News

Budget 2021

BUDGET 2021   On 27 October 2021, the Chancellor delivered his third Budget in conjunction with the Public Spending Review. Many of the spending announcements had already been leaked to the Press prior to Budget Day and arguably a lot of it was not new money. The...

Newsletter October 2021

Newsletter October 2021 In our newsletter October 2021 Covered in the newletter: Do you really need to be busy Increases in NIC and tax on dividends HMRC postpone the start of MTD for Income Tax The end of Furlough for employers The increase in VAT rates for the...

NIC and Dividend Tax Rates

Proposed NIC and Dividend Tax Rates The government has recently brought forward plans to change the funding of social care with a proposed increases in NIC and dividend tax rates . It is proposed that there will be a 1.25% rise in National Insurance Contributions...

Making Tax Digital for Income Tax

Government Postpone Making Tax Digital for Income Tax to 2024/25 Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital for Income Tax Self-Assessment (ITSA) a...

Newsletter September 2021

Newsletter September 2021 In our newsletter (September 2021): The need for businesses to have forecasts Furlough ends 30 September The end of the Hospitality 5% VAT rate again on 30 September 2021 The start of Help to Grow: Digital another government backed grant...

Newsletter August 2021

Newsletter August 2021 In our latest newsletter (Newsletter August 2021), we have articles covering: Why you need to work on your business strategy and the power that an external perspective  can bring to your decision making process 5th (and final) round of HMRC's...

FIFTH SEISS GRANT

Fifth Self Employed Income Support Grant The fifth SEISS grant will be available for the self-employed to claim, towards the end of July. It is proposed that this will be the final payment that will be made under the scheme. It marks the point where HMRC will stop...

VAT deferral

VAT deferral – apply online by 21 June 2021 The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March and 30 June 2020 and were unable to pay in full by 31 March 2021. The initial scheme was part of the HM Government's...

Business Growth Funding

Business Growth Funding Business Growth Funding comes in a number of forms whether it be grants, loans or potentially outside equity. As we continue to expand our support for Russell & Co's clients, we are now using the Adviser Funding Portal to assist in...