Hello my name is Tony Miles and I am the Managing Director of Milestone Management Solutions Ltd. This is a brief introduction as to who we are and how we can help you. About Milestone Management Solutions Ltd We are a property tax specialist accountancy practice and are looking for Property Investors ( having one … Continue reading An introduction.
Claim for your employees' wages through the Coronavirus Job Retention Scheme Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19).Published 26 March 2020Last updated 4 April 2020 — see all updates From:HM Revenue & Customs Contents Who can claimEmployees you can … Continue reading Covid 19 – Update of the Job Retention Scheme
The government has confirmed that the self-employed will receive financial support if their business has been affected by coronavirus. Are you eligible and how can we help you? Who can get the grant? Self-employed individuals or members of a partnership are eligible for a grant representing up to 80% of their average profits if they meet … Continue reading Covid 19 – the Self Employed grant explained.
There are restrictions on claiming the employment allowance (EA) from April 2020. What are they, are you fully up to speed with the basic rules and what enforcement risks do you run? Basic rules The employment allowance (EA) was introduced in April 2014 to support businesses and charities by cutting the cost of employers’ NI, so encouraging … Continue reading Changes to the employment allowance.
Regulations have taken effect which amend the Working Time Regulations 1998 to relax the current restriction on carrying forward untaken annual leave. What’s been amended and why? Under the Working Time Regulations 1998 (WTR), workers have a statutory right to 5.6 weeks’ paid annual leave. The WTR require that at least four of these weeks must be taken in … Continue reading Covid 19 – Relaxation of the statutory annual leave rules.
With a view to keeping you the right side of an HMRC penalty the deadlines for April 2020 are as follows: 5th April Last date day of 2019/20 tax year. Tip: Final chance to top up ISAs and pay pension contributions for 2019/20. Last date for sole traders and partnerships to incur capital expenditure on … Continue reading HMRC April Deadlines
The Government have now announced a scheme that assists the self-employed across the country during the COVID-19 pandemic. The Self-Employed Income Support Scheme will provide self-employed individuals a taxable grant worth 80% of trading profits, up to £2,500 a month for the next three months. It will also apply to members of partnerships. The calculations … Continue reading Covid 19 – Self-employed support.
The government has stated that it is committed to doing whatever it takes to support businesses and individuals through the Coronavirus pandemic. On 20 March as part of these efforts the Chancellor announced the Coronavirus Job Retention Scheme. This funding will be open to all employers with a PAYE payroll scheme that was created and … Continue reading Covid 19 – HMRC Update
Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.Published 25 March 2020 from:Department for Business, Energy & Industrial Strategy, Companies House , and The Rt Hon Alok Sharma MP From today (25 March 2020), businesses will be able to apply … Continue reading Companies to receive 3-month extension period to file accounts during COVID-19
Please find below updated information received from HMRC. Guidance on the closure of all non-essential businesses and premises as part of further social distancing measures. This directive applies to any business providing holiday accommodation including short-term lets such as hotels, hostels, bed and breakfasts, campsites, boarding houses and caravan sites.The Government has issued guidance and advice for those … Continue reading Covid 19 – Recent updates
Staying at home If you have symptoms of coronavirus infection (COVID-19), however mild, stay at home and do not leave your house for 7 days from when your symptoms started. If you live with others and you are the first in the household to have symptoms of coronavirus, then you must stay at home for … Continue reading Covid 19 – Guidance for Employees