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10 Chartered Accountants

News

Vaccine rollout prompts SME optimism about prospects for 2021
22 March 2021

New research has found that SMEs across the UK are feeling increasingly optimistic about their prospects for the rest of 2021, after the success of the vaccine rollout. The Barclaycard Payments Barometer research found that SMEs expect to grow their revenues by an average of eight per cent. London SMEs, meanwhile, expect to see...
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Post-Brexit timetable: the key dates you need to know about
19 March 2021

While the UK officially left the European Union on 1 January 2021, the planning and preparations do not stop there. Ahead of the new tax year, we look at the key dates and rule changes your business needs to know about. March 2021: the Brexit Recovery Fund opens for applications
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SME Brexit Support Fund goes live
19 March 2021

The Government has now launched its £20 million SME Brexit Support Fund – apply today! The SME Brexit Support Fund has been designed to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who trade only with...
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The Coronavirus Business Interruption Loan Scheme is closing soon – Apply today!
15 March 2021

The Coronavirus Business Interruption Loan Scheme (CBILS) is due to end on 31 March 2021, after which no further applications for the scheme can be made. CBILS allows businesses to apply for a loan of between £50,001 and £5 million up to 25 per cent of their annual turnover from lenders accredited the British Business Bank.
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Repaying COVID-19 Government-Backed Loans
15 March 2021

Businesses that have used the Coronavirus Business Interruption and Bounce Back Loan schemes may soon see their 12-month payment-free period end soon. Businesses that took out a loan when they were first launched last year will have to begin repaying the money lent to them from May, unless they are able enjoy a repayment holiday...
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Newly self-employed asked to complete pre-verification checks before applying for fourth SEISS grant
15 March 2021

Newly self-employed taxpayers may be required to undergo pre-verification checks before they can access the fourth self-employment income support (SEISS) grant, it has been revealed. HM Revenue & Customs (HMRC) wrote to over 100,000 businesses recently informing them about the changes. The move comes after the Chancellor...
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Preparing for the upcoming changes to furlough
15 March 2021

The Coronavirus Job Retention Scheme (CJRS), more commonly referred to as furlough, will now be extended until the end of September this year following confirmation in the recent Chancellor’s Budget. First introduced a year ago, the scheme has provided an essential lifeline to employers, helping them shoulder the employment...
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Take advantage of the super-deduction from 1 April 2021
15 March 2021

At the start of April, the Government will introduce the new super-deduction and special rate first-year allowance to help businesses invest in qualifying plant and machinery, as the nation looks to rebuild. This new capital allowance scheme will be available to companies from 1 April 2021 to 31 March 2023, offering them an...
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Reporting under DAC 6 required for “limited time” as HMRC transitions to international disclosure rules
11 March 2021

HM Revenue & Customs (HMRC) has confirmed that the UK will replace the European Union cross-border tax arrangement rules “as soon as practicable”, but some aspects will continue to be enforced for a “limited time”. In an update to agents, the regulator said it will consult on and implement the Organisation for Economic Co-operation...
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Keep your supply chain strong with three top tips
08 March 2021

With manufacturing slowing and anxiety growing, reinforcing your supply chain post-Brexit has never been more important. Many different factors can affect a supply chain, not least the complications created by the new customs and trade arrangements. Here are our three top tips to keeping your business moving post-Brexit and beyond.
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