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Limited businesses can apply for exemption to self-isolation

The government will allow important parts of critical industries to carry out daily testing instead of requiring staff to self-isolate to try and reduce the impact of the ‘pingdemic’ Workers…
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SMEs feel confident but frustrated by lack of financial backing

SME owners are feeling more optimistic and are keen to invest in growth but are frustrated by the mix of financial options open to them, according to a survey from…
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Using Cash Basis to workout your income and expenses for your Self Assessment tax return

‘Cash basis’ is a way to work out your income and expenses for your Self Assessment tax return, if you’re a sole trader or partner. Why use cash basis If you…
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Grappling with SEISS 5 and the new turnover test

With the fifth in the series just days away, the Self-Employed Income Support Scheme (SEISS) seems intent on overtaking the Fast and Furious film franchise (which currently stands at nine).…
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The Seven Key Causes of Poor Cashflow

Accounts receivable process A poor accounts receivable process will result in debtor days (the time between billing and banking) being too high.  This will stifle your cashflow.  There are many…
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Employees will quit if not offered flexible working post COVID-19

Almost half, 47%, of employees surveyed from across the UK, would consider leaving their job post-covid-19 pandemic if they are not afforded some form of flexibility in where and when…
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Making Tax Digital rollout under the spotlight

The rollout of Making Tax Digital may have slowed due to the pandemic but there is low awareness about the next stage covering landlords, small business and partnerships, warns Kevin…
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£5.5bn paid in fourth SEISS grants

The latest Self-Employment Income Support Scheme (SEISS) figures show that two million self employed individuals have claimed for the fourth grant HMRC figures indicate that £5.5bn has been paid out…
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New approach could narrow scope of R&D tax relief

R&D tax relief has been a valuable source of innovation funding for thousands of UK businesses since it was first introduced but HMRC’s approach to subsidised expenditure could soon see…
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Covid-19: HMRC issue briefing on collecting tax debts

HMRC have issued a briefing setting out their approach to collecting tax debts and customer support as the UK emerges from the Covid-19 pandemic. The briefing sets out: •what HMRC…
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