Perhaps it was the lack of wiggle room afforded to him or the fact that today’s Government is like a sieve when it comes to news of plans and ideas circulating around the cabinet table, but the lack of surprise elements in this week’s budget was probably, in itself, not a surprise.
Like every other business in the UK, the Covid pandemic, lockdowns and impact on the economy hit us out of nowhere too. Within hours of the first stay at home notice, we received a number of calls and emails from anxious clients and individuals keen to know how to manage the financial impact of the […]
Although many people have spent much of 2020 working from home, news of a vaccine has prompted a great deal of discussion about the future of the office. Much of the media, including business focused channels such as LinkedIn, have been full of philosophers predicting the demise of traditional office space. But just how realistic […]
Following a spate of tip-offs that the Covid-19 support schemes put in place by The Government may have been subject to excessive claims from a number of workers and employers, moves are now being made to investigate claims, recover overpaid support grants and levy penalty charges where appropriate. Self-employed individuals, and employers, have 90 days […]
A thinktank has suggested charging capital gains tax on primary residences as one potential form of taxation that could help the treasury fill the black hole in public finances left by Covid-19. At present, primary residences are only subject to stamp duty (excluding the current stamp duty holiday) and in some cases inheritance tax, where […]
I was recently asked whether we had witnessed any corporate ‘casualties’ as a result of the Covid pandemic, the answer to which was, I am pleased to report, no. However, I fully accept that being early June, we are far from clear of the woods and still remain in a somewhat cosseted environment, with the […]
HMRC has started contacting self-employed individuals they think could be eligible for the Self-Employment Income Support Scheme (SEISS), based on the information provided in 2018 to 2019 tax returns. To help identify who is eligible, HMRC is inviting people to use an online checker, which will quickly confirm eligibility and then provide a specific date […]
If you are self-employed and the Covid-19 pandemic has hit your income and/or contracts, here are 5 things you can do to access support and mitigate the impact: 1. Apply to the Self-employment Income Support Scheme (SEISS) The scheme will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. […]
If your personal circumstances have been impacted by the Covid-19 pandemic, here are 3 ways that you can try to ease the financial burden. 1. Take a rent or mortgage holiday All major mortgage lenders will provide you with a 3-Month repayment holiday. However, you should remember that this is not a reduction in your […]
If you own a business and/or employ staff via a PAYE scheme, and the Covid-19 pandemic has hit your business, here are 5 things you can do to access support and mitigate the impact: 1. Apply to Furlough your employees via the Job Retention Scheme. Furloughing your staff means the government will support you in […]
Back in 2015, we published a blog entitled ‘Can Chichester catch a Chinese cold?’. The question at that point related to the early signs of a slowdown in the Chinese economy and the potential ripples that would send out to global markets and closer to home. When drafting the original post, the idea of a […]