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Monday, 10 May 2021

Self-Employment Income Support Scheme (SEISS) fourth grant

Applications have now opened for the fourth SEISS grant, which covers February, March and April 2021.

Blog

Friday, 07 May 2021

Locum GPs: Eligibility for the fourth SEISS grant

Self-employed locum GPs may be eligible for a government grant of up £7,500 to cover lost earnings due to COVID-19. Applications are now open for the fourth Self-Employment Income Support Scheme (SEISS), which covers February, March and April 2021.

Blog

Friday, 23 April 2021

The SRA’s new Standards and Regulations: One year on

As you will be aware, the SRA introduced their new Standards and Regulations on 25 November 2019. These incorporated the new SRA Accounts Rules which were simpler and far shorter than the previous SRA Accounts Rules 2011

Blog

Thursday, 22 April 2021

Is this company vehicle a car or a van?

Whilst vans enjoy favourable benefit in kind treatment, what you think is a van may be a car for tax purposes. Tessa discusses HMRC guidance for double cab pick-ups and combi vans.

Blog

Tuesday, 20 April 2021

Medical practices: Annual accounts preparation

Louise highlights a number of things that medical practices can do to make sure that the annual accounts preparation runs smoothly and to reduce the number of queries the accountant may ask.

Blog

Friday, 16 April 2021

Challenging times for the dental profession

Melanie discusses the challenges facing Dental practices in the current climate as well as the long-awaited reforms to the NHS Dental Contract.

Blog

Thursday, 15 April 2021

Is UK residency another symptom of COVID-19?

In 2020/21 a combination of national lockdowns, travel bans, and quarantine orders left a number of British citizens, expats and foreign nationals either forced into returning to the UK or unable to leave. How could this have affected your tax residence position for that year?

Blog

Thursday, 15 April 2021

Changes to the 2021/22 GMS contract for GPs

Details of the GMS contract for 2021/22 for England have recently been announced. Mel discusses the main financial headlines.

Blog

Thursday, 08 April 2021

When we want your opinion…

Chris Greeves delves into the Government's plans to remove low duty diesel and the repercussions for farming businesses.

Blog

Wednesday, 07 April 2021

Final Pay Control (FPC)

Medical accounting specialist, Louise Dean, looks at the Final Pay Control (FPC) and its impact on NHS Scheme members.

Blog

Wednesday, 31 March 2021

Business Sale Readiness Factor #2: Profit maximisation

In his latest blog in the Business Sale Readiness series, James sets out three differentiators of businesses that maximise their profits from those that don’t.

Blog

Friday, 26 March 2021

Tax Day – what news did it bring?

Partner, Sally Farrow, looks back at Tax Day and gives her summary of the key announcements.

Blog

Wednesday, 24 March 2021

ELM schemes: further details released

Partner and farms and landed estates specialist, Steve Rudd, highlights the latest details about the Sustainable Farming Incentive.

Blog

Tuesday, 23 March 2021

Legal sector webinar provided insights into the future

Recently our Legal team hosted a webinar providing insights into the future of the legal profession in light of the COVID-19 pandemic, as well as discussing the SRA rules a year on. John's blog discusses highlights of the webinar and how you can watch a recording.

Blog

Monday, 22 March 2021

HMRC VAT written enquiries and clearances

In a recent Upper Tier appeal the taxpayer was found to have a reasonable excuse against a VAT penalty issued by HMRC. The Tribunal found that after writing to HMRC, the response the taxpayer received was 'not as comprehensive in its answers as it might have been.'

Blog

Monday, 22 March 2021

SDLT holidays: Sun, sea… and CGT?

If you’re looking to sell a residential property in the UK in the near future (which could potentially include your main home) it’s important to consider your exposure to capital gains tax. There are scenarios where you may think your home is exempt from capital gains tax, but that may not be the case.

Blog

Thursday, 18 March 2021

Making Tax Digital: ‘Digital links’ compulsory from 1 April 2021

From April 2021, digital links will be a mandatory requirement of the Making Tax Digital legislation for all businesses currently enrolled (or required to be enrolled) for Making Tax Digital. Daniel's blog explains what digital links are and what you need to do to be compliant.

Blog

Wednesday, 17 March 2021

HMRC Trusts Register – new rules

The Trusts Register (TRS) was introduced in 2017 and requires trustees who pay Income Tax, Capital Gains Tax, Inheritance Tax, Stamp Duty Land Tax and Stamp Duty Reserve Tax to register their trust online. For those trustees without tax liabilities, no registration has previously been required. However, under the new rules, some trusts will need to register.

Blog

Tuesday, 16 March 2021

Tax Day – what could we see ahead?

On Budget days, we usually see the publication of consultations and ‘calls for evidence,’ which give us an insight into the Government’s plans for possible future changes. However, this year has been shaped a bit differently by the Government and we now have Tax Day, on 23 March. What tax changes might we expect to see in the future?

Blog

Tuesday, 16 March 2021

VAT partial exemption and COVID-19 – do you need to urgently propose a special method?

HMRC will release guidance soon in respect of businesses proposing a ‘time-limited’ special method to minimise the impact of COVID-19. The special method must be submitted to HMRC before the end of the VAT year so if you have a March year end, there's less than a month to formulate and propose a method to HMRC.

Blog

Friday, 12 March 2021

Environmental Land Management scheme: Light at the end of the tunnel?

Ever since the launch of the Health and Harmony consultation early in 2018, the question of the design and financial impact of the proposed Environmental Land Management scheme (ELMS) has been a matter of concern and conjecture for farmers and land managers. 

Blog

Wednesday, 10 March 2021

Self-Employment Income Support Scheme: further grants

The Chancellor made use of last week’s Budget 2021 to announce a further welcome extension, and some changes, to the Self-Employment Income Support Scheme (SEISS).

Blog

Monday, 08 March 2021

Budget 2021 – What’s in it for agriculture?

Farms and Landed Estates Partner, Steve Rudd, looks at new initiatives brought out in the Budget, and applies them to the agricultural sector.

Blog

Friday, 05 March 2021

Budget 2021 – Mostly harmless, or with a sting in the tail?

Although the Budget may have offered relatively little for the agricultural sector, Bruce Masson focuses in on the key points of interest. 

Blog

Friday, 05 March 2021

Budget 2021: No change to Capital Gains Tax rules for business sellers… for now!

Phew, no change to Capital Gains Tax rules for business sellers… for now at least! Could now be the time to implement your succession plans before Rishi takes action at the next Budget? 

Blog

Friday, 05 March 2021

Is a bird? Is it a plane? No! It’s the super-deduction!

Tax specialist, Sarah Lambert, looks at who can take advantage of the new super-deduction, and what we know so far.

Blog

Thursday, 04 March 2021

Extension to the furlough scheme

In his Budget statement on 3 March 2021, Rishi Sunak confirmed the Coronavirus Job Retention Scheme (furlough) is to be extended until 30 September 2021.

Blog

Thursday, 04 March 2021

What is the new Recovery Loan Scheme?

As part of the Budget announcement, Rishi Sunak announced that the Bounce Back Loan and Coronavirus Business Interruption Loan schemes will end as planned on 31 March 2021. These schemes will be replaced by the new Recovery Loan Scheme. What is the Recovery Loan Scheme and who is eligible?

Blog

Thursday, 04 March 2021

Extension to the reduced VAT rate for the tourism, leisure and hospitality industry

In his Budget statement the Chancellor has confirmed that the reduction in VAT for tourism, leisure and hospitality businesses from 20% to 5% has been extended by six months until 30 September. It will then rise to 12.5% for the following six months before returning to the standard rate of 20% in April 2022.

Blog

Wednesday, 03 March 2021

Business Sale Readiness Factor #1: Key attractions

What makes a business stand out from a crowded marketplace? What are the key aspects that attract serious buyers and persuade them to pay good money to complete a business sale deal? James sets out some of the key factors which separate good businesses from attractive businesses.

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