Chancellor Rishi Sunak Cancels 2020 Annual Budget Rejecting the rumours of an impending tax grab, Chancellor Rishi Sunak has cancelled the 2020 Autumn Budget and expressed, he will announce new financial measures to respond to the worsening COVID19 crisis. The annual budget is the time when new tax measures are announced by the government. Mr […] Read More →
Month: September 2020
Disguised Remunerations: Loan Charge Deadline Fast Approaching Individuals who owe tax against disguised remuneration loan schemes have time till 30 September 2020 to settle what they owe, else face even bigger tax bill later. HMRC has published guidelines on refunds of voluntary payments. Whatever are the outstanding disguised remuneration loans that are subject to the […] Read More →
Is it Healthy to Wear Face Masks/Coverings at Work? As the number of COVID19 cases is on the rise, there is a growing debate on whether or not wearing face masks be made mandatory for the employees at the workplace. People are concerned about what are the health and safety compulsions that employers have towards […] Read More →
New Grants Announced for Businesses Affected by Lockdown Businesses in England that are required to close down because of government-imposed COVID 19 local lockdown are not entitled to a new grant, the United Kingdom government announced on September 9, 2020, after fresh waves of failures. The businesses can now claim up to £1,500 per property […] Read More →
HMRC Changes VAT Rules on Early Termination Fees Amidst the COVID 19 chaos on September 2, 2020, HMRC has suddenly taken a reverse stand on early termination fees, announcing such fees are now dependent on VAT. The issue is concerned with the VAT treatment of payments a business charges to enable clients to withdraw from […] Read More →
Things to Include in Your Monthly Management Account It would be a big surprise for you if someone tells you, management accounts are not mandatory! Fact is, if you are serious about growing your business, you will realise they play a vital role in helping you achieve your business goals. And there are genuine reasons […] Read More →
Payroll Service – Why to Consider Outsourcing? Payroll service is one of the most time consuming and tiring services that companies have to run every week/month. Whether you have 50 employees in your workplace or 5000, you will have to dig your head into time sheets, SSP, SMP, pensions, tax, deductions, recruitment, exits, retirements and […] Read More →