UK residents who are trying to dispose their UK residential property should be aware of the new rules which requires them to report and make a payment for their CGT (Capital Gains Tax) liability with a 30-day period of completion. This comes as a shock to many people. In fact, during the last six months of 2020, HMRC issued fines to approximately 13,113 people who failed to meet the new deadlines. The total fines amounted to more than £1.3m.
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HMRC will have to examine closely the coronavirus support provided to accountants and their clients. In this connection, Elizabeth Whiteley provided a summary of the guidelines and what could be the possible sanctions given to accountants and their clients if they want to take advantage of the SEISS (Self-Employed Income Support Scheme).
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During the early period of the pandemic, most businesses have deferred VAT payments. If they still remain outstanding until now, then businesses should act immediately since penalties will be imposed by the end of June. Furthermore, if you want to take advantage of further deferrals, then you should act by June 21.
In order to streamline the processing of those who are making claims under the coronavirus job retention scheme (CJRS), specifically for 16 to 99 employees, HMRC has come up with a time-saving template. Unfortunately, for some people, the arrival of the template is a bit too late.
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As a business owner, you might be having some difficulty in understanding VAT, regardless if you already have some experience of it. If it is your first time to register for VAT, then its worthwhile to consider its effect on your pricing.
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The new Recovery Loan Scheme (RLS) is part of the government’s announcement during the March 2021 budget. It’s goal is to offer financial support to UK businesses so they can recover, restart, and develop. This could be a real lifeline, most especially for independent and small businesses.
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One of the key parts during the March 2021 Budget of the government was the Restart grants. It was created as a response to the COVID-19 pandemic. Businesses that are involved in the hospitality, leisure, and retail industry can greatly benefit from this. In England, there are approximately
700,000 businesses that belong in these industries.
As a taxpayer, you should be aware of the latest phishing scam that you might discover on your inbox. This is in connection with the fourth SEISS (Self-Employed Income Support Scheme) grant that is recently opened for claims.
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Social media networking sites such as Facebook and Twitter are the latest trends on the internet today. It offers new opportunities to communicate and improve how people connect and share. It is similar to an online ground where people get the chance to meet and socialise electronically. Read more
We compiled over 40 word of mouth marketing statistics you can use as a jumping off point for your analysis of how to use WOMM in your own marketing efforts.
We discovered people talk about shopping a lot. For all age groups, shopping ranks as a Top 10 conversation topic. In fact, more than half of our daily conversations involve shopping. It’s no wonder that scrutiny of word-of-mouth marketing (WOM or WOMM), what it is, how it works, what’s its impact, is climbing. Read more