Self-employed taxpayers are now apply for the fifth SEISS grant, but they may need to provide two different turnover figures from their business as part of their application. The portal opened on the 29th July but HMRC should have contacted every eligible self-employed taxpayer (by email or letter), giving them a personal start date from which…

As you are no doubt aware, IR35 rules have once again been updated and come into effect today, 6th April 2021.   But it only affects companies that are either medium or large, so for the moment IR35 changes do not apply to small private sector companies.    Small businesses will continue with the existing IR35…

Northumberland County Council have now got a Business Resilience grant which is available to businesses that have stayed open but been severely impacted by COVID-19. Would this help you? Please check out the link below for this support and other business support available. https://www.northumberland.gov.uk/coronavirus/Support-for-Businesses-coronavirus.aspx

On 26th February 2021 HMRC sent an email to a number of established self-employed traders, asking them to prove that they are still trading, before they can claim the next two SEISS grants. Tax agents were not copied in to the email, so we may be unaware that HMRC has contacted some of our clients…

On 3rd March 2021 Chancellor Rishi Sunak presented his second budget. With the country on its knees economically, and many people suffering severe financial hardship, you may feel that he had his hands tied before he even started. The Chancellor stated that his Budget was aimed at protecting businesses, through the pandemic, fixing the public…

From 1 March 2021, businesses within the Construction Industry Scheme (CIS) must record, report and pay VAT under the new VAT domestic reverse charge rules. This change affects both contractors and subcontractors and the supply of certain kinds of construction services in the UK. Under the new rules, VAT registered subcontractors who provide a service…

It is SO tough out there but are you accessing all the available support? Northumberland County Council updated their website on Friday 8th January with lots of different support packages for different scenarios. It is worth logging on to just make sure you are not missing any grants. https://www.northumberland.gov.uk/coronavirus/Support-for-Businesses-coronavirus.aspx#ToP

Self-employed traders must respond to HMRC’s email about their business by TODAY 20 November 2020 or they won’t be able to make a further claim for another SEISS grant.   According to Accounting Web, approximately 24,000 self-employed traders who have claimed a self-employed income support (SEISS) grant recevied emails from HMRC in October asking whether they were still…

No doubt you are all feeling heavy-hearted after the Goverment’s announcement this weekend. Thankfully, rather than the Job Support Scheme which was supposed to start from 1st November, the Government has extended the Coronavirus Job Retention Scheme for a month with employees receiving 80% of their current salary for hours not worked. So we are…

HMRC have now published further information on the Job Support Scheme and employers should have received an informative email in their inbox! This is what it says:- Job Support Scheme The Job Support Scheme (JSS) will open on 1‌‌‌ ‌November and run for six months, until 30‌‌‌ ‌April 2021. The government has said it will…