You may be here looking for our advice to the self employed following the announcements made by the government, but we’re not actually going to do a blog about it.
Because we feel the advice needs to be interpreted for everyone, we’ve already been in touch with all of our self employed clients to tell them what help is available for them and will of course update them if the situation changes, that’s not to say we’ll only advise our existing clients but we don’t want to add to the vague advice and opinions floating around, if you’ve any specific questions about how the help for self employed will affect you please do get in touch!
We’re doing our best to digest the information coming from the government and advise what it means for everyone, we’re doing regular e-mails for all of our clients but we’re repeating that information here for all.
We’ll be putting that disclaimer at the start of each of our posts, along with the date that the information was correct as of so you know how old the information is.
We’ve added a new menu item on the left to keep all the information in one place for you, check there for any updates.
As this is an ever changing situation please do get in touch with us, we are extremely busy helping people at the moment but will do our best to help as quick as we can.
We’re doing our best to digest the information coming from the government and advise what it means for everyone, we’re doing regular e-mails for all of our clients but we’re repeating that information here for all. Please note this information is correct as 21st March 2020.
We’re doing our best to digest the information coming from the government and advise what it means for everyone, we’re doing regular e-mails for all of our clients but we’re repeating that information here for all. Please note this information is correct as of 17th March.
We are aware that many of our clients business’ could be affected by COVID-19, ranging from a direct loss of work, to cash flow problems, staff absence, etc
We’ve had some clients contact us regarding what financial help might be available to them, especially following last week’s budget.
Coronavirus Business Interruption Loan Scheme (CBILS)
At present, the terms and conditions of the Coronavirus Business Interruption Loan Scheme (CBILS) have not been finalised by the government. Updates on the availability of this funding can be found via the following link:
Small Business Grant
In addition there is no update from the government on the £3,000 grant available to small businesses who let premises with a rateable value of less than £12,000.
When the CBILS and grant funds become available we can discuss your requirements and assist you and your business with the application for these funds.
Tax helpline for businesses affected by COVID-19
HMRC have set up a helpline for businesses and the self employed who are concerned by / cannot pay their tax liabilities as a result of COVID-19. Further details can be found via the following link:
Due to this government initiative being in the early stages, it’s unclear at this point what HMRC will be able to offer to you in respect of setting up an instalment arrangement or the suspension of debt collection proceedings. We are happy to discuss this and the potential merits of your case.
We will continue to provide key updates as they happen. Should you wish to discuss any of the above please do not hesitate to contact either of us.
Rebecca & Martin
With the ever busy January behind us, we wanted to quickly address something a lot of people suffer from, receiving a fake HMRC email.
So, how can you tell if it’s real?
The first step is to think about what the e-mail says, if it sounds too good to be true, it probably is! Do you do a tax return or have any reason that the HMRC would want to contact you?
The really important thing to remember is if you’re not doing anything wrong then you’ve no reason to fear calling them to check the validity of an e-mail! There’s also some useful information online at https://www.gov.uk/topic/dealing-with-hmrc/phishing-scams
Remember, scammers are getting more and more sophisticated and fakes are becoming harder to spot. We’re more than happy to try and help you if you are still unsure, you can forward the e-mail to us for our opinion, please don’t send any attachments with it or we will probably not open it, we want to protect ourselves too!
But remember, if you’re in doubt then don’t click on any links, give the HMRC a call.
We’ve had a few calls and emails over the last few months regarding QuickBooks with a similar theme, people have seen the adverts on TV and heard the radio ad’s saying how easy your accounts can be when you use QuickBooks and they’ve got it, set it up the best they can and then realised they still have to do more than they thought! I definitely feel that the adverts make it seem simpler and more automated than it is!
We can help in a few different ways – if you want to remain independent without a bookkeeper or accountant helping, you could book some of our bespoke training, either in our training room at our office or at your premises. Being bespoke means it’s nice and easy to make it relevant to how you’re running QuickBooks and how your business runs. Being bespoke doesn’t mean it costs a fortune!
Another way we can help is by helping you with the setting up of the system, making it easy to get the information you need and easy to put the information in to get that! Or we can take some of that strain away to let you get on with running your business, we love doing bookkeeping and accounts but know most people don’t!
So if you’re struggling with QuickBooks please get in touch and see how we can help!
We’ve spent the year trying to release a new blog every 4 weeks and it’s fallen on 31st December for our last one, perfect timing for a summary of our year.
And what a year it has been! I set myself some targets at the beginning of the year and managed to hit them all by September which I’m really proud of, especially as it meant they happened before we merged companies. The merger was of course a big part of the year, as it’s seen both businesses grow from strength to strength. Another big highlight for me personally were employing Susan back in May, from the business side representing the growth in the business to need an employee and personally getting the chance to work with her again!
We moved to our first office back in April which we’ve already outgrown! We’ve now settled in well in our new office at Kent Elms Corner, with enough space to enable us to conduct meetings and training within our own space.
All of that is going to help us to continue the growth next year but equally important is that it will help us continue to offer the service level our clients expect and that we want to deliver, something we never want to slip however much we grow.
I’ll finish this blog by wishing our all clients, suppliers, family, friends and anyone else reading this blog a Happy New Year!