Black Country Growth Hub – COVID-19 Small Business Grants

2 days ago

Businesses in Dudley, Sandwell, Walsall and Wolverhampton will be able to apply for a COVID19 Small Business Grant, these grants will be administered by Black Country LEP Growth Hub alongside the City of Wolverhampton Council. As part of the European…

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COVID-19 update – Furlough Extension

2 weeks ago

The Chancellor has announced a five month extension of the furlough scheme into Spring 2021. The Coronavirus Job Retention Scheme (CJRS) will now run until the 31st March, whereby employees will receive 80% of their current salary for hours not…

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New national restrictions from 5th November and business support available

4 weeks ago

Guidance For Businesses On The Government’s Announced New National Restrictions From 5th November / Business Support Available. The new measures introduced will apply nationally for four weeks from Thursday the 5th November to Wednesday the 2nd December. At the end…

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Winter Economy Plan – GM&Co Update

1 month ago

Responding to the crisis posed by a Covid Winter surge, the Chancellor announced last week additional measures, which include almost doubling the wage subsidy for workers required to go part time. We have included a summary of the key changes…

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Self Assessment Bills – Enhanced Time-to-Pay Arrangements

2 months ago

The Chancellor has increased the upper threshold for online applications for ‘time to pay’ to £30,000, for those paying income and capital gains tax via self assessment. As part of the ‘Winter Economy Plan’ announced by the Chancellor on the…

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HMRC announces changes to VAT on early contract termination

2 months ago

Background In September 2020, HMRC announced an update to its guidance on the VAT treatment of early termination fees compensation payments and liquidation damages. Historically the HMRC guidance was that contractual compensation payments that were designed to compensate a party…

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Government’s Winter Economy Plan

2 months ago

Summary of the Government’s Emergency COVID Rescue Plan The chancellor announced last week the ruling out of an Autumn budget and instead launching a “Winter Economy Plan” after facing warning of the risk of a ‘deluge’ of job losses. What…

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Five things to follow when creating a business budget

2 months ago

It is nearing the end of quarter three and now is a good time to consider setting your 2021 budget requirements if you have not already done so.  This will be especially challenging due to the current Coronavirus situation with…

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When is it time to change your Accountant?

3 months ago

It’s never been more important to get sound financial advice for your business than during the last few months. COVID-19 has had a severe impact on businesses and in turn the economy, testing the most experienced accountants, who try to…

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COVID-19 Self Employment Income Support Scheme Claim – Second (Final) Payment

4 months ago

Latest information on the scheme: The scheme is available if you are self-employed or a member of a partnership and you have been adversely affected by coronavirus (COVID-19). The scheme is now closed to new claims for the first grant….

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