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Furlough scheme and SEISS to end in October

Lockdown restrictions are easing after the coronavirus pandemic, but businesses continue to apply for government support loans in their droves. At the end of last month, more than 745,000 firms in the UK had taken advantage of coronavirus loans worth in excess of...

Tax changes for 2020/21

It’s hard to believe we’re a month into the 2020/21 tax year, given the volume of calls we’re fielding about the furlough scheme. Coronavirus continues to wreak havoc in the UK, both medically and with the economy. The effects of the latter could be felt for the next...

Accessing coronavirus support schemes

Each day more enquiries come in from clients who are understandably concerned about the implications of coronavirus for their businesses. COVID-19 is a huge source of alarm to people across the country, with all but the essential services unable to operate as the...

Off-payroll working in the private sector

The off-payroll working rules have been mired in controversy, and they will extend to the private sector next month.  Since being rolled out to the public sector in April 2017, HMRC has lost five out of six high-profile tribunals against celebrities.   TV host...

Capital gains tax in 2020/21

Capital gains tax kicks in when you profit from the sale of something you own, usually property, shares or possessions. The key point to remember is that this tax applies on the profit you make from the sale, not how much you sold it for. What you pay usually depends...

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