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 […]

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 […]

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 […]

Ban on personal credit card surcharges

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 […]

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 […]

Tax Changes – affecting buy-to-let residential properties

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 […]