On The Spot Blogs

Budget 2021 - Help To ReGroup & Grow

Today we've had a whistle-stop tour of initiatives which the government hopes will encourage growth. From saving existing skills with furlough and SEISS scheme extensions, a new super tax deduction on equipment, through to funding high quality training schemes (if you have at least 5 employees). 

Here are the main headlines of interest to small and growing businesses...

 

Continue reading
  603 Hits
  0 Comments

Coronavirus - Limited Companies - What Are Your Choices?


Now we've probably heard all the major Coronavirus announcements from the Chancellor, what choices do Director-Shareholder Limited Companies have to help them through this crisis? We provide a checklist below with signposting to the relevant part of gov.uk.

Time To Pay

Applicable to all companies and all taxes, you can call HMRC and agree a scheduled delay to paying your taxes. Have a realistic proposal that you can stick to. Signpost: https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19

Time To File

Companies house will allow you to send in your accounts 3 months later than normal, a increase from the usual 9 months to 12 months, as long as you ask before the 9 month deadline.

 

Continue reading
  2954 Hits
  0 Comments

New Year's Resolution? - Make Tax Understandable

Dear HMRC 

As the sun rises on a new decade, let's try to achieve real tax simplification during the next 10 years. Here are a few ideas to help make tax understandable for the public:

 

Continue reading
  4339 Hits
  0 Comments

Let The Taxman Contribute To Your Christmas Party

Let The Taxman Contribute To Your Christmas Party

It's hard to believe that it's only 6 weeks until Christmas.

If you'd like to show your staff how much you appreciate their hard work, but aren't sure what it might cost you and the tax implications, read on.....

 

Continue reading
  9167 Hits
  0 Comments