The first amnesty deadline for repaying overclaimed amounts through the Coronavirus Job Retention Scheme has passed and HMRC are now looking into cases of furlough fraud, it is therefore critical that businesses retain proper records of past and future claims should they come under scrutiny. The first deadline was 20 October 2020 in respect of claims […]
Imports and Exports The UK/EU withdrawal agreement expires at 11pm GMT on 31 December 2020. After that date, the UK will become a separate customs territory from the EU. This means that from 1 January 2021, all imports and exports of goods to and from the EU will become subject to customs procedures, both in […]
The Coronavirus Job Retention Scheme (CJRS) The CJRS has been extended until 31 March 2021. Employees will receive 80% of their current salary for hours worked, up to a maximum of £2,500 for November and December (with a further review expected in January) and businesses will only be asked to cover National Insurance and employer […]
The second round of applications for the C&W Covid Recovery Grant will be opened at 12 noon on 2nd November 2020, but in the meantime tomorrow (9th October) at 2.30pm there will be a live Zoom Q & A session for anyone who needs and advice and guidance around applying for the grant, you can […]
As announced by the Chancellor, self-assessment taxpayers can now apply online through the government gateway to spread the cost of their tax bill into monthly payments without the need to contact HMRC directly. With an increase to £30,000 for self-assessment customers, this so-called ‘Time to Pay’ service is to assist with Covid related financial pressures. Once […]
The Importance of Local Accountants in Barnsley – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Barnsley utilising local Barnsley […]
The Importance of Local Accountants in Wakefield Yorkshire – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Wakefield utilising local […]
The Importance of Local Accountants in Dewsbury Yorkshire – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Dewsbury utilising local […]
The Importance of Local Accountants in Halifax Yorkshire – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Halifax utilising local […]
The Importance of Local Accountants in Heckmondwike Yorkshire – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Heckmondwike utilising local […]
The Importance of Local Accountants in Brighouse Yorkshire – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Brighouse utilising local […]
The Importance of Local Accountants in Elland – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Elland, utilising local […]
The Importance of Local Accountants in Marsden – Why Langricks Stands Out When it comes to managing your finances, and accounts choosing the right accountant isn’t just a box-ticking exercise – it’s a critical decision that can shape the future of your business or personal wealth. For individuals and businesses based in Marsden, utilising local […]
SMEs have been hit hard during the recent pandemic. The media reading is depressing for many business owners at a time when we need to be positive. The statistics are horrendous – it is expected that 2020 will see the largest annual drop in GDP since 1921.People claiming unemployment benefit rose 69% from March to April – […]
The government’s furlough scheme has provided huge, much needed support for businesses. The scheme has been extended and there are some really important changes coming in, the key points are: From 1st July, the scheme will allow part-time working, but staff must have been furloughed by 10 June to be eligible There will be a new limit […]
On Monday 4th May 2020 it was the launch of the new Business Bounce Back Loan Scheme (BBLS). ‘Quick and easy-to-access’ loans worth up to £50,000 to help small businesses who have seen a loss of revenue and a disruption to their cashflow due to the coronavirus crisis. Whilst most banks were inundated and crashed within hours of […]
26 March 2020: the political importance of a support package for the self-employed was on full display today in Parliament, as MPs from across the Chamber took the opportunity to raise the issue during Prime Minister’s Questions at lunchtime. The topic was also a key theme during today’s session of the Work and Pensions Committee. […]
Do not delay, HMRC has announced that if businesses wish to defer their VAT payments, they must cancel their direct debits at their bank before they are due. © 2021 Langricks | All rights reserved.
With 31st March year end approaching, auditors need to consider the effect of the travel restrictions and social distancing on stock attendances required under Auditing Standards. The auditors do still need sufficient appropriate audit evidence in order to form their audit opinion on the existence and completeness of stocks at the balance sheet date. Below are the different options […]
The dedicated HMRC helpline for businesses and self-employed individuals who have difficulty with paying their tax due to COVID-19 promised at Budget 2020 is now in operation. The number of the helpline is 0800 0159 559. The helpline can assist with: · setting up a time to pay arrangement, · suspending debt collection proceedings, and · cancelling late payment penalties and (unusually) interest. 2,000 experienced HMRC staff are […]