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Blog: Your Business

Received a CJRS Compliance Check? Act now!

The Coronavirus Job Retention Scheme (CJRS) ended in September but many firms could still be subject to a CJRS compliance check in the weeks and months ahead. HM Revenue & Customs (HMRC) has been sending out letters to employers throughout the year telling them they need to pay back CJRS payments because they claimed too

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New Mileage Rates From September 2021

Mileage rates for petrol and diesel cars have increased from 1 September 2021, employers have been reminded. The new rates only apply to employees using a company car, rather than their own vehicle. If you need to reimburse staff for business travel, here’s what you need to know. What are mileage rates? Mileage rates –

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Tax-Relief Schemes May Help Start-Ups Raise Outside Investment – ICAEW

Tax-relief schemes may help start-ups and established businesses attract outside investment when traditional investment is not viable, a major regulator has said. The Institute of Chartered Accountants in England and Wales (ICAEW) said initiatives, such as the seed enterprise investment scheme (SEIS) and the enterprise investment scheme (EIS), may help even the smallest of firms

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New Plans to Support Hospitality Industry in Wake of Coronavirus Pandemic

New plans will help pubs, bars, restaurants, and hotels bounce back from the coronavirus pandemic, it has been revealed. The report comes after the Government unveiled The Hospitality Strategy on Friday, 16 July. With a focus on “reopening, recovery and resilience”, the plans will introduce a variety of measures designed to help hospitality businesses recover

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Requests for exemption from publication of furlough claims must be submitted by Monday 25 January

HM Revenue & Customs (HMRC) has confirmed that the final deadline for employers to request an exemption from the publication of furlough claims will be this coming Monday 25 January 2021. Shortly after it was announced in the autumn that the Coronavirus Job Retention Scheme (CJRS) would be extended and reset to resemble the original

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COVID-19 business interruption insurance – Are you due a payout?

Thousands of small businesses across England and Wales may be about to receive insurance payouts from business interruption insurance policies, following a ruling in the Supreme Court. More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments

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Are you making full use of the Government’s COVID-19 financial support package?

As we find ourselves in yet another national lockdown, businesses may be concerned about their ability to survive and succeed in the weeks and months ahead. The level of support on offer from the Government and local authorities is unprecedented via the various grants, loans and payment holidays now available. To help you make sense

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Anthony Andreasen

AVOIDING A TAXING CHRISTMAS

By Anthony Andreasen, director at RMT Accountants & Business Advisors While the temperatures have generally stayed on the warm side of balmy during October, the arrival of both shorter days and enormous amounts of festive merchandise in Tesco’s can only mean that Christmas is on its way. While the tax implications of the season of

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Capital Allowances

Capital allowances permit businesses to write off the cost of capital assets, such as plant and machinery, against their taxable income. They take the place of commercial depreciation, which is not allowed for tax. Annual Investment Allowance (AIA) For the period up to 1 January 2013 the first £25,000 of the year’s investment in plant

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