What tax do I need to pay by 31st January 2021?

What tax do I need to pay by 31st January 2021?

The self-assessment tax return deadline for 2019/20 is fast approaching. It must be filed by midnight on 31st January 2021. Missing this deadline will result in a late filing penalty of £100, regardless of whether you owe any tax (unless you…
National lockdown and increased government support

National lockdown and increased government support

The Prime Minister yesterday announced a new national lockdown for England, 4th January 2021, that is likely to apply until half-term February 2021. Similar restrictions are likely to apply in the other regions of the UK. Today, the Chancellor,…
Claim back when working from home

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.…
Furlough Scheme extended to April 2021

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…
How Xero can help your business

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…
Your top tax tips for Christmas 2020

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…
Considering staff redundancies?

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…
Making the most of extended retail hours

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…
Brexit 1st January 2021

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…
Furlough claims from 1 November 2020

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.…