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Small Business Advice

Financial Support in Lockdown 3

5th January 2021 | Written by In Accountancy | Categories : CoronaVirus, Small Business Advice, Team News
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Financial Support in Lockdown 3

Well here we go again… Lockdown 3. I’ve had a lot of you asking already today about grants and support available for your business. There is only a small amount of detail out at the moment, so I’ll summarise this
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Get prepared for the end of the Brexit transitional period

17th December 2020 | Written by In Accountancy | Categories : News, Small Business Advice
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Get prepared for the end of the Brexit transitional period

It is time to prepare for the end of the Brexit transitional period. Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the
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Gifts to employees can be tax-free

14th December 2020 | Written by In Accountancy | Categories : Limited Companies, Small Business Advice, Sole Traders
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Gifts to employees can be tax-free

Some employers may wish to give a small gift to their employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which should help employers ensure that
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

9th December 2020 | Written by In Accountancy | Categories : Client News, Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
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Self-assessment taxpayers warned to watch out for scammers posing as HMRC

HMRC is warning self-assessment taxpayers to be alert to the danger of scammers posing as the tax authority in the lead up to the tax return deadline. Every year HMRC issues thousands of SMS messages and emails as part of
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Outsourced Team Member – Hiring Now…

8th December 2020 | Written by In Accountancy | Categories : Client News, News, Small Business Advice, Sole Traders, Team News
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Outsourced Team Member – Hiring Now…

It’s exciting times at IN Accountancy as we announce that we are recruiting once again. We’re looking for an outstanding individual to join the IN Team as an outsourced team member. If you, or someone you know, fits the bill,
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Electric Vehicles – To buy or not to buy??

4th December 2020 | Written by In Accountancy | Categories : Limited Companies, News, Personal Tax, Small Business Advice, Tax Advice
Tagged in: Electric Vehicles, EV,
Electric Vehicles – To buy or not to buy??

Or should we say to lease or not to lease?? In the company, or keep it personal?? Have you guessed what I’m talking about yet? Well, probably as it’s in the title, which we have to do from an SEO
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Crown Preference – what you need to know!

30th November 2020 | Written by In Accountancy | Categories : Construction Industry, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: insolvency, Tax,
Crown Preference – what you need to know!

What is Crown preference? Why does it make a difference? Will it impact a personal guarantee? In the World of Covid, with Brexit around the corner, it is easy to forget that there is another change that will impact the
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Brexit imports and exports

27th November 2020 | Written by In Accountancy | Categories : Limited Companies, News, Small Business Advice, Sole Traders, Tax Advice
Tagged in: Brexit, export, import,
Brexit imports and exports

From 1 January 2021, the UK will operate a full external border with the EU, which will entail major changes for imports and exports to and from the trading bloc. From 1 January 2021, declarations will be needed to import
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Tax relief for working at home

25th November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
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Tax relief for working at home

HMRC has received more than 54,800 claims from taxpayers using a new online portal which allows workers to claim tax relief for working at home. From 6 April 2020, employers have been able to pay employees up to £6 a
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Separation, divorce and tax…

24th November 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Personal Tax, Small Business Advice, Tax Advice
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Separation, divorce and tax…

2020 has as we all know been one hell of a year. But it’s not just people’s physical and mental health, our NHS, jobs, businesses and finances which have been impacted.  Relationships and families have been hard hit, having been
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Self-assessment customers to benefit from enhanced payment plans

23rd November 2020 | Written by In Accountancy | Categories : News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: self assessment,
Self-assessment customers to benefit from enhanced payment plans

Self-assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up instalment arrangements
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Chancellor approves grants for businesses closed by lockdown

21st November 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
Tagged in: GRANTS,
Chancellor approves grants for businesses closed by lockdown

Chancellor Rishi Sunak has announced approved additional funding for cash grants to support businesses required to close in England due to the lockdown. Those businesses affected will be eligible for the following: For properties with a rateable value of £15,000
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