COVID-19 Self-Employed & 80% Scheme 27/03/2020

  March 27, 2020COVID-19 Self-Employed & 80% Scheme 27/03/2020Self-EmployedFirstly, this excludes people working for themselves but doing so through a company in which they are the director and a shareholder, typically being paid £720 a month in salary with the remainder in dividends. These people are employees and may be able to receive help through […]

COVID-19 Recent Government Announcements 26/03/2020

  March 26, 2020COVID-19 Recent Government Updates 26/03/2020A matrix of recent Government announcements in response to the coronavirus outbreak:Individuals / EmployeesSelf-Employed Individuals*Businesses / Employers* Time to Pay scheme – click herePotential to agree payment of tax (e.g. income tax) in interest free instalments. Time to pay helpline for those affected by coronavirus: 0800 015 9559.Potential to agree payment […]

COVID-19 Update 23/03/2020

  March 19, 2020COVID-19 Update 23/03/2020The situation is still far from clear. We can pass on the following information which is available on this link: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses#support-for-businesses-through-deferring-vat-and-income-tax-payments VAT Our reading of the above is that there is no need to make any payments to HMRC in respect of VAT currently owed to them. This delay in […]

COVID-19 Business Update 19/03/2020

  March 19, 2020COVID-19 Business Update 19/03/2020COVID-19 is undoubtedly affecting us all. Our main priority is to keep you updated in such an uncertain time.As most of you know, our offices are based in a shared business centre. The owners have requested we have no mail sent to the business centre.If you have any correspondence […]

COVID-19 Employers 18/03/2020

  March 18, 2020COVID-19 Employers 18/03/2020We are receiving lots of all calls from clients about what options and obligations they have with their employees in this unprecedented outbreak of COVID-19.  We work with a company called Avensure Ltd, who are a great HR support company and they have provided some useful information, links and the offer […]

COVID-19 Update 18/03/2020

  March 18, 2020COVID-19 Update 18/03/2020We are, not surprisingly, being asked by many of our clients for help in understanding what they should do or can do, in response to the Coronavirus. Whilst we appreciate it is a very worrying time for many businesses (notwithstanding the obvious health concerns), particularly those in the travel, hospitality […]

Tax Investigation Insurance

  March 12, 2020Tax Investigation InsuranceTax investigations are now more common than ever, it isn’t just something you hear about anymore. HMRC has revealed that in the year to April 19, it brought in a record total of £627.9bn up 3.6% (£22.1bn) on the previous year.A tax investigation is not a nice experience, but it […]

Umbrella versus Limited Company for Contractors

UMBRELLA VERSUS LIMITED COMPANY FOR CONTRACTORSUK contractors have two choices when it comes to deciding how to operate. They can either use a PAYE umbrella company or, alternatively, set up their own Limited Company. Both of these solutions offer several advantages and disadvantages and making the right choice for you depends on several factors. Some of […]

A Closer Look at IR35

A CLOSER LOOK AT IR35IR35 is an area which often causes concern for contractors and knowing whether or not your fall inside its scope can be difficult. There is a lot of information out there about this legislation and its various technicalities, and the sheer complexity of its nature means that it can be challenging […]