Insights

On Saturday 4th April 2020 the Government provided some further, and very welcome, additional clarification on the Job Retention Scheme.

Many business owners will have been contemplating the sale of their business in 2020 and then along came COVID-19 and shattered their hopes and dreams.

When someone dies, their estate will still be liable for income tax and capital gains tax during the estate ‘administration period.’ This is the period during which the personal representatives apply for probate, collect in the deceased’s assets and pay their liabilities.

Support for business owners has never been more important than right now. You may have already registered for our two free business advisory online training courses, no strings attached

This is widely regarded as a Chinese saying: “May he live in interesting times.” Well we certainly are doing that during this COVID-19 crisis. Business viability may seem secondary to keeping all your team fit and well, but really must operate in tandem.

Welcome to the AISMA Doctor Newsline spring 2020 edition. At the heart of medical finance...

We are delighted to offer two business advisory complimentary courses as valuable support to business owners and their teams.

The level of disruption to the country’s way of life is unprecedented. The spring planting season has, however, continued apace and whilst the recent flooding is still very much in our memory, agriculture has never had a more important role to play. There is plenty of work to do in the field, but the legacy of the recent winter will continue to affect rural business’ financial positions.   

Government guidance was updated on 4 March to confirm that if you’re the director of your own company, you may benefit from the JRS in relation to salary, which is paid to you through PAYE.

MHA Larking Gowen are delighted to announce that their Tax Practice have today been shortlisted for an award in the category of Best Employer in Tax at this year’s national Tolley’s Taxation Awards.

Despite having helped many businesses with cash flow management issues in the early 1990s and 2008 economic crashes, I think we’re now living in a period where the phrase “cash is king” has never been so true.

To help businesses through the COVID-19 crisis we are offering two complimentary online training courses to anyone, free of charge and without obligation. 

Announcements on COVID-19 support measures have continued at a rapid pace. Our aim here is to summarise these announcements and let you know what’s changed.

When the government recently introduced the Coronavirus Business Interruption Loan Scheme (or CBILS), offering to guarantee 80% of loans made by banks, there was much hope that this would make a real difference for desperate businesses looking to survive through this crisis. 

MHA Larking Gowen do not provide employment law advice but we are able to share the attached template for a furlough letter which has been prepared in its entirety by Croner-i Business essentials and made available with their kind permission.

Over the past few weeks, we’ve seen the Chancellor unveil an unprecedented number of financial measures to support those impacted by the Coronavirus. 

Last week, Rishi Sunak announced that self-employed people in the UK will be able to claim support worth 80% of their average monthly profits, in an “unprecedented” move to cover the impact of Covid-19.

The COVID-19 pandemic has caused great unrest through the global economy and caused radical fluctuations in the value of business and other assets. Many taxpayers will own assets which have fallen in value, such as stocks and shares, and are now wondering how to react, if at all.

We’ve listed below a round-up of developments in COVID-19 support measures for charities and other news from the past few days.

MHA Larking Gowen is to welcome two new partners, John Atkins and Louise Dean, who will be based at our Norwich and Colchester offices.

Many of you will have read or heard of ‘The 7 Habits of Highly Effective People,’ an acclaimed personal development book written by the legendary Stephen R. Covey. It’s a masterpiece of timeless principles and insights on how to be, well, more effective!

When somebody dies, their personal representative must pay the inheritance tax (IHT) due by the end of the sixth month after the death. So, if someone died on 1 January 2020, the inheritance tax would be due for payment on 31 July 2020.

Some of you may be wondering how the current crisis is affecting Probate. Here’s what we know. 

Government guidance suggests that if you’re the director of your own company you may benefit from the Job Retention Scheme (JRS) in relation to salary which is paid to you through PAYE.

Under the JRS, all UK employers will be able to access support to continue paying part of your employees’ salary for those employees that would otherwise have been laid off during this crisis and to avoid redundancies.

The Chancellor has finally unveiled his support package for the country’s 5 million self-employed. 

This is a very uncertain time for all of us. To support our clients and the wider business community through this difficult period, here are some things that you can do now to help.

Announcements on COVID-19 support measures have continued at a rapid pace. Our aim here is to summarise these announcements and let you know what’s changed.

Our Motor Dealership business continuity information series is all about managing the ramifications of the COVID-19 outbreak 

‘Cash is king!’ However profitable you are, without access to cash (either physical or in an online account), you won’t be able to pay your bills and your business will be in trouble.