Category Archives: Uncategorized

Self-Employed – claiming the fifth grant

HMRC has published a policy paper covering the fifth SEISS grant; more detailed guidance will soon be available but the amount ( to cover the period May 2021 to September 2021) will be determined by how much turnover has been reduced in the 2020/21 year: Turnover Reduction Rate Applicable Maximum Grant  30% or more reduction […]

Are you considering a mortgage and are self-employed or an owner/director of your own company?

This year we have seen an increase in business people contacting us regarding obtaining a mortgage.  So far so good, however the problem is that they have been using an unqualified accountant.   This has only been discovered when the mortgage company rejected their accounts on the basis they had not been prepared by an accountant […]

Extension of the loss carry back rules

Following the recent budget, it appeared that owners of furnished holiday lets (FHL) would be able to use the new extended loss carry back provisions.  This would have allowed losses to be carried back three years during a specific time period.  Unfortunately, the Finance Bill 2021 has been tweaked and does not allow FHL businesses […]

BUDGET 3 MARCH 2021 – Key points

Measures to mitigate the impact of Coronavirus Extension of the Coronavirus Job Support Scheme (‘furlough payments’) to September 2021 across the UK, with employer contributions to salary from July Fourth Self Employment Income Support Scheme grant covering February to April 2021 to claim from late April, similar to first three grants – and newly self-employed […]

Companies House – a change in what is filed for small and micro companies

At the moment a small company has nine months to file its accounts with Companies House.  A small company can also file less information at Companies House such as removing the profit and loss account. There is a consultation in progress to change the way small companies file information and this process which closed on […]

Thinking of giving money or an asset away to a loved one before you die? Consider doing it now

There has been much speculation on what the Chancellor may or may not do in this March 2021 budget.  Most of the suggestions consider the necessity to clear the huge debt this country is now burdened with due to the pandemic.  Some tax planning may be too late now such as selling a second property […]

Are taxes set to rise for the middle-class and above?

With the debt increasing by the hour due to the Governments restrictions on trading businesses resulting from Covid-19, it is becoming very clear that the way the Government tries to balance its books must change.  One such way, suggested by the ‘Wealth Tax Commission’, is to charge a wealth tax on anyone who’s wealth is […]