Business as usual – we’re operating remotely once again. During this time, please may we ask you visit the office for scheduled record drop off only.

DRC (Domestic Reverse Charge) VAT scheme started, update your Xero tax codes now

As the new DRC VAT scheme started yesterday, any clients on Xero that fall under the reverse charge for CIS ruling will need to update their tax codes on Xero,…

UK Making Tax Digital (MTD) phase 2

From 1 April 2021, over 1 million UK VAT registered businesses face new MTD obligations, with penalties threated for the first time. The changes only apply to UK VAT registered…

Self Assessment Late Payment Penalties

Today HMRC has announced that Self Assessment customers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement…

CJRS Update

Claims under the Coronavirus Job Retention Scheme (CJRS) are now open for pay periods in February ‌2021. Claims for January are now closed, but if you find you need to make…

Quarterly Xero post

Calling all Xero on the go users! If you use the Xero app on your android or ios device there have been some time saving updates. You can now reconcile…

How trading conditions affect eligibility for the Self-Employment Income Support Scheme

HMRC has updated its guidance to define what it means by reduced activity, capacity or demand or temporary closure and gives examples of how this could affect eligibility. Claims for…

Changes to the Kickstart Scheme grant

The Kickstart Scheme provides funding to employers to create job placements for 16- to 24-year-olds on Universal Credit is changing. So far more than 120,000 jobs have been created and…

BREXIT NEWS

For smaller UK businesses exporting to the EU, the new Brexit rules have so far been problematic for many and unworkable for some. One of the unexpected issues that has…

The Coronavirus Job Retention Scheme has been extended until 30 April 2021

If you cannot maintain your workforce because your operations have been affected by coronavirus (COVID-19), you can furlough employees and apply for a grant to cover a portion of their…

VAT Construction reverse charge

THE NEW VAT RULES FOR CONSTRUCTION SECTOR START ON 1 MARCH 2021 New VAT rules are due to come into effect this March which will impact on accounting for VAT…