During the last few months, to assist workers with working from home, many businesses have supplied a work mobile phone, but how should they account for this benefit? Typically, the provision of equipment, such as a mobile, could be considered … Continue reading
Since 1 January 2019, the Annual Investment Allowance (AIA) for capital allowances has been £1 million – helping businesses to invest tax efficiently. However, from 1 January 2021, the AIA will fall back to just £200,000, reducing the amount of … Continue reading
HM Revenue & Customs (HMRC) has published further details of the Job Support Scheme (JSS), announced by the Chancellor during his Winter Economy Statement in Parliament on 24 September. The JSS is intended to support businesses facing reduced demand over … Continue reading
The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result of tougher Coronavirus restrictions. The announcement was made ahead of new plans … Continue reading
Employers will be able to apply for the Job Retention Bonus (JRB) between 15 February 2021 and 31 March 2021. This one-off taxable payment to employers offers £1,000 for each eligible employee that was furloughed and kept continuously employed until … Continue reading
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