vat-and-self-assessment-payment-deferral
Updated March 27: The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self-assessment payments. ICAEW’s Tax Faculty outlines how the proposed action will work. Updated 27 March: Following clarifications from HMRC. Under the...
Government help for Self Employed.
Nigel Holland Announced on 26/3/20 The Government has announced help for self employed. They will receive 80% of the average profits over the last 3 years. SELF-employed workers can get up to 80 per cent of their profits lost because of disruption to their business...
Will your company close?
Nigel Holland
Alternative to Liquidation
Are you affected by shortage of cash?Can you not pay your bills as they fall due?Are you trading as a limited company? You should consider stopping trading and dissolving your business. You are not allowed to trade if your company is Insolvent. Insolvent...
Fraud costing pensions sector £6 billion per year
According to research from the University of Portsmouth's Centre for Counter Fraud Studies, fraud and scams are costing the UK pensions sector almost £6 billion a year. The private sector suffers the worst loss, estimated at £4.9 billion per annum. The largest cause...
COVID-19: What help is being provided?
Businesses Support for businesses paying sick pay Legislation is to be brought forward to allow small and medium sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness due to COVID-19. The eligibility criteria for this scheme is: this...
Budget 2020: Chancellor delivers Budget amid COVID-19 panic
Chancellor Rishi Sunak deliver his first Budget against the backdrop of the coronavirus outbreak. It was also the first Budget since the UK's departure from the European Union. Budget Highlights A reduction in the Entrepreneurs' Relief lifetime limitAn increase in the...
Callum Rigby passes Exam
Callum Rigby who works for Holland & Co Chartered Accountants has successfully passed the Assurance exam with the Institute of Chartered Accountants. " I know that Callum has been spending a lot of time revising for this exam and it's wonderful to see that he is...
Tax Policy: Chancellor urged to take ‘strategic approach’
With the 2020 Budget soon approaching, business groups have urged Chancellor Rishi Sunak to take a new approach to making tax policy. The Institute for Fiscal Studies (IFS), the Chartered Institute of Taxation (CIOT) and the Institute for Government (IfG) have written...
IR35 enforcement to be lenient in first year
In April 2020, changes to the off-payroll working rules (IR35) will come into effect. Who the rules apply to You may be affected by these rules if you are: a worker who provides their services through their intermediarya client who receives services from a worker...
