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Capital Gains Tax Review 2020

18th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: capital gains tax, CGT,
Capital Gains Tax Review 2020

Capital Gains Tax Review – will it be changing? In my previous article about CGT we outlined what it is, and what the rates currently are. I also highlighted that the Chancellor had asked the Office of Tax Simplification (OTS)
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Capital Gains Tax – your guide

17th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: capital gains tax,
Capital Gains Tax – your guide

Why is everyone talking about Capital Gains Tax? Capital Gains tax, or CGT has been in the news a lot recently, as there is much speculation that this will be the first place that the government will go to try
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Stockport, Trafford and Cheshire East Local and National Support Grants

9th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
Stockport, Trafford and Cheshire East Local and National Support Grants

Applications for local and national support grants are now open for Stockport and Trafford based businesses who were forced to close due to the Tier 3 restrictions which came into force prior to the current National lockdown. For the detailed
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Annual Investment Allowance – time is running out

9th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
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Annual Investment Allowance – time is running out

The Annual Investment Allowance will revert to £200,000 on 1 January 2021, so you have just over six weeks to commit to any capital spend and take advantage of the temporary increase in Annual Investment Allowance of £1,000,000 which applies
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Furlough scheme extension and other support

2nd November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice
Tagged in: Furlough, JRS, JSS,
Furlough scheme extension and other support

The furlough scheme as we know it which was due to end on 31 October has been extended until at least the end of November. This means that the new Job Support Scheme (JSS) will now not come into force
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Extended Winter Support Scheme

23rd October 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
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Extended Winter Support Scheme

The Winter Support Scheme has been extended, with the government pledging more support to those businesses and individuals hardest hit by the coronavirus pandemic, falling demand and restrictions to trade. There are three areas of focus to the financial support
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VAT deferral and enhanced Time to Pay for self-assessment

20th October 2020 | Written by In Accountancy | Categories : News, Tax Advice
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VAT deferral and enhanced Time to Pay for self-assessment

VAT Deferral – Over half a million businesses deferred VAT payments, which were due in March to June 2020, with these payments becoming due at the end of March 2021. As part of the Winter Economy Plan the government has
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Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes

18th October 2020 | Written by In Accountancy | Categories : CoronaVirus, News
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Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes

The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make
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So long, farewell and thank you Tony!!

16th October 2020 | Written by In Accountancy | Categories : News, Team News
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So long, farewell and thank you Tony!!

Many of you will know Tony as the quiet man of IN Accountancy. And that might well be so most of the time, but what you may not know is just how hot he is on the dancefloor. Tony joined
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The VAT reverse charge

14th October 2020 | Written by In Accountancy | Categories : News, Tax Advice
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The VAT reverse charge

HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021. The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through ‘missing trader’ fraud. As part
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Ministers announce new grants for businesses affected by local lockdowns

12th October 2020 | Written by In Accountancy | Categories : CoronaVirus, News
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Ministers announce new grants for businesses affected by local lockdowns

Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks. To be eligible for the grant, a business must have been required to close
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New trade arrangements with the EU from 1 January 2021

9th October 2020 | Written by In Accountancy | Categories : Limited Companies, News
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New trade arrangements with the EU from 1 January 2021

HMRC has sent letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world. They explain what businesses need to do to prepare for new processes for moving goods between Great
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