Registrations for the Eat Out to Help Out Scheme start 13 July 2020
By gov.uk 14 Jul, 2020 Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat Out to Help Out registration service went live this morning on GOV.UK, allowing businesses […]
£20 million new funding to help smaller businesses recover from the effects of the coronavirus pandemic
By Rob Pyke 30 Jul, 2020 Thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic, the Minister for Regional Growth and Local Government has today (30 July 2020) announced. Small and medium sized businesses will have access […]
Job Retention Bonus
HMRC have provided an update with regards to the Job Retention Bonus By Rob Pyke 06 Aug, 2020 Job Retention Bonus Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme (CJRS) and who remains continuously employed through to […]
The 2019/20 tax rates are now available to download from our website
The updated tax rates for the 2019/20 tax year can now be downloaded here. If you have any questions about how the new rates will affect you, please contact us, we are happy to help.
We are proud to be sponsoring Huish & Langport Cricket Club in 2019
As a company we are always looking to support the local community and we are proud to be sponsoring Huish & Langport Cricket Club in 2019. Fingers crossed for a dry, sunny summer and good luck to all at the club for next season. It is important for communities to continue to maintain its sports […]
H M Revenue & Customs changes its policy on deposits from 1st March 2019
H M Revenue & Customs recent business brief has indicated a change in policy with regards to the accounting of VAT on customer deposits, from 1st March 2019, where a customer deposit is retained but goods or services weren’t provided or performed, for example an order is cancelled before the service or goods are supplied. […]
Changes to VAT recording of CIS sub-contractors
*UPDATE* On 6 September 2019 H M Revenue & Customs have released a brief confirming the introduction of the Construction VAT reverse charge would be delayed until 1 October 2020. The change has been implemented as H M Revenue & Customs explain “Industry representatives have raised concerns that some businesses in the construction sector are not ready […]
Increases in the National Living Wage and National Minimum Wage rates for April 2019
The following rates are for the National Living Wage and the National Minimum Wage. The rates are updated every April: April 2018 (current rate) April 2019 (new rate) Information on who is entitled to the minimum wage can be found here. If you need any help preparing you payroll, please contact us.
Minimum pension contributions are increasing on 6th April 2019
As part of auto enrolment legislation, the minimum contributions for qualifying schemes are increasing on 6th April 2019. Currently the minimum employer contribution is 2% and employee contribution is 3%, a total minimum contribution of 5%From 6th April 2019 theminimum employer contribution will be 3% and employee contribution will be 5%, a total minimum contribution […]
What is Making Tax Digital and how does it affect me?
Making Tax Digital What is Making Tax Digital for VAT? Making Tax Digital (MTD) for VAT is the latest regulation introduced by H M Revenue & Customs to make it easier for businesses to get their taxes right and to manage their affairs. H M Revenue & Customs have ambitions of becoming one of the […]