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Last week the chancellor announced a temporary cut in the VAT rate for certain supplies in the hospitality and tourism sector. The standard 20% rate is being reduced to 5% from 15 July 2020 until 12 January 2021.  The reduced 5% VAT rate applies to: Supplies of food an...
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Flexible Furlough

To date, employees that were placed on furlough could not undertake work for you. Originally, the scheme was only for employees who were not working, and while on furlough, an employee could not undertake work for or on behalf of the organisation. However, from 1st July, emp...
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HMRC announced plans to open the online Coronavirus Job Retention Scheme (CJRS) service on 20 April with the first claims being paid 10 days later. The good news is that we will be able to access the system for our clients.Since the scheme was announced on 20 March, man...
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What is a social enterprise?

September 24, 2019
Why is Michael Sheen holding a spanner? and what exactly are social enterprises?Luckily Chris Addison (and Michael Sheen!) are on hand to explain it all in this video.This video contains a comprehensive, simple and fun explanation of what social enterprises are, how they are...
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Community Interest Companies (CICs) are limited companies, with special additional features, created for the use of people who want to conduct a business or other activity for community benefit, and not purely for private advantage. This is achieved by a "community interest ...
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The government sets a minimum amount workers must get paid on average for the hours they work. This is called the National Minimum Wage (NMW) or the National Living Wage (NLW) if you’re aged 25 or over.  It is a statutory obligation to pay your staff at the following ...
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From 1 April 2019 all VAT registered businesses (including charities) with a taxable turnover above the VAT threshold (£85,000) are required to keep their VAT business records digitally and send their VAT returns using Making Tax Digi...
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