What is Business Asset Disposal Relief? Business Asset Disposal Relief applies to the sale of a business, shares in a trading company or an individual’s interest in a trading partnership, meaning that you’ll pay tax at 10% on all gains…
Last week, the Financial Conduct Authority (FCA) announced that they would be extending the deadline for mortgage payment holiday applications until 31st March next year. This means that homeowners whose finances have been affected by COVID-19 can apply for mortgage…
The UK officially left the EU at 23:00 GMT on 31 January 2020 after 47 years of membership. A transitional period is in place until 31 December 2020 during which time the UK and EU continue to trade as before,…
To say the Covid-19 pandemic has been an uncertain time for the economy would be an understatement. But, ensuring that your business is operating with an efficient cash flow and forecasting will help aid your business through these unprecedented times.…
Why saving money is more important now than ever In 2019, the average household energy bill cost £1,184, according to an Ofgem report. This year, with more people than ever working from home due to the pandemic, this price…
The Prime Minister, Boris Johnson speaking at a press conference on Saturday night, 31 October 2020, confirmed widespread expectations of a second national lockdown in England to help stem the growing resurgence of the coronavirus. The Government was faced with…
The Chancellor, Rishi Sunak, has today delivered a statement to the House of Commons outlining plans to help protect jobs across the UK whilst the country faces a resurgence of coronavirus and a winter of uncertainty. The Chancellor was facing…
The extension of Making Tax Digital (MTD) to cover businesses with a turnover below the VAT threshold and for certain individuals who file Income Tax Self-Assessment tax returns has been confirmed. A roadmap for Making Tax Digital has been set…
Some great news for local businesses! In September 2020, Ministers have announced that there will be new grants available for businesses affected by lockdown in England. Businesses that have been required to shut because of localised lockdowns will now be…
Millions of self-employed people whose livelihoods have been affected by coronavirus will be able to claim a second payment of up to £6,570 from today – as the government continues to help drive the UK’s recovery. ∙ Second stage of…