All posts from April 2020

Financial Assistance Update / Business “Bounce Back” Loans

The online portal being used to handle Coronavirus Job Retention Scheme claims was opened on Monday 20th April and we are pleased to confirm that the first applicants have now successfully received their furlough grants from the Government. It has also been announced that this particular scheme is now available until 30th June 2020, extended […]

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New CGT Reporting Process

According to the property website Zoopla the number of homes sold in the UK is expected to fall by 60% in the next three months. There was a 40% drop in housing enquiries for the week to 22 March, the week before the lockdown, and new sales agreed fell by 15% on the previous week. […]

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Why does the tax year begin in April?

Monday 6 April marks the beginning of yet another tax year and if you’re running your own business or have to complete a self-assessment tax return for any reason, it’s a date which seems to come around more quickly each year. In the current climate, when many of us are having trouble working out what […]

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Covid-19: Director-Only Limited Companies

The Government has now confirmed that director-only limited companies can indeed qualify for furlough status. Directors, whose work has dried up, can only carry out work that is necessary to fulfil their statutory obligations, rather than their normal day-to-day work. If the company has ceased trading completely, which will be common place for many one-person […]

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