Articles
How Are Credit Ratings Calculated?
Trust is a vital part of business and being sure that any potential customer can pay for your products and services is essential to ensuring a continued cash flow. Whilst ensuring accessible payments options and easy to use invoicing and customer management systems are essential...
Self-Assessment Taxpayers Given Extra Month To File Return
HM Revenue and Customs (HMRC) has said that it recognises the ‘immense pressure’ that businesses have been facing, and extended the self-assessment tax return deadline by an extra month for those who need it. According to Sky News, HMRC said that anyone unable to file...
Top Tips For An Effective Cash Flow Strategy
Whilst there are many important figures for determining the health of a business, cash flow is the simplest and most effective tool to check the overall health of a business, and in challenging market conditions can be the difference between success and failure for a...
Coronavirus: Further Support For “Non-Essential” Businesses Announced
On Tuesday it’s been announced that retail, hospitality and leisure businesses will be entitled to extra coronavirus support. What details are available? Although many businesses deemed “non-essential” were already closed due to being in Tier 3 or 4 areas, the Prime Minister’s...
HMRC Issues Self-Assessment Advice Before January Deadline
Her Majesty’s Revenue and Customs (HMRC) has advised people to complete and submit their self-assessment tax return early, and have urged people to be cautious of tax-related correspondence to avoid phishing scams. The deadline for submitting the finalised self-assessment tax return for 2019-2020 is 31st...
VAT Deferment
Further ability to delay VAT payments deferred between 20 March and 30 June 2020. You can pay now or get ready to opt into the VAT deferral new payment scheme. As part of the government COVID assistance they allowed VAT payments to be delayed....
HMRC Checks Compliance On ‘Eat Out To Help Out’ Scheme
More than 84,700 hospitality firms took part in the government’s Eat Out To Help Out (EOTHO) scheme, that offered diners a 50 per cent discount on food orders above £10 on Mondays to Wednesdays during August and October last year, according to figures released by...
HMRC To Investigate Firms Without Proper Furlough Records
HM Revenue & Customs (HMRC) has received almost £400 million from firms paying back furlough grants, but thousands of companies that failed to keep proper records for the Coronavirus Job Retention Scheme (CJRS) will be the first to be investigated, it has emerged. The Daily...
Top Tips For Managing Your Business Cash Flow
As anyone who’s been in business for a while will tell you, cash flow is vital to enabling a company to survive and thrive. In these challenging times, it’s more important than ever that you have a plan in place for managing your cash flow....
Police Issue HMRC Scam Warnings
Police around the UK have been warning the public about an increase in malicious phone calls and emails purporting to be from Her Majesty’s Revenue & Customs (HMRC). Edinburgh Live reports that criminals have been spoofing genuine HMRC phone numbers to deceive victims into believing they...