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A recent survey of small businesses has revealed that only a quarter of them are confident of their survival into 2021, with many worried about cash flow. Those businesses that took out Bounce Back Loans (BBLs) have already used up most of this funding. Cash flow Some two-thirds of businesses Read More...
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One of my favourite quotes from the Bush II administration (and there were a few) is the famous quote from then Secretary of Defence, Donald Rumsfeld who famously said: “Reports that say that something hasn’t happened are always interesting to me because as we know, there are known knowns; there Read More...
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It’s not often I get nostalgic, but every once in a while, I harken back to my days in the Revenue (now “HMRC”) and in practice as a tax consultant; to a time when the company car was the fringe benefit that every employee wanted. As my somewhat fuzzy memory recalls, you Read More...
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My regular readers will know that I like to ponder out loud, my meandering musings in my blogs, so they won’t be surprised I’ve come up with another quick quiz: Are you self-employed?If so, have you contributed to a private pension in the last year? The Institute for Fiscal Studies Read More...
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To assist taxpayers, HMRC has launched an online portal for the making of working from home expenses incurred during the pandemic. From 6 April 2020, employees can claim a tax-free amount of £6 a week to cover the additional costs of working from home. For a basic rate taxpayer, this Read More...
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Two further grants under the SEISS were announced in September and have now been updated. Following the announcement last week, of a second lockdown, the government’s new package of support measures announced in the Chancellor’s Winter Economy Plan has been reworked, including an increase to the self-employed income support scheme Read More...