News

National Insurance relief launches for employers that hire veterans
Employers that hire veterans in their first employment after leaving the armed forces are now entitled to National Insurance (NI) relief up to the upper secondary threshold
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New Debt Respite Scheme launched
A new Debt Respite Scheme, designed to give a debtor with problem debt the right to legal protection from their creditors, is now available. The new scheme
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HMRC to tackle SEISS abuse with new penalty regime
With the fourth round of the Self-Employment Income Support Scheme (SEISS) now well underway, HM Revenue & Customs has announced tough new fines for those that abuse
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Reimbursed expenses – What you need to know
In most cases, expenses an employee incurs at work are paid for by their employer, but some, like travel and accommodation expenses, are reimbursed later by the
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Workers can continue to claim home working tax allowance in the new tax year
One unexpected bonus for staff forced to work from home because of the pandemic has been a £6 per week tax break. People will have seen their
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COVID forces businesses to change direction
The devastating effects of the pandemic have meant small businesses in the UK have changed the direction of their organisations to survive the impact of the Coronavirus
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HMRC unveils penalty regime for VAT deferral scheme
Companies that signed up to the VAT deferral scheme have been warned they face a five per cent penalty if they do not make payment arrangements by
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Inheritance tax reporting to be simplified
Rules coming into effect from 1 January 2022 will mean that nine in 10 estates that are not subject to Inheritance Tax (IHT) will no longer need
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Coronavirus insolvency measures extended until the end of June
To help businesses with the ongoing impact of the pandemic the Government has decided to extend measures in the Corporate Insolvency and Governance Act (the Act) to
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Majority of SME owners have loaned personal money to their business during the pandemic
A new study has found that nearly six in 10 (59 per cent) small business owners loaned personal money to their business during the pandemic to help
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Thousands of cases of COVID-related fraud and cyber-crime are being investigated
A special police task force, tackling fraud in England, Wales and Northern Ireland, says it is investigating 6,000 cases of cybercrime, worth a staggering total of £34.5
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Applications for SME Brexit Support Fund underway
A new scheme that supports small and medium-sized businesses with a grant of up to £2,000 has opened. The scheme provides grants to help tackle the new
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