Applications for the fifth round of the self-employed income support scheme grant (SEISS 5) are due to open in late July. SEISS 5 covers the period May 2021 to September 2021 and eligibility is based on your tax returns. Am I eligible? How much will I receive?
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Act Now! Super-deduction – a very attractive £25m tax break on capex investment
Super-deduction, a new capital investment allowance, has been introduced to boost business investment and help economic recovery. It is a great incentive to encourage businesses to invest in plant and machinery and there are very few exclusions on what can be purchased. Available for two years from April 2021, the 130% capital allowance deduction will deliver 25p off company tax bills for every £1 of qualifying spend.
Continue readingHow to determine if your worker is employed or self-employed following the new IR35 rules for the private sector from April 2021
Buoyed by the apparent success of rolling out IR35 into the public sector, HMRC have extended IR35 rules to the private sector with effect from April 2021. If you employ anyone through their limited company or via an agency then you will need to consider the new IR35 rules – read our guide to help you understand more.
Continue readingCash is King – Here’s how to generate cash right now
Covid-19 has hit many businesses hard. Many of us are working long hours to keep solvent: others are failing through no fault of their own, whilst a few are flying. The reason is simple: As a nation, we were not spending during lockdown. This means limited or non existent cash flow for impacted businesses.
Continue readingFinance for School Leavers in England – Your Need to Know Guide
With students all over Essex, Hertfordshire and the whole of England getting ready to leave school, we are asking “do you know all your options?” Your next chapter should be an exciting one so be one step ahead with our “need to know guide” to help you navigate the options ahead and how they will impact on you financially.
Continue readingKaren Robbins is celebrating 25 Years at HB Accountants – congratulations!
This month we are excited and delighted to be celebrating Karen’s 25 year anniversary at HB Accountants. Karen joined us on 13th May back in 1996 (the very same year that five bundles of trouble called The Spice Girls* were unleashed, Changing Rooms turned us into DIY lunatics and Take That decided to split**).
Continue readingWould you choose a Carbon Positive Accountant?
Would it make you feel great knowing that your accountant is actively striving to minimize their impact on the environment and by choosing to partner with them would help the planet just a tiny bit more by a tree being planted?
Continue readingWebinar Invite: Tax Allowances 2021/22 – Use them or lose them
Following our popular Tax Saving Strategies to Implement blog, Team HB’s Amy Armitage will be joining Grosvenor Wealth Management‘s David Assor for an informative webinar on utilising the tax allowances that are available to you, to save you tax
Continue readingCash Bonus For Employers Who Take On A New Apprentice
HIRE AN APPRENTICE AND RECEIVE UP TO £4,000
Any employer hiring new apprentices from 1st April 2021 will be eligible for extended cash bonuses of up to £4,000. Until 30 September 2021, grants of £3,000 per new hire, regardless of the apprentice’s age, will be distributed from the Treasury. This is on top of the £1,000 payment provided for new apprentices aged 16 to 18 and those under 25 with an Education, Health and Care Plan, meaning that some employers could receive £4,000 in total.
Continue readingThe fourth Self-Employment Income Support Scheme grant is worth up to £7,500 – do you know how to claim?
Updated: 26 April 2021 – The fourth Self-Employment Income Support Scheme grant is worth up to £7,500 & covers the period from February 2021 to April 2021. The online service to claim the fourth grant will be available from late April 2021. If you’re eligible based on your tax returns, HMRC will contact you in mid-April to give you a date that you can make your claim from. It will be given to you either by email, letter or within the online service.
The Government Gateway is now open for the fourth round of SEISS grants – you will need to login and will then be given a date to return to make your application
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