A temporary return of three-year loss carry back

Unincorporated businesses and companies will welcome the increased flexibility to carry back losses arising during the period of the pandemic an additional two years. The extended relief will allow for…

Capital allowances April 2021

Capital Allowances A “super-deduction” will be introduced from 1 April 2021 until 31 March 2023 allowing companies to benefit from a 130% first-year allowance for capital expenditure on qualifying new…

Advisory Fuel Rates – 1 March 2021

  Engine Petrol Diesel LPG < 1400cc < 1600cc 10p 10p 9p 9p 7p 7p 1400-2000 1601-2000 12p 12p 11p 11p 8p 8p > 2000cc 18p 12p 12p NB Electric…

Budget update spring 2021

Following the Chancellor’s Budget on Wednesday, we have updated our resource page for our spring newsletter. Focusing mainly on the budget. If you haven’t taken a look already, download now.…

Companies House pause voluntary and compulsory strike off processes for one month

CH have temporarily paused voluntary and compulsory strike off processes for one month from 21 January until 21 February 2021. CH has reduced the number of staff in their offices…

Completing customs import declarations

The UK transition period ends in 3‌‌7 days. If your business trades with other countries from Europe or you represent a business who does, from 1‌‌‌ ‌January you’ll need to…

Summer Economic update

On Wednesday, the Chancellor Rishi Sunak made a speech entitled “Summer Economic Update” where he unveiled further Government supports and he unveiled the Government’s plan for jobs which he described…

C19 BUSINESS NEWS UPDATE

SMALL BUSINESS DISCRETIONARY GRANT PAYMENTS TOP-UP TO LOCAL BUSINESS GRANT FUNDS SCHEME The Government has announced a discretionary fund has been set up to accommodate certain small businesses previously outside…

COVID 19 BUSINESS NEWS UPDATE

FINANCIAL SUPPORT FOR BUSINESSES DURING CORONAVIRUS (COVID-19) The Government has updated its page on financial support for businesses. No details regarding the operation of Business Bounce back loan scheme are…

Quotations in Xero

One of the most popular requests and something that is missing from Xero is the ability to create quotations. For small business owners who run a service type business having…