News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
Capital Gains Tax and family succession
Craig Simpson, Tax Partner at Bates Weston considers the threat of Capital Gains Tax increases and the impact on family succession timing.
Budget date 30 October 2024
Rachel Reeves is building up to tax increases. Capital Gains Tax (CGT) and higher rate relief on pension contributions are the likely targets. Craig Simpson, Tax Partner at Bates Weston sets the scene for tax increases and the actions to consider.
Top up on grant funding to help SMEs
Local Authority discretionary Grant Funding for SMEs may be available from your Local Authority following a Top Up of grant funding by the government. If your business employs less than 50 people and has seen a significant drop in income due to Coronavirus restriction measures but did not qualify for the Small Business Grant Fund or the Retail, Hospitality & Leisure Grant Fund, help could be on the way.
Practical insights on the safe reopening of the economy
Insights from business leaders on the practical steps that can be taken to create safe workplaces as we anticipate news on the safe, collaborative and cautious reopening of the economy.
ICAEW highlights the need for checks on SEISS
Who checks whether HMRC is right about your eligibility for SEISS and the amount of your payment? Your accountant.
Bounce Back Loans introduced by Government
The Chancellor, Rishi Sunak, has announced a new micro loan scheme of Bounce Back Loans, providing a simple, quick, easy solution for businesses in need of smaller loans.
Reopen the economy safely
Reviews the CBI daily webinar and considers their position on gradually restarting the economy safely.
Building Financial Resilience in the Charity Sector
How to make charities financially resilient: consider government support, make clear documented decisions, control cashflow and be alert to the guidance from Companies House and the Charity Commission.
Income Tax Relief and Venture Capital Trust Shares
HMRC launch a campaign to ensure taxpayers understand when the income tax on Venture Capital Trust (VCT) investments is clawed back, and alter their timescales to reflect the challenging times we find ourselves in.
Government support for innovative firms
The Chancellor, Rishi Sunak, announced £1.25 billion of government support for innovative firms at the Downing Street Press Conference on 20 April 2020, delivered through the Future Fund and Innovate UK.
Less than 50% of grant funding to SMEs distributed so far
So far SMEs have only received just under 50% of the grant funding allocated by the government through the SMB & RHL grant funds. The average across Derbyshire is 48%. If you have not heard from your Local Authority, get in touch with them.
Make a claim under CJRS
You have written agreements from your furloughed workers. They have been furloughed for at least 3 weeks and they were on an RTI submission for your PAYE payroll to HMRC on or before 19 March. Now you want to make a claim under CJRS.
HMRC publishes employers step by step guide to Coronavirus Job Retention Scheme
HMRC has published a step by step guide to making a claim for furloughed employees’ wages under the Coronavirus Job Rentention Scheme.
Treasury Direction Clarifies Coronavirus Job Retention Scheme
A summary of the key points clarified by the Treasury Direction issued on Coronavirus Job Retention Scheme 15 April 2020.
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