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All news by: Robert Macdonald

Extension to recovery loan scheme

The Recovery Loan Scheme (RLS) is currently open to businesses of any size to support them to access loans and other kinds of finance so they can recover after the pandemic and transition period, this replaced the former schemes of CBILS and BBLS.

What are the tax collection options?

If you do not pay your tax bill on time and cannot make an alternative arrangement to pay, HMRC can take ‘enforcement action’ to recover any tax you owe.

Tax-free property and trading income allowance information

You can claim up to £1,000 each tax year in tax-free allowances for property or trading income. If you have both types of income, you will qualify for a £1,000 allowance for each.

How to import goods into the UK

If you are new to the import process this beginners check list will provide you with what you need to do.

New R&D Tax Credit Cap imposed for PAYE

The PAYE cap, which was first mentioned in the 2018 Budget, is finally becoming law for accounting periods beginning on or after 1 April 2021.   

£375,000 Grant Fund Available For Solent SME's

With the continual government guidelines being introduced or changed, many business owners are having to incur expenditure on more or different measures of safety due to COVID-19 having a large influence on how businesses are allowed to operate.

Related Parties

There have been some subtle changes to who is now classified as a related party and subsequently a potential increase in the related party disclosures required in the year end accounts.  An individual or organisation is a natural related party under any of the following circumstances: