News

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...

Effective Personal Tax Rates

Effective Personal Tax Rates Whether you are an employee, sole trader or shareholding company director your effective personal tax rates can be very different. HMRC are under pressure to raise extra taxes to repay the rises in the National Debt after the huge support...

Coronavirus Restart Grant

Coronavirus Restart Grant - England The Coronavirus Restart Grant scheme supports businesses to reopen safely as COVID-19 restrictions are lifted. Grants will be available from 1 April 2021. Eligible businesses in the non-essential retail, hospitality, accommodation,...

CONSULTATIONS ISSUED ON “TAX DAY”

CONSULTATIONS ISSUED ON “TAX DAY” BY TREASURY The Treasury's consultations issued on "Tax Day" broke with tradition replacing the normal bundle of tax consultation documents released on Budget Day. This year however they decided to delay the publication for 3 weeks...

Corporation Tax Rates will rise to 25%

CORPORATION TAX RATES WILL RISE TO 25% BUT NOT FOR ALL COMPANIES The main UK Corporation Tax rates will rise to 25% from 1 April 2023. We currently have one of the lowest corporate tax rates of the G20 countries. The government states it is committed to keeping the...