The Blog

Accountancy, bookkeeping and taxation are fast-moving areas. It is our job to keep up with changes so that you don’t have to! However, from time to time, we do share urgent, important or even entertaining subject matter with you in the form of our blog. Please browse at your leisure, and if there is any issue about which you would like more detail, please do not hesitate to call us today.

Making staff redundanct – form HR1

The government has published an updated version of form HR1. Where an employer is proposing to make 20 or more redundancies at one establishment within a period of 90 days or less, they must give advance notification of those potential redundancies

Connected persons CGT and other taxes

The definition of a connected person for tax purposes can be complex and varies depending on the circumstances.

A statutory definition of “connected persons” for tax purposes is set out in Section 839 of the Income and Corporation Taxes

Companies House resumes strike-off process

Companies House has confirmed that the temporary measure to suspend compulsory strike-off action will be lifted from 10 October 2020. The temporary measure to pause compulsory strike-offs started in April 2020 in response to the coronavirus pandemic.

Implementation of the loan charge

HMRC has published further guidance on the implementation of the loan charge and has made clear there will be no special settlement terms.

This follows an independent review earlier this year into whether the loan charge was an appropriate way of

Applications open for second round of self-employed scheme

The second round of the Self-employment Income Support Scheme (SEISS) opened for applications on Monday 17th August. The second and final grant covers the quarter to 31 August 2020. The second grant will provide up to £6,570 for the quarter (£2,190

Myths and Student Loans

Student Loans are part of the government’s financial support package for students in higher education in the UK. They are available to help students meet their expenses while they are studying. The Student Loans Company (SLC) is a non-profit making

Green Homes Grant Scheme

One of the measures announced by the Chancellor, Rishi Sunak in his Summer Economic update on 8 July 2020 was the launch of the new £2 billion Green Homes Grant scheme.

From September 2020, home owners and landlords in England will be able to apply

Using your own vehicle for work?

If you are an employee and use your own money to buy things you need for your job, then you can sometimes claim tax relief for the associated costs. It is usually only possible to claim tax relief for the cost of items used solely for your work.

You

Banks stand up to be counted

The fifth publication has been released ranking the service quality league table of personal and business current account providers.

For personal and small business customers, the survey is designed to show clearly how the quality of services

Greening of Scotch Whisky

Needless to say, the greening does not refer to the colour of whisky.

The Green agenda has received endorsement from Scotland’s world famous distilleries who are aiming to cut their emissions by almost half a million tons of CO2 every year.

The

Want to start your own business?

One of the consequences of recession, such as the present downturn in activity caused by the Coronavirus outbreak, is the likelihood that many will face redundancy as employers try to manage the process.

In the past, this shake out process seems to