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June 2021

SEISS fifth grant update

The government’s online service for the final self-employment income support scheme grant (SEISS) will be available some time around late July. If you are eligible to make a claim for the May 2021 to September 2021 period, HMRC will contact you from mid-July to inform you of the date you can make a claim from. 

June deadlines for the Covid related VAT deferral payment scheme

If you do not set up a payment plan or pay your liability in full, you may be charged a 5% penalty or interest by HMRC. To avoid this, you can either join the new payment scheme before the deadline of 21 June 2021 or pay off your deferred VAT in full by 30 June 2021. 

Understanding the benefits of using cloud tools when creating a cash flow forecast

Every business should monitor and understand their cash flow. To fully understand your business’ cash flow, you will need the most up to date financial information about your business. Cloud accounting software gives you the ability to access your business’ whole financial picture all in one place, at any time. 

End of furlough: are you prepared?

There is still a large number of employees in the UK that are furloughed. However the furlough scheme (also known as the Coronavirus Job Retention Scheme) is scheduled to end this year.