Working from home payments

Over the last two years many people have been required to work from home. HMRC relaxed the rules around claiming the cost of this either via employers making an extra payment or an update to your tax code. Effectively, if you worked from home for a single ay during the 2020-2021 or 2021-2022 tax years … Read more

Donating to charity via your Company

If you are a small business owner who wants to donate to charity you may be wondering whether it’s best to do it via your company or as an individual. Generally speaking we consider it is more efficient to give via your company. However, there are some caveats: Why donate to charity via your company? … Read more

How to add an agent on your Gateway account

When you work with an accountancy practice you are likely to need them to submit returns on your behalf whether it is payroll, VAT or Corporation Tax. You should not share your Gateway log in with them and while adding them as a ‘team member’ is a work around we have seen it is not … Read more

Statutory sick pay update

The government has announced an update to statutory sick pay. Don’t miss out on reclaiming amounts your small business or charity may be entitled to. Background statutory sick pay If you run a small businesses or charities you may have had staff off sick more than usual over the last two years. The requirement to … Read more

Three pitfalls to avoid in your Christmas payroll

In the run up to Christmas the last thing you want is to cause your staff problems. It’s really important to get your Christmas payroll right. Staff running short in January Many employers chose to pay their staff early in December, but many people spend based on what they have in their bank account. This … Read more

Remember the furlough scheme is changing

The furlough scheme is changing, again. Many businesses and charities have relied on the lifeline that the regularly changed and updated furlough scheme has offered. Although the plan was to phase the scheme out in the autumn following the renewed restrictions in the winter and spring has been extended with the latest plan (as at … Read more

What is the capital allowance “Super deduction”?

The capital allowance ‘super deduction’ got a lot of attention in this year’s budget. It’s now being bought into practice for the current tax year and the next one. Here I’ll take a look at what it means in practice wiht some frequently asked questions. What is the ‘super deduction’? Any capital expenditure that your … Read more

Are you eligible for a Restart Grant?

Are you eligible for a restart grant? Councils have now opened the “Restart Grant scheme” (from 1st April 2021) which aims to support businesses in reopening safely as COVID-19 restrictions are lifted. If your business is in the ‘non-essential’ retail sector (this includes charity shops) you may be entitled to a one-off cash grant of up … Read more

What was in the 2021 budget for small businesses?

The budget is the big set piece of the government’s finances and the impact of the 2021 budget for small businesses was highly anticipated. It has been seen as a key moment for setting the direction of the economy following both the pandemic and the implementation of Brexit. The reaction from the small buiness sector … Read more