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Covid-19 – Self Employment Update II

Covid-19 – Self Employment Update II

So – here it is... It is not perfect but it goes a long way. Link here from last night. Points to note: The time period – you submitted self assessment 2018/19 – you are still trading 2019/20 – you intend to trade 2020/21 AND – you have lost trading profits due to...

Covid-19 – Employment Update

Covid-19 – Employment Update

Disclaimer: this is our interpretation based on the information available and may be subject to revision so please check before acting upon it March 2020 Please see this link which came out last night. It answers a number of questions Ers NI and the basic minimum...

Covid-19 – Supporting You

Covid-19 – Supporting You

At RR Accountancy Ltd we continue to work to support our clients through this difficult time. All the usual services are being provided, but in addition we are spending a lot of time reassuring clients, interpreting government bulletins and being proactive in...

Covid-19 – Job Retention Scheme Eligibility

Covid-19 – Job Retention Scheme Eligibility

Eligibility All UK businesses are eligible. How to access the scheme You will need to: designate affected employees as 'furloughed workers,' and notify your employees of this change - changing the status of employees remains subject to existing employment law and,...

Covid-19 – Barristers

Covid-19 – Barristers

There is lots of information coming out about support to all sorts of sectors – as Barristers you are self employed – and hence it is those provisions that are looked at below. If Courts are restricted in operation this may impact on your earnings. But – there are...

Covid-19 – HMRC support at this time

Covid-19 – HMRC support at this time

Whatever the size of business most make payments to HMRC in one form or other at some time of year. If making these payments is going to be difficult over the next few months there are various deferment plans in place - these are automatic and you do not need to...

Covid-19 – Self employed; What’s there for you?

Covid-19 – Self employed; What’s there for you?

The government support offered to the self employed has been criticised and may be subject to further announcements. Several other measures may apply to you. If your business runs from a property that you receive a business rates invoice for you may be entitled to one...

Covid-19 – Our update to employers

Covid-19 – Our update to employers

You will have heard that there is a developing package of help for those affected by Covid-19. The exact details of how and when are evolving, however there are some core decisions which employers will have to make - probably before the details are published. I...

MTD Update

MTD Update

We are delighted to confirm that the two main packages, that we use to support our clients, appear on the HMRC list of software suppliers supporting Making Tax Digital for VAT – Quickbooks and Xero. We work with other packages too – but these are our focus. So – are...

Child Benefit – are you missing out?

Child Benefit – are you missing out?

Child benefit – are you missing out? Is this you or your partner? Stay at home parents not claiming Child Benefit are losing state pension entitlement. For couples where one partner earns between £50,000 and £60,000, a progressively rising tax charge (the High Income...

You can’t teach an old dog……                 but can you?

You can’t teach an old dog…… but can you?

Here at RR Accountancy we are encouraging all our clients – both new and old – to consider moving to cloud accounting. Rachel has recently passed the Quickbooks advanced accreditation, and all members of the team are skilling up and ensuring they can support our...

Space…

Space…

… no – not the final frontier, but what we are enjoying at RR Accountancy since the office move. Anyone who was lucky enough(?) to visit the shed will know we were heaving where we were – colleagues circling the two desks, cupboards overflowing – we were perpetually...

First day of term…

First day of term…

September brings many new beginnings for many people – not least the younger members of our society who all have fresh starts – new teachers, new classrooms and for some that big step of going up to “big school”! That’s a bit like what it feels like for us at RR...

Leave it to the experts…

Leave it to the experts…

Moving to the new premises has been challenging – and indeed all consuming at points. From deciding which premises, to choosing furniture, to logos, to cabling, to waste disposal... I could go on. In doing this I have relearnt a huge lesson. Anyone who knows me will...