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Winding up a business
The decision of how and when to cease a business is usually prompted by a combination of three main factors - market conditions, market forces, and life changes.
Bonus for retaining staff when CJRS comes to an end
The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic.
Maintaining your NIC contributions record during Covid-19
The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21.
If you’re self-employed, paying Class 2 NICS give you access to a whole range of benefits
Subject to certain conditions and limits, self-employed earners over the age of 16 and below state retirement age are currently entitled to pay both Class 2 and Class 4 National Insurance contributions (NICs).
Tax implications of Covid-19 support payments
Various support payments are available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should they be treated?
As far as the Coronavirus Job Retention Scheme is concerned, it is all change from 1 July 2020. From that date, employees can be flexibly furloughed allowing furloughed employees to return to work part time and be furloughed for their usual hours that they do not work.
Entrepreneurs’ relief (ER) but not as we know it
The Spring Budget 2020 announced a significant restriction on future availability of entrepreneurs’ relief (ER) for individuals who dispose of all or part of their business, individuals who dispose of shares in their personal company, and trustees who dispose of business assets.
P45 procedures – What to do when an employee leaves
When an employee leaves, there are various procedures that need to be followed from a payroll perspective. These include telling HMRC that the employee has left and issuing the employee with a P45.
Rishi Sunak’s Mini Summer Budget 2020
Announcements from Rishi Sunak on July 8th, 2020.
VAT is scrapped for digital publicationsPlans to scrap VAT on e-books and e-newspapers have been significantly fast-tracked in a boost to readers and...