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Following Rishi Sunak’s economic statement to the House of Commons on 11 Jan 2021, Craig Simpson, tax partner at Bates Weston, looks at the tax changes that may be ahead in the Budget on 3 March 2021.
Wayne Thomas, partner at Bates Weston, looks at the cashflow pressures that are mounting for businesses.
Following the National Lockdown announced yesterday by the PM, the Chancellor announced new one-off top up business support grants for the retail, hospitality and leisure sectors worth up to £9,000. Additionally discretionary funds are also available for other businesses impacted by the lockdown.
Chancellor extends furlough scheme until the end of April 2021 and Covid-19 business loan schemes extended until the end of March.
The use of Employee Ownership Trusts (EOT) by private companies has seen a considerable rise in 2020 and is expected to continue into 2021. But are they right for your company?
Bates Weston’s tax team update and co-author Tolley’s Tax Planning for Owner Managed Businesses 2020-21.
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