⭐⭐Brace for Brexit: Jason Croke of Accountingweb considers the VAT rules for services supplied to businesses and consumers from 1st January 2021, after the end of the transition period for leaving the EU
⭐⭐Bounce Back Loan Top Up – Businesses that had borrowed less than the maximum £50,000, or 25% of their turnover, will be allowed to top up the extra cash by going back to their banks as announced by the treasury.
UK firms will now have until the end of January to apply for emergency business loans, that is two months longer than the existing 30th November deadline.
⭐⭐Companies House issue ‘don’t leave it until the last minute’ advice to businesses.
Companies across the UK are being urged not to leave filing their annual accounts until the last minute and consider going paperless, as the disruption caused by coronavirus (COVID-19) continues to affect people’s lives, businesses and the economy.
⭐⭐Just to reassure our clients that we will remain open during this lockdown so do get in touch should you need any assistance. We are also here to support businesses and individuals new to us so please contact us on 01728 687000. Stay safe. ⭐⭐
⭐⭐Covid winter rescue plan: What you need to know⭐⭐
Chancellor Sunak revealed five measures to help businesses survive into 2021: a job support scheme, more SEISS grants, improved loan terms, further deferrals of tax payments and a continuation of the 5% VAT for the hospitality sector.
Read more on this article by clicking the link below.
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