Changes in Accounting period

Changes in Accounting period

Are you self-employed? Or are you a partner in a trading partnership? If you are, you should be aware of the proposed changes to the accounting period for unincorporated businesses. HM Revenue & Customs (HMRC) is proposing to change…

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Eligible for SEISS Grant

Could you be eligible for...

The pandemic has proved to be a tough time for the UK’s freelancers. But there is help at hand still in the form of the Self-Employment Income Support Scheme (SEISS). The fifth tranche of the SEISS is now available…

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Yearend Essentials

10 Essential Things Every Small...

10 Essential Things Every Small Business Owner Should do Before End of the Year Have you noticed how it’s already Q2 and, most small business owners are deeply immersed in prepping for Q4? Despite the invisible enemy (Covid-19),…

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Accountant

How to Choose the Right...

How to Choose the Right Small Business Accountant Once you have decided it’s time to hire an accountant, the next question is who? Let along how! For any small business, choosing the right accountant is critical. In the…

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Budget 2021

Crucial aspects of the Budget...

The main aspects of the Budget 2021 The long awaited budget is finally out and the chancellor really knuckled down on it really hard in his desire to recoup all the government expenditure incurred through the pandemic support.…

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post covid

How Covid-19 Will Further the...

How Covid-19 Will Further the Need for Efficient Accounting From startups to large businesses, no one has been spared from the inevitable wrath of Covid-19. Evidently, most businesses have had their fair share of the roller coaster economic…

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SEISS

MORE HELP FOR SELF EMPLOYED...

The SEISS scheme introduced by the government in 2020 following the lockdown has been extended to September 2021 with a fourth and fifth grant. The self employed who will be eligible for the scheme will be contacted by…

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Xero

Cloud Accounting and the Benefits...

Cloud Accounting Desktop accounting software is gradually becoming a thing of the past. Big and small businesses are now looking to have cloud-based accounting solutions for bookkeeping, payroll, statutory accounts and filing tax returns. Take control with Ernest…

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3rd SEISS GRANT

Applications for the third SEISS grant will open on the 30th Nov 2020. HMRC has updated its HMRC Publication to indicate the eligibility criteria. Unfortunately not much has changed with regards to the original criteria. Hence those not eligible for…

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Furlough & SEISS Extension

Furlough extended to 31st March If you’ve been made redundant, you can be rehired and furloughed by your employer if you were employed as of 23 Sept, and on the payroll on or before 30 Oct. Furlough will…

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