Making Tax Digital postponed to April 2021

One less thing to worry about. Making Tax Digital (MTD), delayed until April 2021.

Given the pressures on self-employed people and small business owners at the moment, we’re pleased to see that there’s no need to worry about new Making Tax Digital (MTD) compliance for the time being.

Clever Accounts Coronavirus Update March 27th

The Government has this week made a number of announcements about financial help during the Coronavirus pandemic.

Last night, Chancellor Rishi Sunak announced a package of measures designed to support self-employed people. Whilst we are awaiting detail on a number of areas, here’s a summary of what we know so far.

Clever Accounts Coronavirus Update

Coronavirus Update 23 March 2020

We appreciate that many of our clients are affected by the coronavirus pandemic. The Government has made a number of announcements on how it intends to support small businesses and is being pressed to do more for the self-employed. We are keeping a watching brief and will bring you updates as they are announced along with practical advice and support.

A statement on coronavirus and business continuity from Chris Mollan, Managing Director of Clever Accounts Ltd

In recent weeks we have been actively reviewing our business continuity procedures in the light of growing concern about the spread of coronavirus.

Our management team have monitored relevant information sources including the UK Government, NHS, and WHO and taken proactive action based on published guidance. We have also reviewed our existing business continuity measures, which are extensive anyway, to ensure we are ready to minimise the operational impact of the coronavirus pandemic.

Government delay announcement of the off-payroll reforms

The Off-Payroll (IR35) Reform Delayed Until April 2021

The legislation will now be reintroduced in April 2021. This is a welcome decision in light of the worrying health and economic challenges we now face, but we must stress that it has been made clear that this is only a delay and not a cancellation.

Coronavirus UK Budget

Help for Businesses During Coronavirus Pandemic

Last night the government unveiled a £350bn package of measures and pledged to do ‘whatever it takes’ to support businesses through the coronavirus pandemic. Here we summarise the key points relevant to small businesses. The […]

UK Budget Statement 2020

UK Budget 2020 – A mixed bag of optimism and uncertainty

Chancellor Rishi Sunak confirmed that the plans for IR35 reforms would go ahead. There are just under 4 weeks for contractors, agencies and end hirers to prepare, find out how we can help.

Taking salary and dividends

Taking salary and dividends before the end of this financial year

As the end of the current financial tax year is fast approaching, it’s a good idea to think about whether you have fully maximised the amount you can withdraw from the company, tax-free and at the basic rate of dividend tax.