Author Archives: Pauline

HMRC – Covid-19 Update on CJRS and SEISS

Today (29‌‌ May) the Chancellor, Rishi Sunak, announced more details about the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme, and we’ve outlined these below for you. Coronavirus Job Retention Scheme The Chancellor has announced three changes to the job retention scheme: From 1‌‌ July 2020, the scheme will

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Coronavirus: Help and advice for landlords

Landlords are not eligible for many of the schemes available for businesses to help mitigate the effects of the lockdown. Weathering the storm requires careful financial management. Limited options for landlords Landlords do not have a go-to safety net, such as the furlough scheme, to ease pressure on their income. This includes those whose primary

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HMRC – COVID-19 online support

The government is committed to doing whatever it takes to support businesses and individuals through the coronavirus pandemic and the following webinars have the information, guidance and tips to help you to support your clients. There are a limited number of spaces, so save your place now. Coronavirus COVID-19 Statutory Sick Pay Rebate Scheme: Providing an overview

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Self-employment Income Support Scheme (SEISS) explained

Source:  Croner-I Tax Webinar Join our expert, Stephen Relf, for practical advice around SEISS claims and grants, including: What is the SEISS? Understanding the eligibility conditions What are the exclusions from the SEISS How to calculate trade profits and total income How to calculate the grant How to make a claim And payment of the

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Covid-19: furlough scheme to run till October

The Coronavirus Job Retention Scheme is to be extended by four months and employers will be able to bring back furloughed employees part-time, as part of the government’s plans to ‘re open the economy’, the Chancellor has announced Reporter, Accountancy Daily, published by Croner-i Addressing the House of Commons earlier today, Chancellor Rishi Sunak said: ‘The

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Covid-19: self employed scheme opens early

The Treasury has formally launched the self employment income support scheme (SEISS) for self employed individuals or members of partnerships whose business has been adversely affected by coronavirus, with payments expected before the end of the month Reporter, Accountancy Daily, published by Croner-i Ltd The department says the scheme is up and running weeks ahead of its

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HMRC – Support for Businesses and Individuals

The government is committed to doing whatever it takes to support businesses and individuals through the coronavirus pandemic and the following webinars have the information, guidance and tips to help you to support your clients. There are a limited number of spaces, so save your place now. Coronavirus COVID-19 Statutory Sick Pay Rebate Scheme: Providing an overview

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Covid-19: bounce back loans launch for small business

The bounce back loan scheme offering small businesses easy-to access loans of up to £50,000 has officially opened on 4 May, with the cash promised within days Pat Sweet Reporter, Accountancy Daily, published by Croner-i Ltd Thousands of small firms and sole traders are eligible for 100% government-backed bounce back loans of between £2,000 and

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A guide to the Self-Employment Income Support Scheme

By   Nichola Ross Martin The government has accelerated the launch of its Self-Employment Income Support Scheme, and the first applications will be taken between May 13 and May 18, with payments following six working days later. Applications can only be made by the individual, but agents are encouraged to coach their clients on how

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Update from HMRC

This week we have started contacting self-employed customers who we think could be eligible for the Self-Employment Income Support Scheme (SEISS), based on the information they provided in their 2018 to 2019 tax return. We’re inviting customers to use our online checker which will quickly confirm whether they are eligible and will give customers a

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The self-employed income support scheme (SEISS)

The self-employed income support scheme (SEISS) will be open for applications from 13 May, but tax agents are barred from claiming the grant on behalf of their clients. 5th May 2020 – Source Accounting Web HMRC has also appealed to tax agents to help their clients prepare, but tax agents won’t be able to access

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Update from HMRC

This week we will start contacting people who may be eligible for the new Self-Employment Income Support Scheme. It is worth using the online tool now to see if you are eligible https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference If they are eligible, this scheme will allow them to claim a taxable grant worth 80% of their trading profits up to

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The Pensions Regulator Automatic enrolment

The Pensions Regulator Automatic enrolment: qualifying earnings thresholds increased on 6 April 2020, workplace pensions earnings thresholds changed. The lower threshold of qualifying earnings increased to £6,240, but the upper threshold and the earnings trigger remained the same, at £50,000 and £10,000 respectively. You should make sure that any software you or your clients use

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Small businesses boosted by bounce back loans

New 100% government backed loan scheme for small business Published 27 April 2020 From: HM Treasury ·         businesses will be able to borrow between £2,000 and £50,000 and access the cash within days ·         loans will be interest free for the first 12 months, and businesses can apply online through a short and simple form

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HMRC – Covid-19 Support

The government is committed to supporting people, employers and businesses through the coronavirus (COVID-19) pandemic and HMRC has a range of online support for you. If you’ve missed any of our live webinars, you can catch up with our series of recorded webinars on HMRC’s YouTube channel – available at a time to suit you.

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Small business gets 100% state-backed loan lifeline

Chancellor Rishi Sunak unveiled a new 100% government-backed loan scheme which will provide loans of up to £50,000 for small businesses from Monday.   28th Apr 2020 – Source Accountancy Web The Bounce Back Loan Scheme will enable small businesses affected by the pandemic to borrow between £2,000 and £50,000 in an initiative described by the Chancellor

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A word about scams from HMRC

Stay vigilant about scams, which may mimic government messages such as ‘Stay at home’ and ‘Stay home, stay safe’, as a way of appearing authentic and unthreatening. Don’t give out private information or reply to text messages, and don’t download attachments or click on links in texts or emails you weren’t expecting. You can forward

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Refund Policy

For online payments taken via the Invoice Payment page, no refunds can be given as payment is only taken after my service has been provided.