HMRC may have extended the self-assessment deadline but be warned......
In a last minute turn of events, earlier this week HMRC announced a 4 week extension to the self-assessment deadline. On the face of it, for the millions of self-employed and businesses, many of whom will have seen their income reduced, or even worse completely removed due to the Covid-19 pandemic, this is welcome news indeed and a veritable lifeline.
The 2021 Budget outcomes
Following the global pandemic’s financial ruinations that have hit us all so hard, then further intensified by the uncertainties of Brexit, is it any wonder the country watched keenly for the announcements from the Chancellor of the Exchequer regarding the recent Budget.
VAT deferral scheme deadline imminent
Following the Government’s package of support in response to the Covid-19 pandemic, any business that used the VAT deferral scheme in 2020 now has less than two weeks to make their intentions for repayment known.
Save 30% on your Accountancy fees!
After the last 12-18 months saving money is at the forefront of most business owners’ minds and in situations where some services are a necessity rather than a luxury, it’s always a welcome headline to read when there’s an opportunity to cut costs.
Bounce Back loans - how are businesses coping?
When the UK found itself in the initial grip of a global pandemic last year, the Government introduced a number of support mechanisms to throw a lifeline to businesses struggling to stay afloat amid all the uncertainty. One of these was the Bounce Back loan (BBL), where businesses could borrow up to £50,000 and gain a year’s worth of not interest and no repayments – plus the debt was backed by the Government.