Velocity Accounting Solutions
  • About Us
  • Benefits
  • Leadership
  • Packages
  • Our Partners
  • Testimonials
  • Contact Us
  • Blog
Select Page
Reclaim Married Couple’s Allowance before 5 April

Reclaim Married Couple’s Allowance before 5 April

by VelocityAS | Apr 1, 2022 | COVID-19, Employment, Finance, income, Self Assessment, Tax

Married Couple’s Allowance can be transferred between spouses and civil partners, and while 2m couples have claimed this since it was introduced back in 2015, there are many more people who are entitled to claim it. Go back four years The allowance, which is worth up...
Bounce-back loans – where are we now?

Bounce-back loans – where are we now?

by VelocityAS | Mar 1, 2022 | Business, COVID-19, Finance, Tax

The bounce back loans, CBILS and CLBILS for larger companies were some of the most generous schemes available to businesses suffering from the impact of lockdowns due to the Covid-19 pandemic, paying out a total of £80 billion to help keep businesses afloat. The...
Businesses must prepare as wider creditor action protections end in March

Businesses must prepare as wider creditor action protections end in March

by VelocityAS | Feb 1, 2022 | Accounting, Business, COVID-19

Companies with debts outside of their rental arrears face the removal of protection against creditor actions from March 31, 2022. Other debts outside rental arrears affected Currently, rent arrears built up because of forced closures as a result of COVID-19 are...
Landlords and tenants face legally binding arbitration over rent arrear disputes

Landlords and tenants face legally binding arbitration over rent arrear disputes

by VelocityAS | Feb 1, 2022 | Accounting, COVID-19, income

Companies forced to close due to Coronavirus restrictions are currently protected from eviction by landlords until March 25, but a Government Bill currently before Parliament is expected to create binding arbitration following this date. Code of Practice The...
Taxpayers get extension to self-assessment filing dates

Taxpayers get extension to self-assessment filing dates

by VelocityAS | Feb 1, 2022 | Accounting, CJRS, COVID-19, Finance, HMRC, income, SEISS, Self Assessment, Tax

Millions of taxpayers who are yet to submit their completed Self-Assessment tax return which is due before January 31 are being given a grace period to file until February 28. More than 12.2 million customers are expected to complete a tax return for the 2020/21 tax...
Businesses helped by COVID-19 support could face unexpected tax bills

Businesses helped by COVID-19 support could face unexpected tax bills

by VelocityAS | Feb 1, 2022 | Accounting, CJRS, COVID-19, HMRC, National Insurance, Statutory Sick Pay, Tax

Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were non-taxable. Have you set money aside to deal with tax on support grants? HMRC...
« Older Entries

Recent Posts

  • Make sure your business is ready for MTD
  • Super deduction, can your business claim?
  • Claiming everything you are entitled to from the taxman?
  • National Insurance contribution levels change in July
  • End of bulk appeals for tax fines in May

Archives

  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • October 2020
  • September 2020

Categories

  • Accounting
  • AIA
  • Brexit
  • Budget 2021
  • Business
  • capital allowance
  • Charity
  • CJRS
  • Company Car
  • Corporation Tax
  • COVID-19
  • Currency
  • Dividends
  • Employment
  • Finance
  • HMRC
  • IHT
  • income
  • IR35
  • ISA
  • IT
  • MTD
  • National Insurance
  • PAYE
  • Payroll
  • Recovery Loan Scheme
  • SEISS
  • Self Assessment
  • Shares
  • Spring Statement
  • Stamp Duty
  • Statutory Sick Pay
  • Tax
  • Tax Relief
  • Trading
  • Universal Credit
  • VAT
  • Winter Economy Plan
Copyright © 2022 Velocity Accounting Solutions | All Rights Reserved | The Old Dairy, Broadfield Road, Sheffield, S8 0XQ | Terms & Privacy Policy