Businesses return £215 million furlough payments to the Government

Posted on September 21, 2020 Posted in - Accountancy, Accounting, Blog, Business, Business Advice, Business Blog, Covid-19, Covid-19 Job Retention Scheme & Furloughing, Finance, Government Funding, Job Retention, Job Retention Scheme & Furloughing, Latest Business News, SMEs / Business

According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August. Read more…

Coronavirus Job Retention Scheme rejects claims after employer accounting errors

Posted on September 18, 2020 Posted in - Accountancy, Accounting, Blog, Business, Business Advice, Business Blog, Covid-19, Covid-19 - Grants, Covid-19 Employment, Covid-19 Job Retention Scheme & Furloughing, Covid-19 Loans, Employment, Finance, Job Retention Scheme & Furloughing, SMEs / Business

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned businesses to get “their data right” or face delays receiving grants under the Coronavirus Job Retention Scheme (CJRS). Read more…

HMRC confirms unused Employment Allowance can be used to reduce other tax costs

Posted on August 21, 2020 Posted in - Blog, Business, Covid-19, Covid-19 Employment, Covid-19 Job Retention Scheme & Furloughing, covid-19-update, Employees, Family Businesses, HMRC, Job Retention, Job Retention Scheme & Furloughing, SME, SMEs, SMEs / Business, Tax

Employers who delay their Employment Allowance claim and have unused Employment Allowance available at the end of the tax year “can use this to reduce other tax costs”, it has been confirmed. Read more…

COVID-19: The key dates for your tax diary

Posted on July 1, 2020 Posted in - Accountancy, Accounting, Blog, Business, Covid-19, Covid-19 Economy, Covid-19 Job Retention Scheme & Furloughing, Covid-19 Loans, Covid-19 Personal taxes and finances, Covid-19 Self Employed, COVID-19 Updates, Covid-19 – MTD & VAT, covid-19-update, Economy, Employment, Employment and payroll, Family Businesses, Government Funding, Grants and Deferrals, HMRC, SME, SMEs, SMEs / Business, Tax, VAT, VAT deferral

There are a number of Government support measures to help businesses through the coronavirus pandemic, as well as various business tax obligations being deferred. However, it can be difficult to keep track of all of the dates, deadlines and requirements, with many being amended, delayed or deferred over the past few months. Read more…