Entries by Lizzie Robinson

Claim back when working from home

Countless people are working from home due to the Covid-19 pandemic, and now with new tiers being created, it looks like working from home may be here to stay in 2021 and beyond. Working from home has its benefits, but also some negatives. With extra heating and extra lighting to pay for, do you know […]

Furlough Scheme extended to April 2021

The Chancellor made several surprise announcements today (17th December 2020). In what must be a response to the continuing resilience of coronavirus, he has extended the furlough scheme and the closing date for government-backed loan applications. Details of the changes are: The furlough scheme was due to end 31st March 2021. It has now been […]

How Xero can help your business

If you’re an owner of a business, you will know that accounting and bookkeeping are essential, particularly for a company that wants to succeed long term. If you are not already utilising accounting software for your business, you’re missing out on the opportunity to run your company more efficiently. We actively encourage our clients to […]

Your top tax tips for Christmas 2020

It’s (nearly) Christmas! That means gifts and spreading seasonal good cheer. As we look to get into the festive spirit, we wanted to share how your generosity this Christmastime can be tax-deductible. Christmas parties You are able to spend up to £150 per head, including VAT per year, in providing annual social functions to entertain […]

Considering staff redundancies?

Even with the continuing support provided by the government furlough scheme – the current scheme will end 31st March 2021 – many business owners may be faced with making staff redundant. If you need to consider laying-off staff, we have listed below some of the steps you may need to take. To stay on the […]

Making the most of extended retail hours

You have probably heard that retailers in England can extend opening hours in December and January to help you make the most of the festive shopping season. In the announcement, government sources said: From Wednesday 2nd December, as England returns to a system of tiered restrictions, all non-essential retail across England will be able to […]

Are you ready for 1st January 2021?

When we wake up in 2021, we will no longer be in transition; we will be out of the European Union and have to cope with a wide range of regulatory changes if you sell or buy services or goods to EU customers and suppliers. “YOU NEED TO ACT NOW” was the circular recently sent […]

Furlough claims from 1st November 2020

If you are making claims under the extended furlough scheme from 1st November 2020, there have been changes in the claims process. Perhaps the most significant is that claims need to be registered within 14 days of the relevant period’s end. In their revised guidance on this topic, HMRC says: You can claim before, during, […]

Start preparing for Post-Brexit VAT

2020 has been a year full of several challenges for small businesses. The coronavirus pandemic has left many small businesses vulnerable. With serval businesses looking to bounce back, there is now the impending Brexit to contend with. The United Kingdom will leave the Single Market on 31st December 2020. When it does so, it will […]

Coronavirus Bounce Back Loan – Top Up

The Bounce Back Loan Scheme (BBLS) enables you to borrow between £2,000 and up to 25% of your turnover. The maximum loan available is £50,000. The scheme is open to applications until 31st January 2021. If you already have a Bounce Back Loan but borrowed less than you were entitled to, you can top up […]