NEW AUTHORISED ECONOMIC OPERATOR PORTAL OPENS 1 JUNE

The Government are still committed to the transitional Brexit period ending on 31 December 2020 and businesses trading with the EU need to make sure they are ready for major changes. If you are applying for Authorised Economic Operator (AEO) status from 1 June 2020, you must submit them through the EU Customs Trader Portal.[…]

CAN WE FURLOUGH THE COMPANY CAR?

During the lockdown period many employees and directors have not been using their company cars and they have been left sitting in the driveway. You might think that means that the benefit of having a company car does not apply, but unfortunately HMRC do not agree. HMRC have recently confirmed that there continues to be[…]

MAKING TAX DIGITAL DURING COVID-19

Three things that have made lockdown manageable: my daily walk, many chocolate biscuits, and the cloud. No, not the cloud I watch float by my window as I daydream about my next getaway, but cloud accounting. It’s tough to comprehend what the past few months would have consisted of if the movement towards making tax[…]

PHISHING – TAKE CARE AND BE AWARE

The phrase ‘phishing’ is an analogy of an angler throwing out a baited hook in the hope that you will bite! Disguised as an important email from a colleague, friend, or business, phishing is becoming more sophisticated and appears to be the on rise throughout the Coronavirus pandemic. According to cybersecurity company KnowBe4, Coronavirus-related phishing[…]

MORE DETAILS ON SELF-EMPLOYED GRANT SCHEME

Like the CJRS scheme for employers, the initial HMRC guidance on the grant scheme to support the self-employed and members in partnerships was also very vague. The self-employed income support scheme (SEISS) allows the self-employed to claim 80% of their average profits for the period up to 2018/19, limited to £2,500 a month, initially for[…]

LEADING A REMOTE TEAM DURING UNCERTAIN TIMES

The uncertainty faced by businesses around the world will test even the greatest managers and leaders. There are some key steps that you can take to ensure your team feel supported, engaged, and ready to tackle what comes next. Communicate and then communicate some more Uncertainty produces anxiety throughout your team, other employees, your firm’s[…]

CONSIDERING YOUR POST-LOCKDOWN STRATEGY

Now is the time to start considering how you can grow your business after lockdown, focusing on potential goals, opportunities or cultural change. Set out your goals The current disruption being experienced by businesses across the world is a huge challenge. However, it may also be an opportunity for your firm. Start by thinking about[…]

2020 BUDGET ANNOUNCEMENTS

On the 11th of March, the 2020 budget was announced by Chancellor Rishi Sunak. We have summarised the relevant updates, including those that have recently been amended by Covid-19. We hope you find this information useful. As always, if you have any further enquiries please don’t hesitate to get in touch with a member of[…]