Furlough Scheme changes September 202017-09-20
As our readers will no doubt be aware, the Coronavirus Job Retention Scheme (CJRS) is closing on 31 October 2020. The scheme moved to a more flexible working arrangement from 1 July 2020 to allow employees to resume part-time working and to begin to… Read more..
Companies with a 31 December year end17-09-20
For companies with taxable profits of up to £1.5 million the payment of any Corporation Tax is due 9 months and 1 day after the end of your accounting period. The accounting period is usually the financial year of your business but can be different… Read more..
Working from home tax claim17-09-20
If you do not receive compensation from your employer you can still claim tax relief for some expenses that result from home working. HMRC will usually allow you to claim tax relief if you use your own money for things that you must buy for your job… Read more..
The Ministry of Justice (MoJ) has confirmed that video witnessed wills in England and Wales will be made legal during the coronavirus pandemic. The change in law to introduce this measure is due to come into force later this month - the reforms will… Read more..
VAT on compensation payments17-09-20
HMRC has published a new Revenue and Customs Brief on the VAT treatment of early termination fees and similar compensation payments following recent judgments of the Court of Justice of the European Union (CJEU). HMRC has said that this will impact… Read more..
Relief for self-employed trading losses17-09-20
There are a number of tax reliefs available for self-employed taxpayers that make a loss carrying on their trade, profession or vocation (collectively referred to as a ‘trade’) and for their share of trading loss for any partnerships they are… Read more..
Carry Corporation Tax losses back17-09-20
Corporation Tax relief may be available where your company or organisation makes a trading loss. The loss may be used to claim relief from Corporation Tax by offsetting the loss against other gains or profits of the business in the same accounting… Read more..
The private pensions’ annual allowance17-09-20
The annual allowance for tax relief on pensions has been fixed at £40,000 since 6 April 2014. The annual allowance is further reduced for high earners. Since 6 April 2020, the tapered annual allowance increased from £150,000 to £240,000. This means… Read more..
Free domestic abuse advice line for employers17-09-20
A new advice line for employers who are supporting employees experiencing or at risk of domestic abuse has been launched by domestic abuse charity Hestia. The Everyone’s Business Advice Line, which is being funded by the Home Office, will be a point… Read more..
Coronavirus testing guidance for employers17-09-20
The government has published detailed new guidance for employers on the regulations and legal obligations relating to running internal workplace coronavirus (COVID-19) testing programmes, i.e. those which are outside of the NHS Test and Trace… Read more..
Green Homes Grants15-09-20
A reminder that home owners and landlords can now access funding to help pay for the cost of energy saving improvements. In a recent press release the Department for Business, Energy & Industrial Strategy said: Homeowners and landlords can,… Read more..
Cars – it’s all online14-09-20
If you have access to the internet there are a bewildering number of online resources that you can access to help you manage recurring tasks. This week we have listed a number of these with links to the relevant website pages. Book a theory test -… Read more..
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Simon, Oasis Graphics
I really appreciate Blue Cube’s straightforward approach. They’ve made it so much easier for us to keep on top of our tax and VAT. Our relationship with HMRC is now entirely stress free. It doesn’t get much better than that.
Jason, Rare Design
Blue Cube has helped us to attract investors and secure government grants. We’d never been able to do that on our own. Their support and encouragement have been invaluable and shaped our vision of where to take the business.