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Self-Employed Income Support Scheme Summary

Bookkeepers – You have until 23rd April to file your client’s 18/19 tax return to enable you to access the government grant announced by Chancellor Rushi Sunak.  Self-Employed Income Support Scheme Summary explained by GoSimpleTax You must have completed your 18/19 tax return 80% of profits up to £2,500 per month Profits on 3 years average, there will be nothing

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HMRC Time To Pay

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay (TTP) service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. Those concerned about being able to pay their tax due to COVID-19 should contact

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Ban on evictions for commercial tenants who miss rent payments

Commercial tenants who cannot pay their rent because of Coronavirus will be protected from eviction, the government announced. Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments due shortly, but the government recognises businesses struggling with their cashflow due to Coronavirus remain worried about eviction. These measures, included in the emergency Coronavirus Bill 2020,

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Companies House announces three-month extension to filing of accounts

If the coronavirus outbreak has affected your company and you need more time to file your accounts, you can apply for a three-month extension, Companies House has said (see https://tinyurl.com/v68pmke for details). A spokesman for Companies House said: “We have decided to close our contact centre to protect the welfare of our employees. If you need to contact us, please

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Coronavirus forces changes to Insolvency Service’s operations

As a result of the current COVID-19 pandemic the Insolvency Service (IS) has changed the way it delivers its services. The changes apply to: · contacting the Redundancy Payments Services helpline. · contacting the Insolvency Enquiry Line. · contacting the Official Receiver. · making a request for information and contacting the Information Rights Team. · support for businesses. Contacting the

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Deferral of VAT payments as a result of COVID-19

The Chancellor announced a VAT payments deferral on 20 March to support businesses with cashflow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 30 June. Businesses have until 31 March 2021 to pay any VAT deferred as a result of this announcement.

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Top ten tips for your business during the lockdown.

Top ten tips for your business during the lockdown. During this time of lockdown, it’s easy to get despondent and close up, so here are our 10 tips to help you get moving and boost your business. 1: Take some time to go through your website. Your contact page, for example, does it actually work if you were to send

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Friday Roundup 3rd April 2020

The news from the week 3rd April 2020 Janet Jack – CEO Sarah Palmer – COO Kris MuCulloch – Bookkeepers Alliance Simon Jordan – Marketing Below are the notes from the podcast Janet to introduce Kris MuCulloch Kris has won the IAB Mentor of the Year Award Kris is also runs the Bookkeepers Alliance Questions What is the feedback you

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COVID-19. Making the most of Phone & Video Interviews

Article by www.accountests.com  With current times requiring all of us to manage and minimise travel and face-to-face meetings, interviewing candidates on the phone, or using popular video services like Zoom & Skype has obvious appeal in bringing a practical solution to keep talent acquisition of accountants and bookkeepers moving. When used effectively, phone-interviews bring all the benefits of trimming down

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