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Covid-19 grants for closed businesses

by | Jan 27, 2021 | Covid-19, Tax News

The Local Restrictions Support Grant (LRSG (Closed)) supports businesses that have been required to close due to temporary local restrictions. Businesses that were open as usual and were then required to close due to local Tier 2 or Tier 3 restrictions may be eligible...

Deadline looms for third SEISS grant

by | Jan 22, 2021 | Business News, Covid-19

A refresher from ACCA on what you need to know to make a claim.   Applications for the third grant for the self-employed opened from 30 November and claims must be made by 29 January 2021. The third taxable grant is worth 80% of the applicant’s average monthly...

Income tax and deductibility of expenses

by | Jan 20, 2021 | Covid-19, Tax News

ACCA on Revisiting a case where not everything charged in the profit and loss account of a trade, profession or vocation is an allowable deduction for tax purposes.   At this time of year, you tend to remember cases which influence what you can claim. Here we revisit...