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29 July, 2020
Tax Tip: Employing family members
Have you considered employing family members in your business? As long as you can justify their involvement, you can employ them in your business.
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29 July, 2020
Business Round-up
VAT reverse charge on construction services delayed and pension savers warned over scams and transfers…
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29 July, 2020
Help for tourism and hospitality
We talk about the Temporary VAT cut and the Eat Out to Help Out initiative.
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29 July, 2020
COVID-19 round-up
Our latest round-up including the Job Retention Scheme, the Job Retention Bonus and the Self-employed Income Support Scheme.
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29 July, 2020
Home is where the dog is
Disposals of residential property bring the potential for any gain to trigger a capital gains tax (CGT) liability. If you dispose of your main home, principal private residence relief (PRR) usually renders the gain exempt.
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29 July, 2020
Your workforce: changing the small print
As an employer, you may want to review the options going forwards. Change to employee roles, working hours, working patterns or workplace may all be on the agenda. Could staggered hours help employees come back to the workplace safely? If homeworking has been a success, could you use it long term to cut property costs? A degree of reorganisation may make sound business sense, enabling you to build for the future.
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29 July, 2020
Research and Development: the tomorrow business
COVID-19 spotlights Research and Development (R&D). Funding initiatives like the Fast Start Competition, managed by Innovate UK, have recently been available for break-through projects in science and technology. Companies involved in R&D may also be eligible for support such as the Coronavirus Business Interruption Loan Scheme (CBILS) and the Future Fund. But how do these measures fit in the context of the R&D tax incentives available for companies generally?
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29 July, 2020
A plan for jobs
Chancellor Rishi Sunak used his recent Summer Economic Update to announce a £30 billion plan to create and protect jobs as government support for the economic recovery from the coronavirus (COVID-19) pandemic moves into a new phase. As part of his ‘plan for jobs’, the Chancellor introduced a Job Retention Bonus to support the phasing out of the furlough scheme, a VAT reduction for businesses in the hospitality and tourism sector and a temporary reduction in Stamp Duty Land Tax (SDLT). Here, we look at what these measures mean for businesses and individuals.
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29 July, 2020
Chairs, tables and tax: working from home
The coronavirus (COVID-19) has seen an upsurge in homeworking. For many people, there are questions on the tax on the equipment required.
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29 July, 2020
Getting up and running after the lockdown
As lockdown restrictions lift across the UK, businesses are preparing for a new working environment. The Chancellor may have begun winding down the schemes that have supported businesses through the pandemic, but government-backed loans and the furlough scheme will remain factors for some time yet.
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10 July, 2020
The Chancellor’s Summer Economic Update 2020
Chancellor Rishi Sunak presented the Summer Economic Update against a backdrop of economic uncertainty caused by coronavirus (COVID-19) lockdown.
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29 May, 2020
Mental health in times of crisis
The coronavirus (COVID-19) pandemic has caused major disruption to businesses and economies worldwide. Drastic measures have seen millions of people locked down. Working from home has become the new normal for many, while others have been furloughed to keep jobs viable.
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