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23 Sep '200 Replies4 reasons to outsource your payroll
Continue readingOne of the biggest tasks in business is payroll; it’s important to consider when it’s time to outsource your payroll. Whether it only be a small section of your payroll or the whole lot, we’ve provided a few areas to consider before taking the leap. It’s important to understand purchasing payroll software doesn’t make you […]
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11 Sep '200 RepliesDay in the life of a Payroll Manager
Continue readingAs it’s National Payroll Week we thought we’d shed some light on what it’s like being a Payroll Manager. Whether you’re a little nosey or would like to take the next step in your career to being a Payroll Manager, make sure you’ve got your cuppa because we’re giving you the low down. The […]
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25 Aug '20Recovery Funding: Gov to provide £20 million
Continue readingSmall businesses in England are soon set to benefit from recovery funding. An additional £20 million in funding to help them recover from the coronavirus (COVID-19) pandemic. The government recently announced that small and medium-sized businesses will have access to recovery funding grants. These are between £1,000 and £5,000 to help them recover from the […]
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24 Aug '20Furlough Applications: HMRC blocks thousands
Continue readingHMRC has blocked thousands of furlough applications for the government’s Coronavirus Job Retention Scheme (CJRS) due to fears they are fraudulent. More than 30,000 CJRS applications have been rejected by HMRC, according to reports. At the end of June, 1,526 CJRS claims were rejected because the companies applying had ceased trading. An additional 23,899 applications […]
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24 Aug '20Coronavirus Job Retention Scheme changes from 1 Sept
Continue readingAs of the 1st September, changes will be made to the Coronavirus Job Retention Scheme. Initially, employers were able to claim back 80% of an employee’s usual wage up to a cap of £2,500. However, from September, this will be reduced to 70% and up to a cap of £2,187.50 per month for the hours […]
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14 Aug '20Freelancers experience drop in income
Continue readingFreelancers experienced a drop in income during the coronavirus (COVID-19) lockdown, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE). The research showed an average drop of 25% during the second quarter of this year. The drop in income was driven by a record fall in the average number of […]
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07 Aug '200 RepliesOverclaimed COVID-19 Grants: 90 days to notify HMRC
Continue readingThe Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants. The 90-day period to inform HMRC of any overclaimed amounts is now law: Finance Act 2020 recently received Royal Assent, which confirms the taxability of the Coronavirus Job Retention […]
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03 Aug '20CBILS: More firms to benefit following changes
Continue readingNew changes to state aid rules mean that more small businesses can benefit from the government’s Coronavirus Business Interruption Loan Scheme (CBILS). As a result of EU rules, previously small firms in the ‘undertakings in difficulty’ category were unable to make use of the CBILS. From 30 July businesses in undertakings in difficulty with a […]
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03 Aug '20HMRC sets up scheme for loan charge refunds
Continue readingHMRC has published details on its refund scheme for taxpayers who made voluntary payments of income tax or national insurance prior to a change in the rules regarding the loan charge. The loan charge, which came into effect on 6 April this year, applies to anyone who used ‘disguised remuneration’ schemes. The legislation added a […]
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24 Jul '200 RepliesUK economy ‘still stuck in first gear’
Continue readingThe UK economy is ‘still stuck in first gear’, with many businesses operating at half their pre-coronavirus (COVID-19) capacity, according to the British Chambers of Commerce (BCC). The BCC’s Coronavirus Impact Tracker found that over half of businesses were suffering from reduced demand. In fact, customer demand and possible future local lockdowns were rated the […]
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