Blog
All the latest changes to tax legislation- important tax dates and deadlines, Help-Sheets on managing your personal finances, business news & opinion, as well as updates on what’s happening at Rawcliffe’s.
Brexit Trade Agreement
The EU and UK have struck a trade deal, and this has been ratified by the UK Parliament so from 1 January we are trading with the EU quota and tariff “free”.
What is the Best Use of Your Time in January?
If you have a vision of what you want your business to look like when it is “complete” then you are in a position to drive your business towards the vision.
So What Are Our Business Predictions For 2021?
There will be "bumpy moments" for UK businesses and travellers as they get to grips with new EU rules, stated Michael Gove at the end of last year.
Are Digital Banking Platforms Suitable For Businesses?
Digital banking platforms such as Starling Bank or Monzo have risen in popularity, but are they suitable for business use?
20 Point Brexit Planning Checklist
Use this 20-point checklist to review your Brexit preparedness and the Government information to prepare actions for 1 January 2021.
Tax Free Gifts to Staff at Xmas & Virtual Parties
Remember that certain gifts to staff at Christmas are also tax free if structured correctly.
New Penalties For Overclaimed CJRS, SEISS And “Eat Out To Help Out” Grants
The penalty may be reduced where the taxpayer assists HMRC in correcting the error.
Claim Your Furlough Grant by 14th
Claims must be made by the 14th of the following month although they can be made up to 14 days in advance.
Brexit Time: 31 December 2020
Our aim is to provide you with information and resources to help you manage the change as smoothly as possible.
Furlough Agreement and Letters Guidance
If you are Furloughing employees from 1 November you must agree any changes in their terms of employment with them in advance.
Managing a Hybrid Team: Home VS Office
As businesses manage return to the office, some of your team will be able to come back while others may need to continue working remotely.
Airbnb Reporting Property Rental Details To Hmrc
You may have seen that Airbnb will share data with HMRC about the earnings of hosts (those who let out property) on its UK platform …
CGT Business Asset Disposal Relief Lifetime Limit
10% CGT rate only applies to the 1st £1 million of qualifying gains in the taxpayer’s lifetime. Many misinterpreted how this limit applies.
More Time To Pay Tax Due On 31 January 2021
Taxpayers who may have difficulty paying the tax due under self-assessment on 31 January 2021 can agree more time to pay with HMRC…
JSS Begins When The Extended CJRS Scheme Ends 2021
JSS Open & Closed were scheduled to commence 1 Nov 2020 & will now commence when the extended CJRS scheme ends…
Furlough Extended to March | Increases to SEISS
Further Changes In Supports For Business: Government extends Furlough to March and increases self-employed support scheme
MMO Fast-tracks Grants Help Ports & Fishing Industry
Applications invited by MMO for grants to help ports or harbours and for health and safety equipment for fishing vessel owners.
The Furlough Scheme Has Been Extended
Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further month.