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what to do if you do business with EU Hollies Bookkeeping

What you need to do if you do business with the EU

If you do business across the borders of Europe, you need to consider how you structure your business from 1 January 2021. Spending time now considering how your border business operations and European specific corporate entities will be affected from 1 January 2021, is important. Incase you hadn’t noticed (!!) the UK has left the EU, and the transition period after Brexit comes to an end […]

Job Support Scheme November Hollies Bookkeeping

Job Support Scheme: What is changing after furlough?

Workers at firms told to shut because of coronavirus rules over the winter will receive at least 67% of their pay from the government under the Job Support Scheme. The scheme replaces furlough at the start of November. Until then, workers are in line for up to 80% of their pay – 20% from their employer and 60% from the government. Will you be paid […]

Are landlords being targeted in the government’s tax clampdown?

Are landlords being targeted in the government’s tax clampdown?

Are landlords being targeted in the government’s tax clampdown? If you’re a landlord and are unsure about current changes, The Hollies Bookkeeping can help. Landlords are being warned that a clampdown on unpaid tax from rental properties is expected to intensify. Experts point out that the government is looking to boost its funds following coronavirus spending – and that landlords who have failed to disclose […]

What is the job retention bonus?

What is the job retention bonus?

The government is introducing a new Job Retention Bonus to provide additional support to employers who keep on their furloughed employees in meaningful employment. This will kick in after the government’s Coronavirus Job Retention Scheme ends on 31 October 2020. The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, and who […]

What is VAT and how does it work?

What is VAT and how does it work?

The rate of value added tax (VAT) on hospitality and tourism from 20% to 5% has now started – but what isVAT and how does it work? The cut by the chancellor started last month and it will last until 12 January 2021. It applies to food and non-alcoholic drinks as well as accommodation and admission to attractions across the UK. Mr Sunak said the […]

Corporate Insolvency and Governance Act 2020

Corporate Insolvency and Governance Act 2020

How will measures introduced by the Corporate Insolvency and Governance Act will affect your filings at Companies House? On 25 June 2020, the Corporate Insolvency and Governance Act 2020 (the Act) received royal assent. It came into force on 26 June 2020. The measures introduced by the Act are to relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus […]