Support Finder In an effort to help businesses locate (amongst all the recent announcements) help that may be available, the Government has set up a ‘support finder tool’, which hopefully may provide some clarity as to what clients can / cannot claim. Please see the link below: https://www.gov.uk/business-coronavirus-support-finder
HR Support As part of our service from Croner Taxwise, all clients who have opted to take out the insurance cover against professional fees incurred in the event of any HM Revenue & Customs enquiries receive telephone access to expert HR support. This service has been extended to include a dedicated Coronavirus team to guide…
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…
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…
Expense claims for the self-employed You can claim tax back on some of the costs of running your business, or what HMRC calls ‘allowable expenses’. These appear as costs in your business accounts and will be deducted from the profit that you pay tax on. In other words, expenses can reduce the average sole trader…
Croner Taxwise have issued the following notes in respect of the recovery of VAT incurred prior to VAT registration: The entitlement to recover VAT on stock and assets on hand at registration as if it were input tax is contained in regulation 111 of the VAT regulations 1995. In the case of a limited company,…