Amidst heightened restrictions, the government’s Job Support Scheme will open in November 2020. It will serve as an indirect replacement for the Job Retention Scheme, which closes at the end of October. According to the government, the Job Support Scheme will ‘protect viable jobs in businesses facing lower demand due to COVID-19.’ We’ve taken a look at the […]…
What is an umbrella company? In an ever-expanding contractor market, most people in self-employment will be familiar with concerns over long-term financial commitments, frustration at a lack of holidays or maternity / paternity pay, and a general unease about making ends meet between contracts. For many, the freedom that freelancing affords is countered by the […]…
To many, September means falling leaves, late summer evenings, and the beginning of the new school year. And whilst even Coronavirus has not managed to alter that, there are a few business and accountancy-related announcements – both this month and into the autumn – that we wanted to make sure you were aware of. Namely: the Budget; […]…
‘Managing your business through a pandemic’. It’s not something many Directors or CEOs will have contemplated in times gone by. But things have been a little different in 2020. While the lockdown (for many, at least) may be over, the impact that Coronavirus has had on UK business – let alone wider society – is […]…
New rules on Capital Gains Tax came into force this spring (April 6th) – with the country just a couple of weeks into lockdown. So, naturally, the nation’s attention focused on things like staff furlough and VAT deferrals, and less so on property sales and Capital Gains Tax. But with the property market reinvigorated, more […]…
The Chancellor’s VAT rate reduction – that we reported on earlier in the summer – is now in full swing, and applies to selected businesses until next January. Estimates suggest the scheme will cost around £4bn, but Mr Sunak hopes it will prove vital in protecting jobs and promoting business for tourism and hospitality – […]…
IR35 (introduced in 2000) determines whether a contractor is working through their limited company correctly. IR35 legislation tends to concern contractors and freelancers who provide services via an intermediary, or Personal Service Company (PSC). It does not apply to umbrella company contractors. Changes to off-payroll working rules (IR35) in the private sector come into force on April […]…
Between March and May of this year, the number of workers on UK payrolls dropped by more than 600,000. It’s a startling statistic and one that could be a sign of things to come later in the year in light of the COVID-19 crisis. Where some companies and industries have struggled, though, others are thriving. […]…
As the UK continues to emerge from lockdown and with changes to the furlough system coming into play next month, the Chancellor, Rishi Sunak, today unveiled his latest plans to boost an economy hit hard by COVID-19. Following the so-called ‘Coronavirus Budget’ in March – delayed as a result of last year’s General Election – […]…
Last weekend, the government issued fresh guidance surrounding the Coronavirus Job Retention Scheme (CJRS). Speaking from Downing Street, the Chancellor, Rishi Sunak, outlined how the scheme will operate – and evolve – over the next few months. Here’s a brief summary of the very latest developments impacting our small business clients: The CJRS will continue […]…
