News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
EOT Deferred Consideration
Craig Simpson, Tax Partner at Bates Weston, considers the implications of using deferred consideration to pay outgoing shareholders when an Employee Ownership Trust (EOT) is created.
EOT Share Valuation
The tax costs of overvaluation are significant should HMRC consider the transaction overvalued. Getting an independent valuation early in the EOT thought process is important.
Update on Local Authority Discretionary Grants Fund
Government issues promised guidance to Local Authorities regarding the Local Authority Discretionary Grants Fund, aimed at helping small and microbusinesses that were not eligible for previous grant funding.
COVID-19 secure workplaces
The 5 key points that are common to all Covid-19 secure guidance for different types of workplace, and links to the eight workplace specific guidance.
Summary of Government’s Covid-19 Recovery Strategy
Following the Prime Minister’s address yesterday, the government has published “OUR PLAN TO REBUILD: The UK Government’s COVID-19 recovery strategy”. We have tried to summarise it.
Government outlines plans for reopening society
The government outlines the first steps society will take to safely restart the economy and stresses that all steps are conditional on keeping the virus under control. Calls for clear guidance on Covid secure status and phasing of government support required.
Practical help from accountants you can rely on
The practical help we, as accountants, are giving to support our clients today, and how we plan to keep on helping them in the future.
Top up on grant funding to help SMEs
Local Authority discretionary Grant Funding for SMEs may be available from your Local Authority following a Top Up of grant funding by the government. If your business employs less than 50 people and has seen a significant drop in income due to Coronavirus restriction measures but did not qualify for the Small Business Grant Fund or the Retail, Hospitality & Leisure Grant Fund, help could be on the way.
Practical insights on the safe reopening of the economy
Insights from business leaders on the practical steps that can be taken to create safe workplaces as we anticipate news on the safe, collaborative and cautious reopening of the economy.
ICAEW highlights the need for checks on SEISS
Who checks whether HMRC is right about your eligibility for SEISS and the amount of your payment? Your accountant.
Bounce Back Loans introduced by Government
The Chancellor, Rishi Sunak, has announced a new micro loan scheme of Bounce Back Loans, providing a simple, quick, easy solution for businesses in need of smaller loans.
Reopen the economy safely
Reviews the CBI daily webinar and considers their position on gradually restarting the economy safely.
Building Financial Resilience in the Charity Sector
How to make charities financially resilient: consider government support, make clear documented decisions, control cashflow and be alert to the guidance from Companies House and the Charity Commission.
Income Tax Relief and Venture Capital Trust Shares
HMRC launch a campaign to ensure taxpayers understand when the income tax on Venture Capital Trust (VCT) investments is clawed back, and alter their timescales to reflect the challenging times we find ourselves in.
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