Why now is the time to start a new business
Coronavius has impacted us all. Its estimated around 3.5 million people in the UK have become unemployed as a result. While many businesses have ceased to trade because of the lockdown measures since March, many people have found themselves unemployed. But this can also be a positive for new business. As big corporations scale back, more room can open up to small business. As an example, While many of us decide to work from home, instead of traveling in to large cities, trade in the…
SME Recovery Grant to help pay for financial support
SME Recovery Grant The government have introduced a new SME Recovery grant to help those who need to pay for financial support. Financial support covers everything from paying a financial advisor to raising funds in order to pay your accountant. The government has set aside £20 Million of funding available to all SME's as a boost to help recover from the Coronavirus pandemic. How much is the Grant The grant that will be awarded is between £1,000 to £3000 and in some exceptional cases, up to…
Its Furlough Jim but not as we know it
Rumour has it that Rishi Sunak may extend the Job Retention Scheme past the 31st October, but rules may change surrounding who is eligible and how it will be implemented. As discussed in The Times on Wednesday, ministers are bracing themselves for a flood of job losses when the Furlough scheme ends at the end of October. Its expected that a flurry of job losses will be announced shortly, as we approach the end of the CJRS scheme. Sunak has been clear that he will not extend the Job…
We are now accepting new clients around the South Essex area
Courtier and Courtier are based in Brentwood, Essex. But for many years we have centred our client base around the East of Essex and Greater London areas. We are now looking to expand our client base to the South of Essex and surrounding Counties. If you are looking for an accountant to provide services such as, Bookkeeping, VAT Return submissions, end of year Accounts, Self-Assessment Tax Return preparation and submission or payroll, and you are based in the South of Essex, or any…
Let with AirBnB? You need to read this!
If you have ever received an income from letting your property with Airbnb, but have not notified HMRC of this income, you must do so now. Airbnb have used HMRCS Connect Data Analysis to supply them with all details regarding anyone who have let their properties through Airbnb. The data will allow HMRC to target any one who has received income from letting their property but have failed to notify them of this via Self Assessment. The years in which Airbnb have notified HMRC are 2017-18…
Rishi Sunak announces expansion to the Job Support Scheme
The Chancellor Mr Rishi Sunak has announced an extension to the current job support scheme, which will see government pay the employee two thirds of their usual wage should they face local lockdown restrictions. This comes after the announcement of the JSS (Job Support Scheme) which we spoke about previously. Announced on Friday 9th October 2020, dubbed Restricted Furlough 3.0, the announcement was made in light of the increasing numbers of Covid-19 infections. Mr Rishi Sunak said, that…
Self Employed to get a 80% Cash Grant in November
The Chancellor Rishi Sunak has increased the third SEISS (Self Employed Income Support Scheme) to 80%. Previously the Chancellor had announced that the third support payment for the Self Employed, would be capped at 20% of their average net profit over the last three years. However due to mounting pressure after The Prime Minister announced that local areas could now face 3 different lockdown measures, Mr Sunak changed his stance and increased the payment to 80%. As noted on the HMRC…
Private Sector Contractors to pay more tax under IR35 changes
New IR35 tax changes came in to force on the 6th of April 2021, which will see thousands of private-sector contractors pay more tax. IR35 or "Off-Payroll Working" is a term given to someone either in the public or private sector, sometimes known as a Contractor, who provides services through their own Ltd Company, Partnership, Personal Service Company or provides services as an individual. The rules apply to those, who would otherwise be considered as employed by the person or company they…
We are now accepting new clients around the South Essex area
Courtier and Courtier are based in Brentwood, Essex. But for many years we have centred our client base around the East of Essex and Greater London areas. We are now looking to expand our client base to the South of Essex and surrounding Counties. If you are looking for an accountant to provide services such as, Bookkeeping, VAT Return submissions, end of year Accounts, Self-Assessment Tax Return preparation and submission or payroll, and you are based in the South of Essex, or any…
Its Furlough Jim but not as we know it
Rumour has it that Rishi Sunak may extend the Job Retention Scheme past the 31st October, but rules may change surrounding who is eligible and how it will be implemented. As discussed in The Times on Wednesday, ministers are bracing themselves for a flood of job losses when the Furlough scheme ends at the end of October. Its expected that a flurry of job losses will be announced shortly, as we approach the end of the CJRS scheme. Sunak has been clear that he will not extend the Job…
SME Recovery Grant to help pay for financial support
SME Recovery Grant The government have introduced a new SME Recovery grant to help those who need to pay for financial support. Financial support covers everything from paying a financial advisor to raising funds in order to pay your accountant. The government has set aside £20 Million of funding available to all SME's as a boost to help recover from the Coronavirus pandemic. How much is the Grant The grant that will be awarded is between £1,000 to £3000 and in some exceptional cases, up to…
Why now is the time to start a new business
Coronavius has impacted us all. Its estimated around 3.5 million people in the UK have become unemployed as a result. While many businesses have ceased to trade because of the lockdown measures since March, many people have found themselves unemployed. But this can also be a positive for new business. As big corporations scale back, more room can open up to small business. As an example, While many of us decide to work from home, instead of traveling in to large cities, trade in the…
New financial help just announced
Rishi Sunak the Chancellor has just announced new measures to help Self Employed and Small to Medium sized businesses. The actual detail will be published shortly, and we will update when we receive it. The chancellor has announced the following. CJRS ( Job Retention Scheme) The Job retention scheme ends in October, however today, Rishi has announced that this will be replaced by a Jobs Support Scheme. Employees who's usual hours have been reduced, will see the Employer and Government top…
Let with AirBnB? You need to read this!
If you have ever received an income from letting your property with Airbnb, but have not notified HMRC of this income, you must do so now. Airbnb have used HMRCS Connect Data Analysis to supply them with all details regarding anyone who have let their properties through Airbnb. The data will allow HMRC to target any one who has received income from letting their property but have failed to notify them of this via Self Assessment. The years in which Airbnb have notified HMRC are 2017-18…
Rishi Sunak announces expansion to the Job Support Scheme
The Chancellor Mr Rishi Sunak has announced an extension to the current job support scheme, which will see government pay the employee two thirds of their usual wage should they face local lockdown restrictions. This comes after the announcement of the JSS (Job Support Scheme) which we spoke about previously. Announced on Friday 9th October 2020, dubbed Restricted Furlough 3.0, the announcement was made in light of the increasing numbers of Covid-19 infections. Mr Rishi Sunak said, that…