Self Assessment Payments on Account
You may recall that last year, due to COVID-19, your second payment on account for July (if you had one) was deferred to 31st January 2021. Please be aware that there has been no deferral this year and your July 2021 payment on account will be expected by HMRC by 31st July 2021. If you […]
HR and Health & Safety Support
As the UK slowly lifts COVID-19 restrictions, more and more staff are returning to the workplace. Throughout this time we have seen greater emphasis on 2 key business areas: HR – Employment Law Health and Safety The Government has created a new employment status – ‘furlough’ – which has kept HR professionals on their toes, […]
R&D Tax Credits
Research and Development (R&D) tax credits are an incentive to reward limited companies that engaged in innovation. This UK tax relief can give your business the opportunity to claim back a proportion of your R&D expenditure as tax credits, which can reduce your tax bill or increase taxable losses. If, over this pandemic, you’ve been […]
Bounce Back Loan Repayments
During the pandemic you may have taken out a Bounce Back Loan in order to provide additional support to get your business through these trying times. The 12 month repayment holiday will now be coming to an end and loan repayments will be starting in the coming months. As part of the terms of business, […]
Annual Questionnaire available on our new Portal
We want to say a huge thank you to those of you who have engaged with our new client portal and have already uploaded your 2021 tax return information. The portal can be accessed from our new and improved website www.adamsmoore.com Our mission is to make communicating with us as easy as possible for […]
P11D
Important P11D Deadline – 6th July If you have any employees who have company benefits, for example a company car or private healthcare, you will need to file a P11D. This is to inform HMRC the total amount of Class 1A National Insurance you owe on form P11D(b). If you need any help in filing […]
Self Assessment Tax Returns 2021
It’s that time again! With the creation of our new client portal (accessible top left of our website), downloading and completing your annual questionnaire has never been easier. You can upload any supporting documents also. The last 12 months have taught us to be less dependent on paper and to refine our work processes to […]
Self-Employment Income Support Scheme
Thinking of claiming the forth income support SEISS grant? HMRC published an online service to claim the fourth grant which will be available from late April 2021. If you’re eligible based on your tax returns, HMRC will contact you in mid April to give you a date you can make your claim from. What you’ll […]
IR35
From the 6th April if you’re a contractor working through your own limited company or an intemediary, you may be affected by IR35 changes to the off-payroll working rules. This may mean the way you pay tax changes. Understanding off-payroll working (IR35) – GOV.UK (www.gov.uk) Understand how the changes may affect you. Talk to us – […]
