by Pi Accountancy | Jul 2, 2021 | COVID-19, HMRC, SEISS, Self-Assessment, Self-Employed, Taxes
As the Coronavirus Job Retention Scheme (CJRS) enters its final months, now is the time to review grants that you have claimed under the scheme, and pay back any amounts claimed in error. You may also choose to repay voluntarily funding that you have received under...
by Pi Accountancy | Jul 2, 2021 | COVID-19, HMRC, Job Support Scheme, SEISS, Self-Assessment, Self-Employed
Claims for the fifth grant under the Self-Employment Income Support Scheme (SEISS) will open from late July. If, based on your tax returns, HMRC think that you are eligible for the grant, they will contact you in mid-July and give you a date from which you can submit...
by Pi Accountancy | Jun 29, 2021 | Business, COVID-19, Job Support Scheme
Furlough Redundancy Although the furlough system was designed to keep workers employed, unfortunately it doesn’t protect furloughed staff from being made redundant. But it doesn’t affect their redundancy pay rights if they are let go from their job amid...
by Pi Accountancy | May 25, 2021 | Business, COVID-19
Recovery loan scheme If you need to access finance to help your business recover from the effects of the COVID-19 pandemic, the Recovery Loan Scheme may be for you. Nature of the scheme The Recovery Loan Scheme is designed to provide access to finance in order to...
by Pi Accountancy | May 24, 2021 | Business, COVID-19, HMRC, Self-Assessment, Taxes
To help businesses which have suffered losses as a result of the COVID-19 pandemic, the period for which certain trading losses can be carried back is extended from one year to three years. The extended carry-back period applies for both income tax and corporation tax...
by Pi Accountancy | May 12, 2021 | Business, COVID-19, HMRC, Self-Employed, Taxes, VAT
As more people are now working from home, the desire for a designated workspace has become a priority for many. The past year has forced many workers to fill up the dining table and any other flat surface available with monitors, computers, laptops, cables, Wi-Fi...