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Updated News on Bounce Back loan Scheme
Updated News on Bounce Back loan Scheme Since *February 2021*, the Insolvency Service has successfully petitioned the Courts to wind up five limited companies that have been involved in abusing government loans, introduced to help businesses during the pandemic. These include a furniture retailer in Manchester, and two Glasgow-based companies...
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How to pay your PAYE Tax Online to HMRC
How to pay your Self Assessment Tax Online to HMRC Since MTD (Make Tax Digital) was set into motion, it was made easier for the common citizen of the UK to pay their tax/penalties online directly through the website of HMRC. In this video our narrator (Saba Zaki) will show you how you can make a payment to HMRC regarding your self-assessment tax...
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How to pay your Corporation Tax Online to HMRC
How to pay your Self Assessment Tax Online to HMRC Since MTD (Make Tax Digital) was set into motion, it was made easier for the common citizen of the UK to pay their tax/penalties online directly through the website of HMRC. In this video our narrator (Saba Zaki) will show you how you can make a payment to HMRC regarding your self-assessment tax...
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How to Connect Your Bank in QuickBook
How to pay your Self Assessment Tax Online to HMRC Since MTD (Make Tax Digital) was set into motion, it was made easier for the common citizen of the UK to pay their tax/penalties online directly through the website of HMRC. In this video our narrator (Saba Zaki) will show you how you can make a payment to HMRC regarding your self-assessment tax...
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Claiming Financial Support Under Test and Trace Support Payment Scheme
!!! Applies to England only !!! The £500 Test and Trace Support Payment is for people on low incomes who must self-isolate due to coronavirus (COVID-19). You may be eligible if you are employed or self-employed, cannot work from home, and will lose income as a result. You can only apply if you have been told to self-isolate by NHS Test and Tra...
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Recovery Loan Scheme announced for businesses
The Recovery Loan Scheme (RLS) launched on 6 April 2021 and supports access to finance for UK businesses as they recover and grow following the Covid-19 pandemic. This scheme is designed to support UK businesses with a viable business proposition that are struggling following the pandemic with term loans of between £25,001 and £10 million (max...
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Understanding off-payroll working (IR35)
IR35 is a word used to describe two sets of tax legislation that are designed to combat tax avoidance by workers, and the firms hiring them, who are supplying their services to clients via an intermediary, such as a limited company, but who would be an employee if the intermediary were not used. Contractors who work through their limited comp...
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How to pay your Self Assessment Tax Online to HMRC
How to pay your Self Assessment Tax Online to HMRC Since MTD (Make Tax Digital) was set into motion, it was made easier for the common citizen of the UK to pay their tax/penalties online directly through the website of HMRC. In this video our narrator (Ayesha Mughal) will show you how you can make a payment to HMRC regarding your self-assessment...
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PHASE 3 Of Corona Virus Job Retention Scheme
PHASE 3 Of Corona Virus Job Retention Scheme The CJRS was supposed to end on 30th April 2021 but considering the current circumstances, HMRC has extended the scheme and it will now run until the end of September 2021. Eligibility: All employees who were reported to HMRC on or before 2nd of March 2021 are eligible for the scheme. Any emplo...
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New Restart grants announced by GOV.UK
New Restart Grants Announced From April 2021, a new ‘restart grant’ will be available for businesses in England to help reopen the high street after lockdown. The restart grant offers a one-off cash grant of up to £18,000 to businesses, including: Pubs Clubs Hotels Resturants Gyms Salons Non-essential retail businesses can get u...