News & views

Businesses are urged to file online and earlier than usual this year

HM Treasury has announced that the £1 million tax break to support business confidence is to be extended. 

With the second lockdown now in place across England, and many businesses required to close, the government has announced changes to the support measures available including the Job Retention Scheme (Furlough Scheme), Bounce Back loans and local council grants.

There are a number of financing options available to businesses who have been negatively impacted by the coronavirus pandemic. 

•    Early tax rises would hit business and consumer sentiment
•    Businesses also want assistance targeted at those that need it – more means checking and anti-fraud checks
 

The Coronavirus Job Retention Scheme (CJRS), (which was due to end at the end of October), has been extended for another month with employees receiving 80% of their current salary for hours not worked up to a maximum of £2,500.

The Chancellor has recently announced an extension to the Self-Employment Income Support Scheme (SEISS)  with a third and fourth grant becoming available, covering the period of November 2020 to April 2021.

You can claim tax relief for the whole year, worth £60 or £125 depending on your tax band even if you have only had to work from home for just one day.

QuickBooks have announced a raft of new features designed to help you get more out of your accounting software.

The government have announced today some significant changes to provide additional financial support to businesses and employees affected by the coronavirus.