January 14, 2021
In our experience, Research & Development (R&D) refunds are often used to reinvest for growth and preserve cash flow. During these uncertain times when businesses must do all…
January 12, 2021
We are all well aware that the forthcoming Budget will be the first step in addressing the UK’s fiscal deficit caused by the pandemic, and it may be…
October 21, 2020
July 23, 2020
“Cloud accounting packages give business owners great scope for up to date, relevant management reporting.
Using this information effectively should help you make informed tax planning decisions too.”
‘It’s important to submit your Self-Assessment returns by 31 January 2021, as HMRC have confirmed that they won’t automatically waive any late filing penalties.
If you are unable to file on time due to COVID-related personal or business disruptions, contact HMRC as they will not penalise people who need more time.’
“Businesses that deferred their VAT payments earlier this year will have the option of paying their balance in 11 monthly payments throughout the year to the end of March 2022 and will be charged no interest.
You must opt-in to use this new deferral system which is expected to be introduced in early 2021.”