Budget 2021

At the time of the last Budget the Chancellor could not have expected the Coronavirus crisis to be going on still and it feels like he has has had monthly mini Budgets ever since. The Budget 2021 did not surprise with continued support for the economy and an expected...

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Coronavirus support update

As there have not been many changes recently it is a good time for a coronavirus support update. Changes may occur with the government announcement on lockdown easing on 22 February, and the Budget which follows on 3 March. The main areas affecting clients are as...

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Filling in a W-8 BEN-E

Filling in a W-8BEN-E form to be able to trade with the US may seem quite a daunting task but having assisted clients with this it can be done reasonably easily with a little perseverance. The US Internal Revenue Service (IRS) is quite prescriptive in it's...

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Job Support Scheme

With fewer businesses relying on the furlough scheme, I had not updated my blog for the Job Support Scheme (JSS), but the national lockdown expected to be announced this afternoon has raised the bar. The JSS Open and JSS Closed schemes which start on 1 November...

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30 Day Report and Pay Capital Gains Tax

One of the changes this tax year was to introduce the 30 day report and pay capital gains tax on sale of residential property except for your private residence.  Hopefully solicitors will be advising of this in the process but it is quite tight to report if everything...

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Coronavirus Winter Economy Plan

The Chancellor announced the Coronavirus Winter Economy Plan which aims to support businesses over the winter period as restrictions are once again being increased.  The official Budget has been postponed until next year in view of current uncertainties.  The current...

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Part time furlough scheme

As the part time furlough scheme comes in to encourage employers to get their staff back into the workplace, there are a number of changes which were announced by the government on 12 June. Effectively this is a brand new Coronavirus Job Retention Scheme (CJRS)...

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Bounce Back Loan Scheme

The Bounce Back Loan Scheme was announced by the Chancellor on 27 April after some pressure from small businesses who were unable to access the Coronavirus Business Interruption Loan scheme (CBILS), backed by small business organisations like the FSB. The new scheme...

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Coronavirus Job Retention Scheme update

There is much confusion about the Coronavirus Job retention scheme and the terms under which it can be operated.  The questions that need clarifying are: What is a furloughed workerDoes it apply to directors tooHow much do I need to pay themWhat do I declare to...

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