Payroll, Professional Business Support, Accounting, MTD System, Taxation, Business Start Ups, VAT Advice Throughout the pandemic, the government provided financial help to those who were self employed and struggling. The self-employment income support scheme (SEISS) was the fifth and final grant, applications for which closed on 30 September this…
Changes to HMRC Log-In Process
Professional Business Support, Tax Advice, Accounting, MTD System, Business Start Ups, VAT Advice HMRC have introduced 2 Step Verification (2SV) meaning heightened security for those who use self assessment. The service will link to the customer’s phone, sending an automated message when they begin the tax account log…
Earnings Growth for Construction Workers
Payroll, Professional Business Support, Accounting, MTD System, Taxation, Business Start Ups, VAT Advice Construction payroll services provider Hudson Contract, has reported that self-employed tradespeople have had their best month for earnings since the pandemic began. Apparently in March 2021, the average weekly pay went up by 3.7% to £920,…
Should You Start A New Business in 2021?
Financial Services including Accountancy, Tax, VAT, Business Support & Start-Ups, Essex Despite Coronavirus, many new businesses started last year, in fact the virus gave rise to several gaps in the market and opportunities. Many people have had to adapt, and change direction in the face of redundancies. The…
Have You Been Furloughed?
Professional Business Support, Accounting, MTD System, Taxation, Business Start Ups, VAT Advice There seems to be much confusion and uncertainty lately about procedures etc put into place by the government, due to Covid19. The furlough rules are sometimes misunderstood, and in some cases abused. A recent BBC report pinpointed the…
Tax Challenges for Small Businesses
Tax & Accountancy Advice Service, Business Support, Start Ups, MTG System, Bookkeeping & Wages Small businesses have a tough time of it generally, and apparently the HMRC don’t make it much easier! The tax department applied to close 4,160 businesses in 2018, that had fallen behind in their tax payments.…
5 Trending Business Ideas
Financial Services including Accountancy, Tax, VAT, Business Support & Start-Ups, Essex If you’re thinking about starting a new business but need some ideas, here are some of the most likely areas that people will be considering in 2019. 1. Food or Catering Business Food is always a popular one, as…
Get Familiar with Making Tax Digital!
Tax & Accountancy Advice Service, MTG System, Business Support, Start Ups, Bookkeeping & Wages According to the government, Making Tax Digital, or the MTG system, is a way of ensuring that individuals and businesses are provided with a hassle free way to keep their finances in order regarding tax…
The MTD System
Professional Business Support, Accounting, MTD System, Taxation, Business Start Ups, VAT Advice Making Tax Digital, otherwise known as the MTD system will come into effect on 1st April 2019, and will change the way that small VAT registered businesses submit their records. Most small businesses currently keep manual records or…
Taxation Brief Summary
Financial Services including Accountancy, Tax, VAT, Business Support & Start-Ups, Essex As always this years tax changes left some better off and others not so much, as reported by the BBC news website. New rules affecting income tax, pensions, student loans, inheritance tax, council tax, savings and benefits were announced.…