HMRC has announced that the introduction of the new IR35 rules, that were to have come into effect in April, are to be deferred until April 2021. This means that medium sized companies, when making use of individuals paid through their personal service companies (PSC) (or umbrella company), will not now from April 2020 have…
Following on from the Budget, the Chancellor yesterday announced an extension of the relief that is to be made available to businesses in the UK. We are still to see details of how the various reliefs are to be made available, but hope to advise clients on the various processes, as information becomes available. Please…
The following notes are not intended to be a comprehensive narrative on all of the Budget announcements, rather a summary of the items that we believe may be of value to clients. Please do let us know if you require any clarification or if there are any items that you feel we may have overlooked.…
Procedures for a company that has ceased to trade If your company has ceased to trade, you can apply to get it struck off the Companies House Register if the following conditions are met by the company: It has not traded or sold off any stock in the last 3 months It has not changed…
Increase to The National Minimum Wage Rates The Government has announced that the national minimum wage rates are increasing in April this year. Please see https://www.gov.uk/government/news/government-announces-pay-rise-for-28-million-people for further details. Do contact us if you require any further clarification or advice.
Company Pre and Post Year-End Planning Notes As your company approaches its year-end, you should bear in mind that the profit declared in the final accounts will be liable to Corporation Tax (currently at a rate of 19%) payable 9 months after the end of the year. There are certain items that you should perhaps…