Business expense trap for companies and directors During the pandemic a company was struggling for cash. To help, the directors didn’t claim reimbursement of business expenses they incurred. However, the company can now afford to pay them back. Will this cause a problem? Personal or business cost Owner manager might help keep their company afloat by ... Read More
Don’t miss out on tax reliefs It’s an unfortunate fact that some of the most widely applicable tax reliefs are the most underclaimed. In an effort to encourage as many people as possible to claim these, HMRC has published a page giving a summary of the reliefs with a link for checking eligibility. What’s the ... Read More
Do you need help to grow? Help to Grow is an initiative providing two schemes to smaller businesses with a view to helping growth. If a business wants to take advantage, what do they need? There are two schemes that fall under the Help to Grow umbrella. Help to Grow: Digital. This allows a business ... Read More
Coronavirus (COVID-19) For more information about each update click on the article heading to access the GOV.UK website information directly. How to complete the educational setting status form Page summary: This data will help the government monitor the impact of coronavirus (COVID-19) on settings, focus support more effectively and keep children safe. Change made: Updated ... Read More
Coronavirus: relaxation of the statutory annual leave rules HOLIDAYS Regulations have taken effect which amend the Working Time Regulations 1998 to relax the current restriction on carrying forward untaken annual leave. What’s been amended and why? Under the Working Time Regulations 1998 (WTR), workers have a statutory right to 5.6 weeks’ paid annual leave. The ... Read More
CORONAVIRUS Covid -19 Self-Employed Update Are your self-employed clients eligible for the 80% grant CORONAVIRUS The government has confirmed that the self-employed will receive financial support if their business has been affected by coronavirus. Are your clients eligible and how can you help them? Who can get the grant? Self-employed individuals or members of a ... Read More
CORONAVIRUS Covid -19 General Update Wednesday, 25th March 2020 THE HOT STORY Businesses to be given an additional 3 months to file accounts A joint initiative between the government and Companies House means that businesses will from today be able to apply for an additional 3 months to file accounts. The move is designed ... Read More
Making Tax Digital in 2019 HMRC are Starting with VAT first As part of our accounting services and ongoing support to you our clients we have written this communique to keep you informed about the Tax changes taking place this year. We have kept this explanation as simple as possible, tax can get complicated dependant ... Read More
Dunhams Financial Planning, Updating for GDPR As part of our commitment to adhering to the new regulations, this enhanced data protection regulation introduced earlier this year, and as part of our commitment to customer privacy, we have updated our Privacy Policy. Our Privacy Notice in co-operates all the changes requested by this new regulation. ... Read More
The Bank of England might continue to keep interest rates on hold – but that hasn’t stopped savers from getting an increasingly worse deal on the high street. Analysis by the BBC, in conjunction with Savings Champion and published in May, found there were more than 1,000 interest rate cuts in the past 12 months. ... Read More
