Category Archives: Business Support

No time for head in the sand tactics

4th June 2021 Posted by -

Companies that are still claiming the Coronavirus Job Retention Scheme grants, now known as the furlough scheme, will have hard choices to make come

Read More

Claiming Business Asset Disposal Relief

24th May 2021 Posted by -

BADR used to be known as Entrepreneurs’ Relief before 6 April 2020. The name change does not affect the operation of the relief. BADR applies to the

Read More

COVID support grants that are taxable

12th May 2021 Posted by -

We would like to remind readers that existing legislation is in place to ensure that COVID support grants are treated as taxable income in the same

Read More
Selling a business transferring a business?

VAT – transfer as a going concern

6th May 2021 Posted by -

The transfer of a business as a going concern (TOGC) rules concern the VAT liability of the sale of a business. Normally the sale of the assets of a VAT […]

Read More

Recovery Loan Scheme

27th April 2021 Posted by -

The new Recovery Loan Scheme was launched on 6 April 2021. The new scheme allows businesses of any size to access loans and other kinds of finance

Read More

Treasury directive re fourth SEISS grant

29th April 2021 Posted by -

HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of

Read More

A reminder that not all costs are costs

30th April 2021 Posted by -

Costs are defined as something that has to be paid or spent to acquire something. Costs include the acquisition of: An object, say material

Read More

Repaying overclaimed SEISS grants

20th April 2021 Posted by -

Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the overpayment

Read More