Personal Tax Planning 2020-21

Personal Tax Planning 2020-21

Opportunities to save tax and increase net worth Some of the ideas shared in the following checklist may provide you with tax-saving opportunities if implemented before 5 April 2021. This year, more than at any previous time, we need to take advantage of savings as... read more
Problems paying your January 2021 tax bill?

Problems paying your January 2021 tax bill?

Many tax payers registered for self-assessment will be dreading the approach of 31 January 2021 as this is the date that a number of self-assessment tax bills fall due for payment. They are: Any balance of tax/NIC due for 2019-20Any second instalment for 2019-20 due... read more
Dealing with VAT arrears

Dealing with VAT arrears

As part of the government response and financial support to businesses affected by COVID last year, VAT registered firms were allowed to defer payment of VAT falling due between 20 March 2020 and 30 June 2020. When do you need to pay deferred VAT? Initially, the... read more
Time for a Business Health Check?

Time for a Business Health Check?

Happy New Year… We have just witnessed one of the most stressful years on record for disruption and uncertainty in our business affairs. And we are not out of the woods just yet. The first half of 2021 is likely to be more of the same until, and if, vaccines can... read more
Furlough Scheme extended

Furlough Scheme extended

The Chancellor made a number of surprise announcements, 17 December 2020. In what must be a response to the continuing resilience of coronavirus, he has extended the furlough scheme and the closing date for government backed loan applications. Details of the changes... read more