Choose how and when you can delay making your second payment on account for the 2019 to 2020 tax year. You have the option to defer your second payment on account if you are: registered in the UK for Self-Assessment and finding it difficult to make your second payment on … [Read more...]
HMRC MAY ALLOW TAX REFUNDS FOR ANTICIPATED COMPANY LOSSES
HMRC have recently announced that they may allow limited companies to make claims for loss relief and tax refunds even though the current accounting period has not yet ended and the corporation tax return has not been submitted. This will be available to companies of all sizes but they will be … [Read more...]
HOTTEST INDICATORS FOR THE UK ECONOMY AND SOCIETY
The Government have released the most up-to-date information for the future of the UK Economy and society. The experimental data on the impact of the coronavirus (COVID-19) on the UK economy and society, including online price changes data. These faster indicators are created using rapid response … [Read more...]
Further updates To the Coronavirus Job Retention Scheme
Alan Patient and Co are keeping you informed with all the hottest information. The latest updates set out on the 12 June include details on how the scheme will change from 1 July. Key dates The first time you will be able to make claims for days in July will be 1 July, you cannot claim for … [Read more...]
Business Through Lockdown
Click on the video to find out how Alan Patient & Co have been helping businesses through this difficult period. … [Read more...]
Time to reflect and plan ahead
As we emerge slowly from lockdown, now is a good time to take stock of things and look ahead to how we can run our businesses with the “New Normal” environment we face. What is clear is that some form of social distancing will remain, and many businesses are adopting new ways of working within … [Read more...]
Small businesses boosted by bounce back loans
A couple of days ago Rishi Sunak said the new Bounce Back Loans scheme, which will provide loans of up to £50,000, would help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic. The scheme has been designed to ensure that small … [Read more...]
COCOONING A BUSINESS
Some businesses are going to need to “mothball” or “cocoon” until the Government considers the Pandemic to be of lower risk and trading conditions improve. What is Cocooning? Cocooning, or mothballing, is a temporary suspension of a business and can be the result of sales reducing to zero (or … [Read more...]
Business Survival
The Government has stepped in to provide support to certain areas of the economy but even with this becoming available in the coming weeks, some of you will need advice on how to survive the lock down. Under the regulations, most businesses are in lockdown or closed excluding … [Read more...]
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)
This new loan scheme delivered by the British Business Bank, will launch from 23 March 2020. The Temporary Coronavirus Business Interruption Loan Scheme (CBILS) can provide facilities for smaller businesses (SMEs) across the UK who are experiencing lost or deferred revenues, leading to disruptions … [Read more...]
