- Chancellor extends self-employment income support scheme
- Major changes to the furlough scheme
- North Somerset Council Discretionary Grants Fund Now Open (closes the 8th June)
- ow to Claim back Statutory Sick Pay due to coronavirus (COVID-19)
- Temporary Coronavirus Tax Exemption for Homeworker Expenses
- How to register as a self-employed subcontractor in the construction industry
Friday, 29 May 2020
Thursday, 28 May 2020
Wednesday, 27 May 2020
Tuesday, 26 May 2020
Saturday, 23 May 2020
Friday, 22 May 2020
Thursday, 21 May 2020
HMRC have confirmed that the Coronavirus Statutory Sick Pay Rebate Scheme will launch online on 26th May 2020.
The scheme will enable small and medium-sized employers with fewer than 250 employees to claim coronavirus-related Statutory Sick Pay (SSP).
If you are a Hillmans payroll client we will be to make the claim on your behalf.
Employers are eligible to use the scheme if:
• they are claiming for an employee who’s eligible for sick pay due to coronavirus
• they had a PAYE payroll scheme in operation before 28 February 2020
• they had fewer than 250 employees across all PAYE schemes on 28 February 2020
• they are eligible to receive State Aid under the EU Commission Temporary Framework.
The repayment will cover up to two weeks of the applicable rate of SSP, and is payable if a current or former employee was unable to work on or after 13th March 2020 and entitled to SSP, because they either:
• have coronavirus
• are self-isolating and unable to work from home
• are shielding because they have been advised that they’re at high risk of severe illness from coronavirus.
To prepare to make a claim, employers should keep records of all the SSP payments they wish to claim for.
For more information about eligibility and the claim process go to: https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-employees-due-to-coronavirus-covid-19
Wednesday, 20 May 2020
Tuesday, 19 May 2020
Tide Banking have now been accredited to offer the Government-backed Bounce Back Loans to their customers.
The loans should be open to applications this week.
If you’re not currently a Tide customer you can register your interest for a loan at https://www.tide.co/bounce-back-loans/.
You can read more about the Government-backed Bounce Back Loan scheme here: https://www.hillmans.co.uk/bounce-back-loan-scheme
Monday, 18 May 2020
Is your office open?
While our Worle office is not currently open, our telephone lines are being answered remotely by the team working from their homes. All the accounts team are working normal hours (Monday to Friday 9am to 5pm) and being fully paid – so please contact us by phone or email and we will be pleased to assist you.
When will your office reopen?
Although we don’t know when our office will be reopening yet, we will of course follow government guidance and do everything we can to maintain the safety and the health of our team, clients and visitors to the office when we do reopen.
Can I drop records off to you to complete my accounts and tax return?
Yes, although our office is currently closed, we are popping into the office a couple of times each week to collect and open the post.
If you need to drop your records off to the Worle office, please call 01934 444100 before you leave to make sure there will be someone to collect the records from you. We will ask that you leave the package at the door for us to bring safely into the office.
Alternatively, we have a letter box you can post your records through (the letterbox is to the right of the reception front door).
Are you still taking on new clients?
Absolutely! We have had some really lovely feedback from clients over the past two months thanking us for our support during the pandemic (it’s been our absolute pleasure and privilege to assist!), with many of our clients referring us to their friends and family. If you would like to discuss switching accountants to us (or know someone who would), please drop us a line by phone on 01934 444100 or email (email@example.com) for a friendly, no obligation chat with Steve Hillman.
Friday, 15 May 2020
Thursday, 14 May 2020
HMRC SEISS Telephone Number:
If you’re struggling to make a claim for the Self-Employed Income Support Scheme Grant (SEISS) via the Gov.uk website, you should be able to make a claim with HMRC over the phone using the telephone number 0800 024 1222.
Just be aware the lines are ‘very’ busy at present!
Wednesday, 13 May 2020
Tuesday, 12 May 2020
Monday, 11 May 2020
Thursday, 7 May 2020
Wednesday, 6 May 2020
Tuesday, 5 May 2020
Monday, 4 May 2020
The Governments new Bounce Back Loan Scheme (BBLS) has launched this morning. The BBLS offers businesses a 100% government-backed lending facility if you meet the Bounce Back Loan Scheme eligibility criteria (which I’ll detail below).
Friday, 1 May 2020
Below I have summarised all the main tax updates we’ve seen this week from HMRC.
• New 100% government backed loan scheme for small business
• Coronavirus and R&D Tax Credits
• VAT scrapped on E-publications
• HMRC stop sending paper tax returns
• Making Tax Digital Phase 2 postponed to April 2021 due to COVID-19
• Coronavirus grants for young entrepreneurs
As always if you need any support or advice please don’t hesitate to contact me.
Have a great weekend!
Plans to scrap VAT on e-publications fast-tracked and will come force into today.
lans to scrap VAT on e-books and e-newspapers have been significantly fast-tracked in a boost to readers and publishers during the coronavirus outbreak, the Chancellor announced yesterday.
Rishi Sunak said the zero rate of VAT will now apply to all e-publications from the 1st May 2020 - seven months ahead of schedule – potentially slashing the cost of a £12 e-book by £2 and e-newspapers subscriptions by up to £25 a year.
Read more information on the HMRC website here: https://www.gov.uk/government/news/vat-scrapped-on-e-publications