Category Archives: Blog

Don’t forget to join the VAT Deferral New Payment Scheme – deadline 21 June 2021

If you deferred VAT payments last year you have until 21 June 2021 to join the new payment scheme to spread the cost of your deferred VAT in monthly instalments under the VAT Deferral New Payment Scheme. The VAT Deferral New Payment Scheme means businesses can now manage their cashflow by paying their deferred VAT…

Starting your own business during COVID19

bookkeeping, covid19, accounting system

Many life changing moments lead to entrepreneurship, and the Covid-19 pandemic is no exception. Businesses are being formed for a number of reasons: To solve a problem that has arisen as a result of this world crisis Covid is causing people to think about their lives and what they really want to do Many have…

New Corona-virus grants via local Councils, in particular Allerdale Borough Council

As you may have heard, local councils have recently been receiving funds for the Restart Grant (RG) and Spring Back Payments (SBP). Applications may also still be possible up to 31 May 2021 to claim on the Local Restrictions Support Grant (Closed) (LRSGC). If you are eligible for the LRSGC grant and haven’t yet received…

Associated companies count for new corporation tax rates

A 25% rate of corporation tax will apply to all of a company’s profits if they exceed £250,000 from 1 April 2023. The 19% rate will continue to apply where profits are below £50,000. The marginal rate that applies between those limits will be 26.5%. Those upper and lower limits are divided by the number…

No employers NICs for a year if you hire ex-military staff

The Government have announced a one-year exemption from paying employers national insurance contributions (NICs) where military veterans are recruited by civilian employers. Employers can claim relief if they employ a veteran during the qualifying period. The qualifying period starts on the first day of the veteran’s first civilian job since leaving the regular armed forces…

Carlisle Council Local Recovery Grant from May 2021

If you run a business that falls in the Carlisle City Council area, you may now be eligible to claim under the latest Additional Restrictions Grant, called the Local Recovery Grant. Over £900,000 has been allocated to Carlisle Council for this purpose, however, if you feel you are eligible to claim, unlike some previous grants,…