Category: News

What to do about deferred VAT payments – everything you need to know.

Back March 2020, when Covid first locked down the UK, HMRC announced that they would allow business owners to defer VAT payments due between 20 March 2020 and 30 June 2020 to 31 March 2021, helping struggling businesses during the pandemic. This came as welcomed news to many businesses operating across a diverse range of…

Government backed coronavirus loans – everything you need to know

Government backed coronavirus loans – everything you need to know Since the pandemic began wreaking havoc throughout the UK economy, the Government has been working hard to protect businesses across a diverse range of sectors, after many have been forced to close their doors during periods of lockdown. However, many businesses have found it difficult…

Further easing of Covid restrictions confirmed for 12 April – what does this mean for UK businesses?

It was the news we were all waiting for in anticipation. On Monday 5th April 2021, Boris Johnson announced to the nation that further easing of Covid restrictions would go ahead as planned in the roadmap on April 12. But what does this mean for UK businesses? This means that outdoor pubs, shops, gyms, outdoor…

Covid-19 a year on – what does it mean for the economy?

Can you believe that it has been a year since the UK government plunged us all into a nationwide lockdown? A lockdown that seen offices close, shops shut and the nation told to stay home and only leave for essential purposes. During the first few weeks of the pandemic, no one could have ever anticipated…

How much dividend can I take?

Taking dividends is one of the most tax efficient ways to take money from a limited company. But what exactly are dividends and how much can you take? What are dividends? Dividends are the payments made to company shareholders from the business’ profits. So, if the business has made a profit, these earnings can be…

Buying a property through a Limited Company

Whether you’re a contractor, business owner or independent professional operating via a Limited Company, you might have already thought about buying a property through your business. This way of tapping into the property market is not uncommon, however, there are lots advantages and disadvantages of purchasing a property in this way that is certainly worthwhile…

How does a director leave a limited company?

There are many reasons why a director may need to resign from a limited company. In some cases, they may be asked to resign following a dispute with the company’s other directors or shareholders. Alternatively, it may be the director’s own decision. Whatever the reason, there are a number of steps that must be taken…

Adding a director to a limited company

Adding a director to a limited company When you set up a limited company, you will be required to have at least one director, as well as at least one shareholder. However, once the company has been set up, you might find that you want to expand your team of directors, or replace one of…

How much is it to set up a limited company?

How much is it to set up a limited company? A record number of businesses have been set up during Covid-19, with more people than ever before make their dream of launching a business and doing what they love a reality. According to analysis conducted by the Centre for Entrepreneurs, 500,000 companies were launched in…

The new Brexit VAT rules

The new Brexit VAT rules It’s highly likely that you’ve heard about the new Brexit VAT rules for imports and exports, which came into force on January 1st. But, if you haven’t, you’ve certainly landed in the right place. We have created a helpful guide outlining everything that you need to know. This new model for…

Your guide to self-assessment tax return

Your guide to self-assessment If you find the thought of filing your self-assessment tax return form a daunting prospect, you’re certainly not alone! It’s a common misconception that filling out your self assessment form is a complex process when in fact, if you are organised, prepared and understand what you need, the process can be…

Furlough Scheme Extended in Response to Latest Lockdown

Furlough Scheme Extended in Response to Latest Lockdown As England and Scotland return to a full lockdown, the Furlough Scheme has once again been extended in order to support businesses and employees who are unable to work as a result of the restrictions.   The scheme was originally due to end at the end of…