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So HM government has published the value of support they have given to UK Businesses. Bounce Back Loans £46.53bn CBILS £23.28bn CLBILS £5.3bn CCFF £104bn With the Bank of England forecasting that 60% of BBL’s are likely to go toxic that means £27.92bn is never likely to be repaid. If only the Chancellor had used
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Emjay Associates are pleased to announce that we have joined up with B1G1 to make a difference in the world and to work towards the Unitied Nations 17 Global Goals. Every time our clients work with us we make an impact around the world #B1G1
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As you are aware HM Treasury/ Government have put in place financial support for employees and Self Employed. Director shareholders are not being treated as fairly as Self Employed in so much any payments made as dividends are being excluded from the calculation if the director is furloughed. Also, unlike the self-employed the director cannot
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During the World War 2 Blitz in Britain 32,000 civilians were killed, the blitz lasted 8 months 5 days. In the UK since 28 February Covid-19 has killed 18,738 up to 23 April (56 days). One US institute has forecast the total deaths in the UK could be in the region of 37,494. PH England are
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As we all experience a new day in our ever changing business and personal way of life. We must all take time out to reflect, not only our own life and the lifes of our nearest and dearest, but those people around us who have no-one. We know of the impact the virus will have
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Deferred until October 1st 2020 New rules due to effect those in the Construction Industry and CIS HMRC are changing the method of dealing with VAT and the point at which VAT is handed over to them and reclaimed back. The onus will be on the last contractor to charge VAT to their end user
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Major changes to the tax regime for gains made from the sale of residential property will take effect from April 2020. They will affect how and when you’re required to report and pay capital gains tax. What’s the full story? Current CGT deadlines Currently, capital gains made by individuals are reported through self-assessment. This means,
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Correctly recording transactions in your business records is always important but especially so for expenditure on buildings and equipment. How can accurate bookkeeping save you tax? Bookkeeping trouble spot Even a small business records thousands of financial transactions every year. Most will be straightforward so that even a novice bookkeeper won’t have trouble allocating them
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Government has published draft legislation for the new restrictions which will apply to the NI employment allowance (EA) from April 2020. Will your business be affected, and if so, how? Employment allowance (EA). Since April 2014 most employers have been entitled to a deduction from their Class 1 NI bill currently worth £3,000 per year. In
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Whilst off-payroll working is a hot topic at the moment, withholding tax from subcontractors in the constructionindustry has been with us for many years. But what are the rules you need to be familiar with? The basics The construction industry scheme (CIS) requires that all payments made by contractors to subcontractors must take account of the subcontractor’s tax