The 3 March Budget provided an immediate sweetener for businesses in the form of a temporary extension to carry back of trading losses, plus, for companies only, a temporary super-deduction for investment in plant and…
Covid-19 relief measures extended again
The latest, and hopefully last, lockdown is not due to be completely lifted until at least 21 June, so it was no surprise to see Covid-19 relief measures extended in the Budget on 3 March.…
What Financial Lessons Have We Learnt From The Pandemic?
Hard to believe, but we are on the threshold of the second year of the Covid-19 pandemic. The World Health Organisation declared Covid-19 a pandemic on 11 March 2020, coincidentally the day that Chancellor Rishi…
Update on Covid-19 support for businesses
More support is available to help businesses in this latest lockdown, expected to last until at least 8 March. Keep up to date with, and claim, any support that your business is entitled to so…
Is A Wealth Tax A Viable Option for The Chancellor?
The Wealth Tax Commission, an independent body of tax experts, has set out the framework for a one-off wealth tax. Will the Chancellor be tempted to adopt this? In his November [2020] statement, in which…
Update on new measures for Covid business support
Admittedly, this is coming to you a little later than planned, but hopefully, this blog will provide some useful insight into the measures introduced following the announcement on January 5th of the current national lockdown…
Lockdown 3.0 – What To Expect
As the third Covid-19 lockdown took effect on 5 January 2021, the Chancellor announced a further £4.6 billion in grants to the retail, hospitality and leisure sectors. This new round of support follows extensions to…
Tougher criteria for third SEISS grant
Applications for the third Self-Employment Income Support Scheme (SEISS) grant opened from 30 November, and you have until 29 January 2021 to make a claim. Be warned, however, that some of the conditions for this…
Surviving Winter In the Midst of A Pandemic
A recent survey of small businesses has revealed that only a quarter of them are confident of their survival into 2021, with many worried about cash flow. Those businesses that took out Bounce Back Loans…
Claiming Tax Relief for Working From Home Expenses Just Got Easier….!
To assist taxpayers, HMRC has launched an online portal for the making of working from home expenses incurred during the pandemic. From 6 April 2020, employees can claim a tax-free amount of £6 a week…