VAT tips, grant updates and more

Following the Chancellor’s recent Budget announcement, we have collated important dates, practical VAT tips, helpful reminders and grant information for your business to consider: VAT, Compensation and Early Termination Fees In 2020, HMRC revised their guidance and ruled that income received from early contract termination, cancellation fees, liquidated damages and compensation would be regarded as […]...more

How to strengthen your balance sheet before year end

Reasons to strengthen your company’s balance sheet Your balance sheet is one of many documents that are filed and made public via Companies House. As such it provides the outside world with a summary of your company’s financial position, including assets and liabilities, at a fixed moment in time. It’s there, generally on display for […]...more

Make claiming R&D tax credits in 2021 your New Year’s resolution

2020 has been a year like no other. All businesses have worked tirelessly to navigate the relentless storms that COVID-19 has created. It is unclear how demand will recover and cash will be tight for many clients for the next 6-8 months or more. It is therefore essential to ensure cash reserves are conserved and […]...more

Some welcome news – Annual Investment Allowance extension

The Treasury has announced that the temporary extension of the £1 million cap for the Annual Investment Allowance (AIA), which was originally due to revert to £200,000 on 1 January 2021, will now be extended until 1 January 2022. The government has recognised that uncertainty arising from Covid and Brexit means that, in many cases, […]...more

An update on the Coronavirus Job Retention Scheme for annually paid Directors

Following the latest announcement from the government on the extension to the Coronavirus Job Retention Scheme (CJRS), the eligibility criteria has been updated, which may now allow annually paid directors to be eligible for furlough from 1 November 2020. The original eligibility criteria meant that many annually paid directors missed out on the original CJRS […]...more

Important changes to the Job Support Scheme

Following the announcement made by the Chancellor on 22 October 2020, there are some significant changes to the new Job Support Scheme to be aware of....more