Coronavirus Statutory Sick Pay Rebate Scheme has launched
The government has launched a new online service for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees. Employers are eligible if they have a PAYE payroll scheme that was created and started before 28...
Defer VAT during the COVID-19 pandemic
To help businesses struggling with their cashflow during the COVID-19 pandemic, VAT registered businesses can opt to defer the payment of VAT that becomes due between 20 March 2020 and 30 June 2020. This will cover returns for the quarter to 28 February 2020 (due by 7...
Small Business Emergency Action Plan for Covid-19
Not all businesses are going to survive the next three months. For many businesses there is the reality of reduced or no sales for the next three or so months and even beyond if the Covid-19 virus remains. What you can do is stay healthy and ensure your loved ones are...
Deferring your state pension
If your contributions record is sufficient, you will be entitled to the state pension on reaching state pension age. The age at which you reach state pension age depends on when you were born. To qualify for a full single-tier state pension (set at £168.60 per week...
What to do if you need to change your self-assessment tax return
You made it and filed your self-assessment tax return for 2018/19 by the 31 January 2020. However, having felt pleased with yourself, you realise to your horror that you have made a mistake and need to correct your return. Can you do this and if so, how and by when?...
Reporting low emission vehicles – Changes from April 2020
From 6 April 2020, new appropriate percentage bands – and new lower charges for low emissions cars – will apply for company car tax purposes. From the same date, the way in which carbon dioxide emissions are measured is also changing. This means that in order to find...
Incidental overnight expenses
A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for work, without the employee suffering a tax charge and without any need to report the expenses to HMRC. What are incidental overnight expenses? Incidental...
Do you need a Virtual Finance Director?
Many small business owners feel that having access to an experienced, knowledgeable finance professional is a luxury that they simply can’t afford on a permanent basis. However, we are pleased to say that this doesn’t have to be the case. Let us ask you a few...
Using company vans for tax-free home to work travel
As a general rule, travel between home and work is regarded as private travel and if the employer meets the cost of that travel, a benefit-in-kind tax charge will be triggered. However, it is possible for employees with a company van to use that van to travel between...