The new year is bringing in some exciting potential changes to business rates. Our government is conducting a review of the entire business rate system, with results likely to be announced in Spring 2021. This is occurring due to the widely held opinion that the current system is in need of updating since it is…
New year, new you. We’ve all gotten through a tough year and are entering one which may only get tougher. However, this is the best time to reflect and put into practise everything we have learned. The way in which business is conducted may be changed forever, and it is true that certain things will…
We are now firmly out of the Christmas and New Year period, which means we are now firmly into 2021. 2020 has been, popularly, named “the worst year ever”, “the crisis year” and other such sensational names. All over the world, people have been expressing their relief that it’s over. A year is just a…
You may think that at the end of a long hard year, like 2020, your staff and customers deserve an extra bonus or gift so you can show your gratitude. Gifts for your customers do fall into the category of entertainment, an expense which is not usually tax-deductible. However, there are some exceptions to this…
As Dolly Parton iconically sang, regular 9-5 working hours can be soul-destroying. Although it is true that for some people, working the same hours every day and sticking to a structured routine can be beneficial, for many of us, it has been linked to higher incidences of stress-related illnesses. Where did the 8-hour workday come…
Working from home is one of those things that works better for some people than others. If you are naturally self-motivated and prefer your own company, it can be a preferable option to commuting to an office every day. When we consider also the disparity in opportunities available in different parts of the country, with…
With the new lockdown imposition, the government has announced extensions to the self-employed income support scheme (SEISS). This is in the form of two more grants, which are available to apply for. Similar to the job retention scheme, the government is paying up to 80% of self-employed peoples’ profits. The total grant is based on…
As is the case in any situation where large sums of money are involved, a new type of financial crime has snuck onto the scene. This crime is Covid Fraud. With 150 support schemes announced by the government, the guidance for which being woolly at times, vulnerable people in need of support have found themselves…
With Covid-19 restrictions having stunted a lot of businesses’ incomes, government loans have been helpful in the short term. However, these grants and loans were temporary fixes only. They did not prepare business owners for the second wave. Using loans for unavoidable losses and expenses results in an ever-growing money sinkhole. If, as a business…
You probably wonder what it is we get up to on our day-to-day. Do we spend all our time crunching numbers? Or do we take a break to play with our spreadsheets? Read on for a look into a day in the life of one of our accountants. 6:00 AM Rise. No alarm needed. I…