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 […]
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 […]
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 […]
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 […]
As of January 13, 2018, businesses will be prohibited from adding surcharges to recoup transaction fees on purchases made using a personal credit card. One of the first organisations to impose this ban is HMRC. As of 13th January 2018 HMRC will no longer accept personal credit cards as a method of paying tax bills.
The surcharge ban extends to bank […]
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 […]
Begin with the end in mind
It is always essential to keep a clear head and remain focussed on your goals before considering any new challenge or possible opportunity. Property market conditions, tax and legal changes, should all be assessed in relation to their impact on your priorities.
For example, if your priority is long-term capital accumulation, focus on which market development […]
The RHA recently commented on the difficulties it faced when negotiating with HMRC over the random checking process now required in support of tax-free payments made to drivers to cover personal expenses incurred for overnight stays. The payment is designed to cover basic expenses during an overnight stay, such as evening meal, breakfast, washing facilities and upkeep of bedding in […]
REGISTER NOW to learn what your business must change in order to comply with new the HMRC Making Tax Digital requirements.
Every quarter, your business will be required to provide an on-line update to HMRC of the amount of ‘taxable profit’ produced. That requires a lot of extra work by your staff and your accountant.
Will your bookkeeping staff cope with that […]
Some recent scam emails pretend to come from HMRC and suggest that you are either entitled to a refund or you are overdue to make a payment. If you are a client of ad+ Chartered Accountants please contact us if you have any concerns about an HMRC email you have received.
We encourage you to follow the advice issued by the National […]