Blog
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.
HMRC guidance on re-importing and re-exporting
HMRC have released guidance about some of the approvals and special procedures that help simplify customs processing and reduce VAT and Customs Duty owed
Reminder: P11D Forms Due by July 6th
Despite the coronavirus lockdowns, HMRC still expect P11D forms reporting expenses and benefits to be submitted by the normal 6 July deadline
The Furlough Scheme and Employee Travel – “Temporary Workplaces” and COVID-19
HMRC has confirmed that its approach remains unchanged. Under the 24-month rule employees who are seconded to a temporary workplace for no more than 24 months of “continuous work” are entitled to tax relief on their travel expenses
Apply for a grant to help small and medium-sized businesses new to importing or exporting
The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice.
Further Welsh Government support for businesses impacted by phased move to Alert Level 1
Businesses in Wales materially affected by the phased move to Alert Level One will receive £2.5m in further support from the Welsh Government.
HMRC warn employers not to use Unfunded Pension Arrangements
HMRC are currently attacking a marketed tax avoidance scheme using unfunded pension arrangements to avoid Corporation Tax
