With the dramatic impact Covid-19(Coronavirus) and the resulting lockdown, there has been a lot of confusion over what support can provided including how business insurance policies can help and what obligations you have. The answer to those questions can be complex. In order to help – our sister company, Wootton Taylor Insurance Brokers, has provided
The deadline for submitting your self-assessment tax return for 2022 is the 31st January 2023. If you havent filed it already and you miss the deadline you may incur a penalty of 100 for the first 3 months which increases. Plus any tax you owe will be subject to interest. Please contact us for advice
Wootton Taylor Insurance Brokers will be at the Coventry Toolfair on 14th and 15th September 10am to 4pm. We will be exhibiting alongside our sister company Wootton Taylor Insurance Brokers. Entry is free so if you would like to join to us on our stand as well as visit many other exhibitors to the construction industry,
SEISS Latest Update March 2021 The UK government recognises the continued impact that coronavirus (COVID-19) has had on the self-employed and announced in November that there would be a fourth grant. At the Budget it was confirmed that the fourth SEISS grant will be set at 80% of 3 months’ average trading profits, paid out
Latest Budget March 2021 We are waiting for more information regarding the latest Budget. We will post notices on our website Blog as the finer detail is released. If you need information on the following that was announced in the Budget. The UK Government has announced further support for you and your employees. Extension to
Grants and Help for Business Available Update Coronavirus Updates If your business has been forced to close as a result of new national coronavirus restrictions introduced on 5 November 2020 then you may qualify for grant support funding. To receive the funding you must have been required to close by law and be registered for
New Support for Businesses – Winter Update September 2020 Additional government support has been announced this week for businesses and employees impacted by coronavirus (COVID-19) across the UK. Further information on these new schemes is available in this update and on GOV.UK, by searching ‘Winter Economy Plan 2020’. Job Support Scheme A new Job Support
SEISS – Self Employement Scheme Second Phase The scheme is now closed to new claims for the first grant. The scheme has been extended. If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make
Chancellors Announcement- Jobs, Training and VAT in Brief Apprenticeships and Support for Young Workers Support for young workers “Kickstart scheme”: £2bn fund to pay for six-month work placements for 16 to 24-year-olds on universal credit Payments cover national minimum wage for 25 hours per week, plus national insurance and pension contributions for Great Britain £1,000
Furlough Pay New Phase – CJRS V2 The first version of the CJRS, whereby employees had to be furloughed full time, ended on 30 June and the deadline for claims is 31 July. In its guidance, ICAEW’s tax faculty highlight that before HMRC published its full guidance there were suggestions that employers would have to
The opportunity to claim the first grant will be lost after 13 July. HMRC subsequently amended the guidance to state that if a business has been adversely affected because of Covid-19 at any point up to 13 July, they will qualify for the first SEISS grant (assuming all other conditions are met). Only if a
