Call Us
Keeping you up to date with the latest news and happenings in the worlds of accounting, tax and insolvency
Claiming the second grant under the SEISS
Claiming the second grant under the SEISS Claims for the second grant under the Self-Employment Income Support Scheme (SEISS) can be made from 17 August 2020 onwards. Who can claim? A self-employed individual or member of a part...
Bonus for retaining staff when CJRS comes to an end
Bonus for retaining staff when CJRS comes to an end The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic. As at 19 July 2020, 9.5 million employees had been furloughed by 1.2 million...
Tax implications of Covid-19 support payments
Tax implications of Covid-19 support payments Various support payments have been made available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should they be treated? Payme...
Flexible furloughing As far as the Coronavirus Job Retention Scheme is concerned, it is all change from 1 July 2020. From that date, employees can be flexibly furloughed allowing furloughed employees to return to work part time and be furl...
Company car ‘availability’ during the Covid-19 pandemic
Company car ‘availability’ during the Covid-19 pandemic For many, their working patterns changed as a result of the Covid-19 pandemic. Some employees were required to work from home, some were furloughed, while those with certain health conditions were required to shie...
Reasonable excuse – does coronavirus count?
Reasonable excuse – does coronavirus count? HMRC may allow an appeal against a penalty if the taxpayer has a ‘reasonable excuse’ for why, say, they filed a return late or paid their tax late. A ‘reasonable excuse’ is something that prevented a taxpayer...
Reclaim SSP for Covid-19 absences
Reclaim SSP for Covid-19 absences Small employers can reclaim statutory sick pay (SSP) paid to employees who were absent from work due to the Coronavirus. The online claim service went live on 26 May 2020. Employers can use the scheme to claim back SSP ...
P45 procedures – What to do when an employee leaves
P45 procedures – What to do when an employee leaves When an employee leaves, there are various procedures that need to be followed from a payroll perspective. These include telling HMRC that the employee has left and issuing the employee with a P45. Notifyin...
Reporting expenses and benefits for 2019/20
Reporting expenses and benefits for 2019/20 Employers who provided taxable expenses and benefits to employees in 2019/20 need to tell HMRC about them by 6 July 2020, if they have not opted to tax them via the payroll. Non-payrolled taxable expenses and ...
Check your tax code – And what to do if it is wrong
Check your tax code – And what to do if it is wrong The tax code is fundamental to the operation of the PAYE system. The tax code represents the allowances (or ‘tax-free pay’) to which an employee is entitled, or, where the code is a K-code, the addi...
Latest News Items
Categories
At Arthur Boyd and Company we pride ourselves on providing a hands on and personal approach, specifically tailored to your individual needs. To find out how we can help, contact us today for a free initial consultation.
