Insights

In late March HMRC announced they would be offering support to self-employed businesses by way of a grant of up to 80% of your average earnings over the 2017, 2018 and 2019 tax years.

A recent report from Mark-to-Market titled ‘April 2020 valuation barometer’ painted a positive picture in terms of deal volumes and values achieved across the UK mergers and acquisition markets (M&A) for the period 1 January to 31 March 2020 (Q1).

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.

On Monday 27 April the Chancellor unveiled a new scheme aimed at providing more assistance to small businesses.

Whilst the Government has communicated the support available for businesses and the self-employed, for many, navigating the numerous assistance packages available can be a confusing and stressful experience.

Profits (and losses) for farm businesses are known to fluctuate quite substantially year on year for a number of reasons which are often beyond the control of the farmer.  

On 11 March 2020 the World Health Organisation declared the spread of coronavirus (“COVID-19”) a global pandemic and the UK government has taken unprecedented steps to protect the economy, businesses and jobs during these very difficult times.

To navigate this uncertainty, timely access to cash resources will be critical and strong short-term liquidity management is necessary.

Companies are facing many uncertainties connected with the COVID-19 outbreak. These are affecting their current situation and are also likely to affect their prospects for a considerable period of time.

During the current crisis it is important that we can continue to receive and process your accounts documentation. This can be tricky whilst maintaining social distancing. To help we are currently offering all clients the use of an online application called Receipt Bank at no cost, until October 2020.

The COVID-19 pandemic is touching all aspects of our lives. Even though the Government is providing comprehensive support through this difficult time, the personal financial circumstances of many will be dramatically affected by the crisis.

If you have previously dismissed claiming child benefit as your income is over the £60,000 per annum threshold, now is a good time to review your situation and maybe start to reclaim.

Although it may feel like it was only yesterday that you finalised your self-assessment tax return for the 2018/19 tax year, the uncertainty arising from the COVID-19 pandemic means there is more value than ever in supplying us with the information required to complete and file your 2019/20 tax return early

Cash flow management is crucial at this time. Be realistic, face issues head on, don’t ignore them and don’t panic. 

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.

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.