How do we price for our services? A common query we are asked is how do we price for our services? At Dawes Accountants, we have moved away from charging by the hour and only offer fair fixed monthly fees for services delivered. No surprise billing, you will know what you will pay us each…
Extension to the Coronavirus Job Retention Scheme (Furlough) The Coronavirus Job Retention Scheme (CJRS) has been extended until the end of September 2021. The UK Government will continue to pay 80% of employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, up to the end of June 2021.…
Self-Employment Income Support Scheme – future grants confirmed The UK Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. The fourth and fifth grants will take into account submitted 2019-20 tax returns. This means you may be able to claim, even if they were…
Who can claim the 3rd SEISS Grant? We have seen this asked a few times across social media and by our clients, so here is a guide on the current guidance issued on who can claim as detailed by HMRC here; 1. Who can claim To be eligible for the grant extension self-employed individuals, including members…
Government support update lockdown 2.0 The Government have issued further guidance on the support packages available during Lockdown 2.0. The continually changing guidance has proved challenging, however, we are dedicated to supporting you. We have therefore summarised the details of the updated guidance for you… ✅ Extension to the Coronavirus Jobs Retention Scheme (CJRS) The CJRS…
Making Tax Digital update HMRC have released a Making Tax Digital (MTD) Update, releasing revised proposed dates for its full implementation. They have released details on their 10 year strategy here. What is Making Tax Digital? Making Tax Digital is HMRC initiative to move businesses to keeping digital records and to report their financial information…
Self Employment Income Support Scheme (SEISS) Tax Treatment HMRC have released draft legislation for the tax treatment of Self Employment Income Support Scheme (SEISS) grant payments. It has always been stated the the Grant payments will be classed as taxable income. A question was always whether the March element of the payment should be included…
Self-Employment Income Support Scheme Update on 2nd payment HMRC have updated the guidance relating to the second Self-employment Income Support Scheme Grant, which will be available to claim in August. This will be the final grant. You must make your claim for the 1st grant on or before the 13th July 2020, if you have…
Flexible Furlough – Coronavirus Job Retention Scheme Update On Friday 12th June HMRC updated the guidance relating to how the new “Flexible Furlough” Scheme will operate, as of the 1st July 2020. As of the 1st July 2020, employers are able to bring staff who have previously been furloughed back to work, for any amount…
Furlough Scheme Update – Important Date to note – 10th June The Chancellor has recently updated us with the changes to the Furlough scheme, which are detailed in full below. Included in this is a very important date to note being the 10th June. This is the date employees must be on the furlough scheme by,…