Tax Tip

  • Corona_Protecct_Business

Coronavirus: Self-Employed and Furloughed Workers

 

 

 
This forth client bulletin concentrates on financial steps business should take now.
SELF-EMPLOYED SUPPORT ANNOUNCEMENT
Last night, Chancellor announced the “coronavirus (COVID-19) Self-employment Income Support Scheme“, which you can use if you are self-employed or a partner and you have lost income due to the impact of coronavirus.
Some of the details from the official HMRC announcement about this important new financial aid package are noted below. Please contact us […]

Act now to secure financial help for your business

 
This third client bulletin concentrates on financial steps business should take now.
 
Small Business Bonus Relief (to reduce non-domestic rates)
“Small business bonus relief” is an existing scheme which reduces the amount of non-domestic rates that are paid by small businesses.
Obtaining this relief is a qualifying criteria for a new cash grant from the described next.
APPLY:-

South Lanarkshire Council:  https://www.southlanarkshire.gov.uk/forms/form/311/en/small_business_bonus_relief

North Lanarkshire Council:  https://www.northlanarkshire.gov.uk/index.aspx?articleid=29202

Glasgow City […]

  • Coronavirus protect business and wealth

Coronavirus emergency financial help for business

Emergency financial help for business
This is the second in our series of bulletins through which we aim to help all our clients by sharing up-to-date official Guidance and practical tips to combat the financial impacts caused by the Cornonavirus (Covid-19).
 
There are five emergency financial aids that I want to highlight today.

CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME
From today, the Coronavirus Business Interruption […]

Coronavirus – protect your business and your wealth

Unprecedented Times
ad+ is here to help protect
your business and your wealth

 
This is the first in our series of bulletins through which we aim to help all our clients by sharing up-to-date official Guidance and practical tips to combat the financial impacts caused by the Cornonavirus (Covid-19).
“Britain is facing something akin to wartime”, according to the head of the Office for […]

Tax relief on plant and machinery

Up to £1,000,000 of investment in plant and machinery by businesses may be eligible for tax relief. The minimum eligible investment is £200,000.

This is a temporary arrangement which is designed to encourage business investment by accelerating tax relief.

The investment can be paid from business cash or borrowed funds.

The timing of the investment can affect the amount of tax relief.

Only certain […]

Pay less tax

Ignoring tax saving opportunities could cost you a lot. Between now and 5th April is your last chance to cut your tax bill for the current year by utilising a series of perfectly legal steps.

The correct tax advice depends on your specific circumstances. Get in touch with David Charles to arrange your initial discussion with our tax specialist.

E:  dcharles@adplus.co.uk

T:  0141 […]

You have less than one month to get ready for Making Tax Digital

On the 1st April 2019, almost all VAT-registered businesses will be required by HMRC to make digital VAT returns every quarter. Is your business ready? 

You could invest in new digital accounting software and staff training, or you could relieve your business of the entire processing burden by outsourcing all your bookkeeping and VAT Return work to ad+ Chartered Accountants.

We regularly receive […]

Need a new accountant before your next VAT Return?

You can switch to ad+ Chartered Accountants quickly and easily. We can take care of everything for you.  Normally, we can transfer all your bookkeeping and accounting records in time for your next VAT Return. If you need a new accountant, have a look around our web site, or get in touch. We are always happy to chat with ambitious […]

How your business could benefit from Make Tax Digital

The HMRC requirement to Make Tax Digital starts in April for most VAT-registered businesses.

Your business could benefit from this requirement if you redesign your bookkeeping, accounting, and management information processes in such way that you take advantage of the facility to automate much of the day-to-day bookkeeping work, and you get your accountant to prepare custom-made management accounts templates within […]

Let us deal with HMRC while you concentrate on other things.

If you receive dividend income of more than £5,000 are liable to income tax on the excess. You must include that information on your self-assessment tax return.

If you have not submitted a tax return in previous years, you must now register with HMRC and submit a return. The registration process involves a couple of steps, and is likely to take […]