Following the announcement by Chancellor Rishi Sunak on 24 September of additional measures to help businesses and taxpayers hit by the Covid-19 pandemic, HMRC have launched an online payment plan service that individual tax payers can access to help spread their Self Assessment tax liabilities.
Most of us have life insurance to provide for our families, ensuring they can repay the mortgage, for example. But what about protecting your share of a limited company or business partnership?
As the volume of activity increases online, so does the risk of online fraud. Any limited company is exposed to corporate identity fraud as the company details are held online with Companies House. Companies House deal with around 50 to 100 cases of corporate identity theft every month.
There was considerable anticipation ahead of the Chancellor unveiling the Winter Economy Plan today (Thursday 24 September). It is likely that the South West business community will now be breathing a collective sigh of relief following the announcement of a package of support to protect against the ongoing impact of the Covid-19 crisis.
The challenges facing the UK manufacturing sector are many, varied and well documented; whether they arise from Brexit or the problems of Covid-19 and lockdown, the sector is currently experiencing uncertainties unseen for many years.
Have you considered business loan protection?
Many people overlook business loan protection, but have you thought about what would happen if your family was left with the burden of having to repay your business loan?
The appointment of a financial planner with 20 years’ experience is helping us to meet increasing customer demand for specialist advice. Simon Valentine-Marsh is based in our Exeter office, supporting business clients and individuals across Devon and beyond.
The Enterprise Management Incentive scheme (EMI) is a tax advantaged share option scheme for employees. The key benefits of the scheme are that any employee tax liabilities on share options granted under the EMI can be deferred until the shares are sold and that any profit can be liable to capital gains tax, rather than at higher income tax rates.
Many people are predicting what the Chancellor’s Autumn Budget will include.
Chancellor of the Exchequer Rishi Sunak’s imaginative Eat out to help out scheme was highly popular. Designed to give the restaurant sector a boost in August, it was the latest in a long line of Government initiatives to support business and mitigate the economic damage caused by the Covid-19 pandemic.