Tax Return Deadline – Important Information

3 weeks ago

HMRC have advised that they will not waive late filing penalties, or extend the deadline of the 31st January, they will however accept pandemic related disruptions and agent delays as a reasonable excuse, and they will also extend the period…

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Self Employment Income Support Scheme (SEISS) & Job Retention Scheme (Furlough) – Claims

1 month ago

The online service for the third grant is now available. * You must make your claim on or before the 29th January 2021. To make your claim – you will need the following: Your Self Assessment Unique Taxpayer Reference (UTR)…

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How to be secure in your investment choice

2 months ago

Considering making an investment can take time in finding the right opportunity to achieve the greatest return. This might be compounded with the concern around fraud and scams. Knowing what investment scams are and how to spot them will help…

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5 reasons why a business plan is important

2 months ago

The main purpose of a business plan is to establish a business focus, secure funding and attract the best people to work in your business. The core elements of the plan are where you are now, where you want to…

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Black Country Growth Hub – COVID-19 Small Business Grants

2 months 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 months 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

3 months 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

3 months 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

3 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

4 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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