Category: Accounts services

Business owners put billions of pounds on the line to secure early CBILS loans, figures reveal


Business owners who took out an early coronavirus loan have more than £1.2 billion of personal guarantees on the line, a major study has revealed.

What to do if you’re rejected for Time to Pay


An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed.

Kickstart Scheme: the changes from 3 February 2021


According to a report by the Department for Work and Pensions (DWP), the Kickstart Scheme has supported over 120,000 young people find employment, since its launch in September 2020.

Voluntary and compulsory strike off processes paused in response to national lockdown


Companies House will pause both the voluntary and compulsory strike off processes for one month to support businesses affected by Covid-19, it has been announced. The extended measure comes in response to delays to the…

EU exports halt as UK firms encounter extra charges


Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports…

Self-Assessment penalties waived for returns filed by 28 February – but payment deadline remains


HM Revenue & Customs (HMRC) has announced that any Self-Assessment taxpayers who miss the 31 January 2021 tax return deadline will not receive late filing penalties if they file online by 28 February 2021. Crucially,…

Self Assessment: thousands spread tax liabilities in response to coronavirus disruption


Thousands of self-employed workers have taken advantage of the Government’s extended Time to Pay scheme ahead of the 31 January Self Assessment deadline, a new report has revealed.

HMRC warns of tax scams ahead of Self Assessment deadline


HM Revenue & Customs (HMRC) has warned businesses to watch out for tax scams ahead of the 31 January Self Assessment Deadline.

Employers: call for furlough scheme to be introduced to working parents while schools are closed


The Trades Union Congress (TUC) states that working parents with children, who struggle to balance their work-life and childcare, should be put on the furlough scheme whilst the schools are closed.