We would like to make you aware of several Government Support scheme that are available to access.
Linkedin Linda Jones Retires after 31 years of Service At the end of April, we celebrated the retirement of one of our longest serving and
BPR Heaton are delighted to announce the strengthening of our team by welcoming Lisa and Jack.
From April 1, 2022, all remaining VAT registered businesses, mainly those below the £85,000 threshold, not already operating MTD under the current legislation, will have to…
Find all you need to know about the Chancellor’s plans, from his latest Spring Statement.
The Statutory Sick Pay Rebate Scheme is ending on 17 March 2022, meaning you only have a limited time to submit any new claims or to amend claims you have already submitted.
Married couples and people who are in civil partnerships could be eligible to receive extra cash. HM Revenue and Customs (HMRC) are encouraging those who are eligible to sign up for Marriage Allowance to reduce their tax bill.
The National Minimum Wage is due to increase on 1st April 2022.
The government has announced additional economic support to help businesses who have been most impacted by the Omicron variant.
The Leeds Discretionary grant is now open for Businesses and Charities whose income is still being affected by the coronavirus outbreak. Successful applicants will receive a grant to help pay their fixed business costs.
BPR Heaton are delighted to announce the strengthening of our team by welcoming Paul Thompson. As one of Yorkshire’s largest independently owned Chartered practices, investing, and developing our work force is extremely important to us to ensure that we uphold high standards of service to our clients.
BPR Heaton welcome Amanda Brent to the team. As one of Yorkshire’s largest independently owned Chartered practices, investing, and developing our work force is extremely important to us to ensure that we uphold high standards of service to our clients.
Find all you need to know about the Chancellors plans, from his latest budget from our summary.
We are excited to announce that Lois Fish (Trainee Accountant), Lexi Bradford (Junior Management Accountant) and Ivan Nsimbi (Trainee Management Accountant) have recently passed all 7 of their AAT exams meaning that they can now apply for full AAT Membership, granting them MAAT status.
BPR Heaton are delighted to announce the strengthening of our team by welcoming Ivan Nsimbi. As one of Yorkshire’s largest independently owned Chartered practices, investing and developing our work force is extremely important to us to ensure that we uphold high standards of service to our clients.
At the end of September, we celebrated the retirement of one of our longest serving members of staff, Gwen Barker.
Draft legislation on the proposal to reform income tax basis periods was released on 20 July 2021. A consultation on how to implement these reforms was also launched alongside the draft legislation.
For some considerable time, there have been tax incentives to encourage UK businesses to invest in plant and machinery and in turn grow the economy.
The Coronavirus Job Retention Scheme has been extended until 30 September 2021.
HMRC have issued guidance stating that the online service to claim the fifth grant of the Self Employment Income Support Scheme (SEISS) will be available from late July 2021.
We are delighted to announce that Viva Mukherjee, a Management Accountant at BPR Heaton has now officially been granted his Chartered Accountant status.
We would like to make you aware of some upcoming changes to the Coronavirus Job Retention Scheme (CJRS) and some additional information on the 4th Self Employed Income Support Scheme (SEISS) which we have outlined in this article.
The Leeds City Region Digital Investment Fund has been developed to support businesses within the creative, digital/tech, MedTech and FinTech sectors based in West Yorkshire who are looking to expand.
The Coronavirus Restart Grant scheme has been developed to support businesses which operate in non-essential retail, hospitality, leisure, personal care, and accommodation sectors.
Our summary of the Economic Update provides an overview of the key announcements arising from the Chancellor’s speech.
Please find below updated information on the following points:
– VAT deferral payment schemes
– The new National Minimum Wage rates
– Self Assessment Tax Payments.
The VAT Reverse charge on Construction Services is being introduced by HMRC from 1st March 2021 in response to organised criminal attacks on the VAT system in the construction sector.
The Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS) both have upcoming deadlines that you should be aware of.
HMRC has announced that to assist taxpayers, they can if they wish, pay their Self Assessment liabilities in instalments.
Following the Prime Minister’s announcement last night, businesses that operate in retail, hospitality and leisure will be forced to close until at least February half-term. Following this announcement, there has been a further £4.6 billion released in new lockdown grants to support businesses and protect jobs.
The Brexit transition period has now ended. If your business trades goods with Europe, you will need to be aware of the changes that came into effect as of 1 January 2021.
Here is a summary of the available grants and business support schemes. We will continue to provide the latest updates on grants and business support, as and when information becomes available to us.
There are a number of grants and business support schemes available which you may be eligible for. We will continue to provide the latest updates on grants and business support that is available.
BPR Heaton are delighted to announce the strengthening of our team by welcoming Freddie Tamang. As one of Yorkshire’s largest independently owned Chartered practices, investing and developing our work force is extremely important to us to ensure that we uphold high standards of service to our clients.
It is now time to start preparing for our new relationship with the EU and the new rules which commence on 1 January 2021.
Late in the evening of 10 November 2020 HMRC issued further guidance regarding the Coronavirus Job Retention Scheme (CJRS).
We are now able to provide further information regarding the announcements made this week, covering the extension of the Coronavirus Job Retention Scheme (CJRS) and the Self-Employed Income Support Scheme (SEISS).
Following the announcement on Saturday of a new national lockdown, additional financial support is being provided by Government. This includes the extension for a month of the Coronavirus Job Retention Scheme (CJRS) with employees receiving 80% of their current salary for hours not worked and grants for business forced to close in England.
Following Rishi Sunak’s announcement last Thursday on how Government is providing support to help employers retain their employees through the Job Support Scheme (JSS) we want to update you with our understanding of the scheme.
HMRC have issued further guidance in regards to the Job Retention Bonus which we summarise below:
Yesterday the Chancellor announced a number of measures to assist employers and businesses during the Covid19 Pandemic.
BPR Heaton are delighted to announce the strengthening of our team by welcoming Cameron Beer.
Following on from our previous communications, we would like to remind you of the upcoming changes to the Coronavirus Job Retention Scheme (CJRS).
The Chancellor’s plan to kick start the economy came in the form of a Summer mini budget.
Read the key announcements here.
Since the start of the pandemic lockdown and all the issues this has created for businesses up and down the UK the focus for many owners, directors and indeed government has rightly been surviving this unprecedented period of shutdown.
On 1 June we outlined proposed changes to the Coronavirus Job Retention scheme. A significant volume of further guidance has now been issued and the following is only a summary, touching on some of the key points and does not go into detail on every matter.
Over the course of the pandemic the UK government has introduced various schemes each with the aim of supporting various sectors of the UK economy and society. Much of the support has been by way of grants, such as the small business grant, the Retail, Hospitality and Leisure Grant and the furlough scheme…
On Friday the Chancellor announced details of future changes to the government’s coronavirus support schemes. The key details are outlined below:
The Department for Business, Energy and Industrial Strategy has just published guidance on workers entitlement to holiday and holiday pay during the COVID-19 pandemic.
HMRC have brought forward the date from which claims under the Self-Employment Income Support Scheme (SEISS) can be made. Claims will now be able to be made from 13 May 2020.
From the 4th of May, the Government’s Bounce Back Loan scheme will be made available. The loan scheme aims to help small and medium-sized businesses to borrow between £2,000 and £50,000.
Updates that HMRC have now issued in respect of the Job Retention Scheme.
Topics include:
Deferring self-assessment payments on account due in July 2020
Coronavirus Business Interruption Loan (CBIL) Scheme update 1/4/20
Topics include:
Self-employment Income Support Scheme
The conditions for eligibility
Topics include:
Furloughed workers
COVID-19 Briefing – Gordons Solicitors
Topics include
Coronavirus Jobs Retention Scheme
What is a “Furloughed” employee?
Deferral of VAT and Income Tax
Nursery businesses – Rates holiday
Coronavirus Business Interruption Loan Scheme
Topics include:
Coronavirus Business Interruption Loan Scheme
Grants
Tax – Time to Pay arrangements
The current Covid19 outbreak is bringing many financial challenges to UK businesses and as such the government is announcing various support packages which seem to be changing on a daily basis. Below is a summary of the announcements as we understand them today and some practical issues to consider. We will endeavour to keep you up to date as we are made aware of further details.
Kick your finances into shape and start 2020 in the best possible way with our New Year money checklist for your finances.
The maximum Employment Allowance (EA) will increase from £3,000 to £4,000.
Employers will only be eligible for EA if their total qualifying employers’ secondary Class 1 NIC liability in the tax year ending 5 April 2020 is under £100,000.
The government has confirmed that the National Living Wage (NLW) will rise from its current level of £8.21 per hour to £8.72 per hour from 1 April 2020.
Let me start by posing an interesting question. As a business owner, what would you do if you had a machine that could make widgets without the need for any raw materials?
Since 2013, hundreds of thousands of parents have lost some or all their child benefit, currently worth £1,789 a year for a family with two children.
Are you putting off filing your tax return? Is it something you’d rather worry about next year? 31st January is ages off!
Getting your tax return submitted early could bring you several benefits. We look at 9 reasons why we think getting your tax return prepared and submitted early is a great idea.
There are many people who already know what a ‘Help to Buy ISA’ is, and some that may even have one, but for those who don’t, there is a deadline looming which you shouldn’t let pass by accidentally.
After 30 November 2019 you will not be able to open any new Help to Buy ISA’s and if you do qualify and don’t open one, that could mean missing out on up to £3k tax-free.
The new SRA Accounts Rules will be effective from 25 November 2019.
The new rules are more outcome focussed and with the number of rules being reduced from 52 down to only 13, they are also much shorter!
In preparation of the UK leaving the EU, businesses should now take immediate action to manage the associated impacts of leaving the EU, whether in a deal or no deal scenario.
The VAT Reverse charge on Construction Services is being introduced by HMRC from 1st October 2019 in response to organised criminal attacks on the VAT system in the construction sector.
If you deal in Construction, you will need to be aware of the changes being brought in by HMRC and it is important you plan ahead for them as they could impact on your cashflow.
From the first quarter starting on or after 1 April 2019, most VAT registered businesses, with a taxable turnover above £85,000, must keep their records digitally and use MTD compliant software to submit their VAT Returns to HMRC.
It gives us great pleasure to announce that Alex Moors has been appointed as an Associate of BPR Heaton.
Alex joined us in September 2011 and very quickly became a key member of the management accounting team…
The latest phase of the Digital Growth Voucher scheme is NOW OPEN and will close on Friday 26th October, 2018 and will provide the chance for even more businesses to undertake digital transformation projects.
The Big Four accountancy firms and the other larger nationals clearly realise that it’s a seller’s market when it comes to audit services – their audit fees have jumped by over 10% over the last year.
Despite the increase in the audit threshold both small and larger companies rely on us for a better deal. We offer first-rate audit services, but with a more client focused approach.
Your company may qualify for an audit exemption.
BPR Heaton are delighted to announce the further strengthening of the team by welcoming two new members of staff.
Sunday 17 June 2018 witnessed BPR Heaton continue their support as a sponsor of the Pudsey Legal 10k run, in addition to fielding a team of 5 courageous runners in the event.
Dividend allowance cut from £5,000 to £2,000 per annum from April 2018.
Responding to the latest economic forecasts from the Office for Budget Responsibility, Mr Hammond revealed that the economy is expected to grow at the slightly faster rate of 1.5% in 2018, compared with the 1.4% forecast in the Autumn Budget.
A reminder that the National Minimum Wage (NMW) is set to increase on 1st April 2018.
Employers may be required to increase the amount of their contributions into their automatic enrolment pension.
BPR Heaton are proud to have been able to help sponsor The Royal British Legion-Horsforth Branch.
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