Blog
New Late Filing and Late Payment Penalties
The new regime will apply to periods starting 1 April 2022 for VAT and 6 April 2023 for income tax to coincide with the roll-out of MTD. For non-MTD taxpayers submitting ITSA returns the start date will be 6 April 2024.
Welsh Government support for businesses impacted by Covid restrictions
Businesses in Wales that continue to be affected by Covid restrictions will receive up to £25,000 of additional support from the Welsh Government
Coronavirus Job Retention Scheme (CJRS) – update
The government has extended CJRS until 30 September 2021. From 1 July 2021, the government will pay 70% of wages up to a maximum cap of £2,187.50
UK Trade Tariff: duty suspensions and tariff quotas
Duty suspensions are designed to help UK and Crown Dependency businesses remain competitive in the global marketplace. They do this by suspending import duties on certain goods, normally those used in domestic production.
Support your staff’s Financial Resilience and Wellbeing
The Welsh Government is asking employers to help by partnering with a credit union to offer work based payroll savings and access to affordable credit.
Ground-breaking One-Stop-Shop Partnership Between Leading Welsh Accounting Practice and Pioneering IT Specialists
Bevan Buckland LLP, which is headquartered in Swansea, has launched a partnership with Tech-Wales Ltd, a Port Talbot based IT outsourcing and consultancy firm, to deliver technology advice and solutions to clients investing in technology advancements.
HMRC publish details of the Fifth SEISS grant claim
Full details of the fifth Self-Employed Income Support Scheme (SEISS) grant, including a new turnover test which determines the level of the grant, were published by HMRC on 6th July.
Start-up social enterprises
The SE-Assist Wales Fund offers blended finance packages which can be used to help you grow, become more sustainable or increase your business capacity
New Company Loss Carry Back Rules
HMRC have updated their guidance on claiming relief for company trading losses to take account of the extended carry back announced in the Spring Budget
Leading Accountancy Firm Kickstarts Career for New Marketing Assistant
Swansea University graduate Carlos Tseng joined the practice under the government’s ‘Kickstart scheme’ and will join the firm in its move to larger offices in Llansamlet later this year.
Self-Employed Income Support Scheme (SEISS) Update
The grants to self-employed individuals whose businesses have been impacted by coronavirus has been extended to cover periods February 2021 to April 2021 (fourth grant – now closed) and May 2021 to September 2021 (fifth grant).
Government extends measures to protect businesses and offers new support for those impacted by Covid restrictions
Businesses still affected by Covid restrictions will also receive up to £25,000 of additional support from the Welsh Government.
