Who will you be dealing with and do you get on with them? Building a strong relationship with your new accountant is vital. You need to make sure that you gel with the person you will be dealing with so you can really make the most out of your relationship. What qualifications do they have?
The Government is planning a clampdown on company directors who seek to take advantage of the company dissolution process to avoid paying creditors and/or leave staff out of pocket. On 12 May 2021, the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill had its first reading in the House of Commons. If the Bill is
What does your job as Director involve? I head up the Not-for-Profit Department covering pensions, charities, and other not-for-profit organisations. What does a typical working day look like for you? I start the day with a strong coffee with two sugars. Generally, I will begin by dealing and responding to client queries that have come
The fifth and final grant of the Self Employment Income Support Scheme (SEISS) covering May 2021 to September 2021 will be open to claims from late July 2021. This is a taxable grant and if eligible, the grant will be paid in a single instalment. Full guidance for claiming the grant is due to be
If you have to work from home on a regular basis, either for all or part of a week, you may be able to claim tax relief for additional household costs. From 6 April 2020, employers have been able to pay employees up to £6 a week tax-free to cover additional costs if they have
If you’ve received a Coronavirus support grant but were not eligible or you have been overpaid, there are penalties you may have to pay if you do not tell HRMC. HMRC may charge a penalty if you fail to tell them about an overpayment for one of the following schemes: Coronavirus Job Retention Scheme Self-Employment
If you’re an employer looking to create jobs for young people, you can apply for funding as part of the Kickstart Scheme. Previously employers could only apply to the scheme directly where they were offering a minimum of 30 job placements, but rules have changed meaning that employers have the option of applying directly for
From 1 May, the Government has made a number of changes to how the Job Retention Scheme works for furloughed workers. This scheme was put into place to try and minimise staff redundancies due to COVID-19. The Coronavirus Job Retention Scheme has been extended several times but is currently due to close at the end
What does your job as Payroll Manager involve? I run the payroll department and take care of managing and processing weekly, monthly, and annual payrolls as well as auto-enrolment pension scheme management. What does a typical working day look like for you? At the moment my time is split between the office and home, but
HMRC has confirmed that the online service for applications for the self-employment income support scheme (SEISS) is now open for online claims. The Government has estimated that due to the new criteria, over 600,000 individuals may be newly eligible for the fourth and fifth SEISS grants, including many newly self-employed. Fourth SEISS Grant The fourth SEISS
What does your job as Tax Manager involve? I mainly deal with personal tax and my job involves completing and submitting the annual self-assessment tax returns for all our clients which include a mixture of Company Directors, Partnerships, sole traders and Landlords. I also work with our Directors on tax planning to ensure our clients
Do you provide benefits to your staff or Directors? If so, then you need to make sure you complete your P11D Forms. What is a P11D? The P11D form is used to report benefits in kind. These are items or services which are considered to be of personal benefit to an employee or Director in
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