Affordable experienced local account | R & J Business Solutions https://validator.w3.org/feed/docs/rss2.html Today the Chancellor announced the introduction of the Job Retention Bonus The Chancellor has announced a new scheme to help restaurants, bars and cafés VAT cut from 20% to 5% on food, drink, accommodation and attractions The Government has announced an increase in the Stamp Duty Land Tax (SDLT) threshold As part of the Chancellor’s “Plan For Jobs” he has announced a new kickstart scheme and employment support schemes will be scaled up Home News & Updates Contact Accounting Services If you are entitled to claim for the SEISS grant and haven’t already done so, don’t delay! From today (6 July 2020) our office will be opening again for appointments if you need to see an accountant You let several holiday lodges. You are approaching retirement, and are considering selling the properties in the next few years. How could coronavirus cause a nasty tax trap, and how can this be avoided? The latest update from HMRC on border controls in 2021 and package for custom intermediaries. Your firm’s financial year ends soon and while the accounts will show a profit you’re expecting them to include significant bad debts. How long will you have to wait to claim a tax deduction for these? An explanation of how holiday entitlement and pay operate during the coronavirus pandemic, where it differs from the standard holiday entitlement and pay guidance HMRC has announced that the introduction of the domestic reverse charge for construction services will be delayed until 1 March 2021 due to the impact of the coronavirus pandemic. What do you need to know? The final date to put staff on furlough is Wednesday 10th June 2020 The government has announced a new tax exemption for employees who work from home and need to buy equipment to do their job. What’s the full story? The government has introduced temporary changes that may affect individuals applying for, or already getting, Tax-Free Childcare or 30 hours of free childcare. What do you need to know? As the Government is encouraging everyone to work from home when they can, don’t forget you can claim tax relief for your home office Full details from HMRC of the changes to the Coronavirus Job Retention Scheme and Self Employed Income Support Scheme The Chancellor has now provided details of his proposed changes to the furlough scheme between 1 July 2020 and the end of the scheme on 31 October 2020 The Chancellor has today announced an extension to the self employed income grant with applications open from August 2020 With many sole traders and partnerships due to receive their Self Employed Income Support Scheme grant over the coming days, how does this affect Universal Credit claims? There’s new guidance about deductions from pay for employees furloughed under the Coronavirus Job Retention Scheme (CJRS). What’s the full story? The coronavirus Statutory Sick Pay Rebate Scheme will launch online on 26/05/2020 Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme until October 2020 HMRC have published details of the grant scheme if you’re self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19) New government backed loan scheme for small business looking to borrow between £2,000 and £50,000 Find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to reclaim employees’ coronavirus-related Statutory Sick Pay (SSP). The current furlough scheme is due to finish at the end of June 2020 and the Chancellor, Rishi Sunak is expected to announce an extension this week Chancellor extends furlough scheme to end of June The Government have extended the furlough scheme to include new starters The Self-Employment Income Support Scheme is now live but it is important you make the claim yourself and do not use your agent What information do you need to make a claim? This week HMRC will start to contact businesses who could be eligible for the SEISS and they have confirmed agents can’t make the claim on a clients behalf If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant HMRC have released a step by step guide to claiming the Coronavirus Job Retention Scheme grant If you are due a refund of CIS or income tax we can help complete your 2019/20 self assessment tax return now! Companies to receive 3-month extension period to file accounts HMRC have confirmed businesses deferring their VAT will need to cancel their direct debits as payments will still be taken Updated tax tables for the 2020/21 tax rates and allowances are now available to download There could be good news for self-employed workers on its way this week? The Chancellor has announced measures aimed at financially supporting self-employed and freelance workers during the coronavirus crisis Chancellor Rishi Sunak is set to announce an overhaul to the coronavirus business interruption loan scheme Keep you eyes wide open when entering into any financial agreement for help Self-employed in the UK? Where is your support from the Government? We are and will remain open for business but to assist with social distancing we are encouraging everyone to call us instead of visiting *UPDATED* our offices are now closed to visitors but we are still open and working remotely Full guidance including updates to the coronavirus job retention scheme from H M Revenue & Customs Full details of the coronavirus job retention scheme have now been announced by H M Revenue & Customs