Leeds-based accountancy firm Brown Butler has said that the Chancellor’s Winter Economy Plan announced in Parliament will play an important role in supporting businesses during these difficult times – but may still leave some workers without support. Earlier this week the
News
Businesses encouraged to use up to £1 million of tax relief before it runs out
With many businesses keen to access funding to support them during the current crisis, Leeds-based accountants Brown Butler is calling on companies to take advantage of the Annual Investment Allowance (AIA). The AIA for capital allowances was increased to £1,000,000 per annum
Capital Allowances – Annual Investment Allowance – change is coming – use it or lose it
The Annual Investment Allowance (AIA) for capital allowances was increased to £1,000,000 per annum for expenditure from 1 January 2019 – however, this was only a temporary measure and it is reducing back to £200,000 from 1 January 2021. Therefore,
CBILS ends on 30th September 2020
The Coronavirus Business Interruption Loan Scheme (CBILS) has offered important financial support to thousands of businesses across the UK – but it is due to end this month. Although the deadline for accredited lenders to review applications was recently extended
Training and fundraising continue for Martin House Hospice charity bike ride
We are now just a month away from the start of our 90-mile charity bike ride for Martin House Hospice and our team are hard at work training for the big day. Six members of our team are taking part
Change to Companies House bank details
Companies House has changed its bank details with effect from 1 September 2020 following a technical change to the way it is funded. Letters sent by Companies House from 1 September 2020 onwards include the new bank details, which businesses
More than £1 billion in tax reliefs for creative industry
According to the latest official figures from HM Revenue & Customs (HMRC), a total of £1.1 billion was paid out in tax reliefs for the creative sector during 2019/20. The figure represents a rise of more than £30 million on
Advisory Fuel Rates for next quarter come into effect
A new set of Advisory Fuel Rates for the next financial quarter are now in effect as of 1 September 2020. These rates apply to any employee who uses a company car. The rates can be used in circumstances where
Key dates for the Coronavirus Job Retention Scheme
As the Coronavirus Job Retention Scheme (CJRS) is slowly wound down by the Government, businesses must adapt their PAYE reporting and payroll function to reflect the required funding contributions. To help, we have provided a list of key dates for
The first Child Trust Funds (CTFs) can now be claimed
The first Child Trust Funds (CTFs) are set to mature in September allowing those turning 18 to access their fund for the first time. CTFs were tax-free children’s savings account set up by the Government, which were available to those