News and Comment - Page 23 of 36

Coronavirus Tier System and Yoga Businesses from December 2020 (England)

by Jessica Garbett | Nov 26, 2020 | Covid-19

On Monday 23 November 2020, changes were announced to the Tier System (formally Local Alert Levels) for when the November 2020 Lockdown ends on 2 December 2020. There has been a lot of confusion about what is and isn’t possible for Yoga Businesses in each Tier. ...

Help and Support for Clients over Winter 2020-21

by Jessica Garbett | Nov 25, 2020 | Covid-19, YogaTax News

We realise that 2020 has been a difficult year for all business – this includes ours. We commit to doing our best to support clients through the 2020 pandemic and into 2021. Specifically: If you need a fee deferral let us know. We cannot waive fees, but will...

Changes to our Reception Hours from Wednesday 2 December 2020

by Jessica Garbett | Nov 25, 2020 | Covid-19, YogaTax News

From Wednesday 2 December 2020, our office will reopen for visitors. Specifically: Most of our staff work from home, so we are geared up for home working. For the most part our service will be continuing as usual. However due to staff with childcare commitments some...

Party Party Party – thankyou HMRC

by Susan Albest | Nov 25, 2020 | Tax News

Christmas Staff Parties Section 264 of ITEPA 2003 allows an exemption where an employer hosts an annual event. Most employers tend to do this at Christmas, but it doesn’t have to be, and could be held at any time of the year. Of key importance is that it needs to be...

ACCA Self assessment support – record keeping, estimates and valuations

by Jessica Garbett | Nov 20, 2020 | Tax News

As the self assessment tax return deadline is approaching, taxpayers should be reminded that they are required to keep any records and documents that they have used on completing entries in their self assessment return. Retention period Periods for retaining records...

ACCA Self assessment support – provisional or estimated figures

by Jessica Garbett | Nov 20, 2020 | Tax News

Advice on a common area of concern around the use of estimated or provisional figures during self assessment. As the self-assessment deadline approaches, a common area of concern for many taxpayers will be the use of estimated or provisional figures. This is...

ACCA Self assessment support – common adjustments in tax returns

by Jessica Garbett | Nov 20, 2020 | Tax News

As businesses and accountants prepare to deal with the final months of the current self-assessment season, ACCA highlight some of the areas which may receive extra scrutiny by HMRC. In order to save time and costs in dealing with such adjustments, it would be...

ACCA on Covid-19 – Latest changes on the CJRS and SEISS support

by Jessica Garbett | Nov 19, 2020 | Covid-19, Tax News

The CJRS has been extended until the end of March 2021 – all you need to know. The previously announced Job Support Scheme that was due to replace the CJRS (Coronavirus Job Retention Scheme) has now been withdrawn and CJRS has been extended until the end of...

Temporary Changes to Office Opening Times at Whitefield / YogaTax

by Jessica Garbett | Nov 5, 2020 | Covid-19, YogaTax News

Due to the new lockdown, for the foreseeable future we will be restricting our reception opening hours for visitors as follows: Tuesday mornings 10am – 12 Noon Friday afternoons 12:30-2:30 pm Telephone services should still be available 9am to 3pm, and email...

Lockdown #2 – Increased Financial Support for Businesses

by Jessica Garbett | Nov 5, 2020 | Covid-19

With the announcement of Lockdown number 2 there has been an extension / revamp of Government Financial Support for Business today (5th November). This largely supersedes the 22 October 2020 announcements Here are today’s announcements – HM Government...

Self Employed Income Support Grants – Answering Some Common Questions (updated 22nd October 2020)

by Jessica Garbett | Nov 5, 2020 | Covid-19

Update – 8th October 2020 – in the Winter Economy Plan in late September, it was announced two further grants will be paid: 3rd grant – at 20% of average monthly profits for November 2020 to January 2021, up to a total of £1,875 for the three months...

Yoga Classes, Yoga Studios and November 2020 Lockdown (England)

by Jessica Garbett | Nov 5, 2020 | Covid-19

Not unsurprisingly the November lock-down has raised queries over whether Yoga classes can continue? Can yoga studios open? Yoga classes in Community Environments? What do we know? First, the situation is rapidly evolving. The Legislation behind the lock-down has...

(Superseded) Latest Changes to Government Coronavirus Financial Support to Businesses

by Jessica Garbett | Oct 28, 2020 | Covid-19

This detail superseded on 5th November 2020 Last Thursday, 22 October 2020, the Government announced some refinements to its Coronavirus Business Support offering, as originally set out in the Winter Economy Plan in late September. The backdrop to this is, of course,...

De-Registering for VAT

by Jessica Garbett | Oct 26, 2020 | Covid-19, Tax News

Many – well in the yoga sector most – businesses have seen a drop in turnover over recent months. If you are VAT registered, eg a Yoga studio, this may have taken you below the VAT threshold – so can you de-register? Well, its attractive, and...

HMRC has made it easier for individuals to spread their income tax payments

by Jessica Garbett | Oct 23, 2020 | Covid-19, Tax News

Self assessment customers can now apply online to spread the cost of their tax bill into monthly payments without the need to call HMRC. The online self-serve ‘Time to Pay’ service has been increased to £30,000 for self assessment customers. Once...

Coronavirus Tier System and Yoga Businesses from December 2020 (England)

Help and Support for Clients over Winter 2020-21

Changes to our Reception Hours from Wednesday 2 December 2020

Party Party Party – thankyou HMRC

ACCA Self assessment support – record keeping, estimates and valuations

ACCA Self assessment support – provisional or estimated figures

ACCA Self assessment support – common adjustments in tax returns

ACCA on Covid-19 – Latest changes on the CJRS and SEISS support

Temporary Changes to Office Opening Times at Whitefield / YogaTax

Lockdown #2 – Increased Financial Support for Businesses

Self Employed Income Support Grants – Answering Some Common Questions (updated 22nd October 2020)

Yoga Classes, Yoga Studios and November 2020 Lockdown (England)

(Superseded) Latest Changes to Government Coronavirus Financial Support to Businesses

De-Registering for VAT

HMRC has made it easier for individuals to spread their income tax payments

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