The purpose of this guidance is to give an overview of what, why and how a business might be cocooned (or mothballed) in response to the change in trading environment arising from Covid-19. What is Cocooning? Cocooning, or mothballing, is a temporary suspension of a...
The government has announced that Working Tax Credits payments will be increased from 6 April 2020. As part of a number of measures to support the country during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from...
The Government recently provided more details on how the CJRS works. Please note the online service you will use to claim is not open yet – we will let you know when it is. We have the capability to calculate and submit your CJRS Claim so please let us know if we can...
Business owners are trying to remain positive despite many small businesses going into survival mode during the current Covid-19 crisis. Established accountancy practice Bevan Buckland LLP has been reaching out to clients to help and advise those most severely...
The Welsh Government is today announcing a package of support worth more than £200m for small businesses to help them during the coronavirus outbreak. Retail, leisure and hospitality businesses with a rateable value of £51,000 or less will receive 100% business rate...
The Chancellor, Rishi Sunak, has delivered his first Budget. Here are the 2020 tax rates & proposed changes at a glance. Personal Taxation – 2020/21 National Insurance contributions The threshold for class 1 primary contributions paid by employees and the...
