and interest for the first 12 months. Financial…

What is the Job Retention Bonus? As the Coronavirus Job Retention Scheme is closing on October 31st, many employers are left wondering, what comes next? This is where the new Job Retention Bonus comes in. At the end of January bonuses of £1000 will be…