by Karen | Jun 10, 2021 | Accounting, Benefits, Covid-19, HMRC
Amend your PSA for Covid-19 related benefits A PAYE Settlement Agreement (PSA) enables an employer to meet the tax on certain benefits and expenses on the employee’s behalf. This can be useful to preserve the goodwill nature of a benefit. Not all benefits are suitable...
by Karen | Jun 4, 2021 | Accounting, Business Costs, Covid-19, HMRC, Tax
If you operate through a limited company, for example as a personal or family company, you will need to extract funds from your company in order to use them to meet your personal bills. There are various ways of doing this. However, a popular and tax efficient...
by Karen | May 26, 2021 | Accounting, Covid-19, Financial planning, HMRC, Tax
To help meet some of the costs incurred in dealing with the Covid-19 pandemic, the Chancellor announced in his 2021 Budget that a number of allowances and thresholds will remain at their 2021/22 levels until 6 April 2026. Those affected are outlined below. Personal...
by Karen | May 12, 2021 | Accounting, Business Costs, Covid-19, HMRC
As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of the pandemic. Depending on the nature of the business, they may be eligible for a Restart Grant or a Recovery Loan. Restart Grants The Restart Grant Scheme...
by Karen | Apr 22, 2021 | Accounting, Covid-19, HMRC, Tax
Many businesses have suffered losses as a result of the Covid-19 pandemic, and where a business has made a loss, various options are available to obtain relief for that loss. The challenge is to make the best use of the loss. To help loss-making businesses,...
by Karen | Apr 19, 2021 | Accounting, Covid-19, Grants, HMRC, Self employment
The Self-Employment Income Support Scheme (SEISS) has provided grant support for self-employed individuals whose business has been adversely affected by the Covid-19 pandemic. An extension to the scheme was announced at the time of the 2021 Budget. As a result, it...
