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Forming a limited company as a buy to let landlord
- 29th June 2021
- Posted by: team-glow
- Category: General, Tax
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When is it ok to form a limited company for your buy to let business and when is it not? A recent report by estate agent Hamptons showed that a record number of new limited companies have been set up by landlords in 2021, revealing a 23% increase compared to the previous year. Why? When
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This Month’s FAQs Answered
- 19th June 2021
- Posted by: team-glow
- Category: Shenward
There is a lot of uncertainty surrounding finances, especially given the current circumstances. As a result, business owners and sole traders are naturally asking more questions. With a number of key financial dates approaching, our experts have provided answers to this month’s frequently asked questions. When does the furlough scheme end? What are the key
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Tax Planning: Strategies for Individuals
- 14th June 2021
- Posted by: team-glow
- Category: Current Affairs, Shenward
The UK tax system is complex, there’s no denying it. And with the introduction of various COVID relief funds of late, it’s become even harder for the everyday individual to get their heads around it. The good news is, Tax Planning exists – and tax planning strategies for individuals can be created too. You might
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Meet the Team: Rashid Khan
- 31st May 2021
- Posted by: team-glow
- Category: Shenward
A This week as part of our ‘meet the people behind Shenward’ series, we caught up with Rashid from our Bradford office to gain insight into why he chose to be an accountant, his life inside and outside of Shenward, and who his dream celebrity client would be. Tell us about your role at Shenward? -
Bradford Council Outdoor Grant: Where to purchase everything you need for outdoor trading under £1,500
- 19th April 2021
- Posted by: team-glow
- Category: Shenward
A specially created shopping list covering everything you’ll need for outdoor trading in hospitality. As of Monday 12th April, restaurants, bars, cafes and other food and drink establishments were legally allowed to reopen their doors to customers on the proviso that guests were seated outside and were served at their table. For many in the
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Meet the Team: Olivia Hudson
- 7th April 2021
- Posted by: team-glow
- Category: Shenward
This week as part of our ‘meet the people behind Shenward’ series, we caught up with Olivia from our Leeds office to gain insight into why she chose to be an accountant, her life inside and outside of Shenward, and who her dream celebrity client would be. Tell us about your role at Shenward? It’s -
UK Budget 2021: Billions more for Coronavirus support – and how the ballooning debt will start to be repaid
- 5th March 2021
- Posted by: Sherad Dewedi
- Category: Current Affairs
Chancellor Rishi Sunak’s Budget continues emergency support for the UK economy ravaged by the Covid-19 pandemic – and the figures are eye-watering. In the short-term, the emergency support – most notably the Coronavirus Job Retention Scheme – has been extended as the Government starts to unlock the economy over the coming months. The Chancellor opened
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Last minute tips for filing your Self-Assessment Tax Return
- 28th January 2021
- Posted by: team-glow
- Category: Tax
The impact of the Covid-19 pandemic on people’s lives and livelihoods has meant that for many submitting a Self-Assessment Tax Return hasn’t been at the forefront of their mind. With a third national lockdown and schools being closed, the annual last-minute rush to submit tax returns by January 31 may not have been the No1
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Making Tax Digital: What lies ahead for VAT-registered businesses?
- 14th January 2021
- Posted by: team-glow
- Category: Tax
From March 2021 HMRC intends to transfer around one million VAT-registered businesses from the VAT Mainframe (VMF) onto their Enterprise Tax Management Platform (ETMP). This is a process known as “bulk migration.” There’s a lot of jargon there and you just want to know what it means for your business, right? It’s pretty straightforward. It’s all about
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Financial Support Still Available for Struggling Businesses – But the Clock is Ticking…
- 7th January 2021
- Posted by: team-glow
- Category: Current Affairs, Shenward
Lockdown 3.0 came hard and fast just a day after most businesses returned to work after the Christmas and New Year break. Businesses hoping for better times with the turn of the year were left disappointed and ‘non-essential’ shops hoping for a boost from the January sales were forced to close. Overnight the traditional ‘Happy
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Planning for the year ahead: 2021 business planning, where to start
- 21st December 2020
- Posted by: team-glow
- Category: Shenward
If there’s one thing we can agree on, 2020 has been a strange and difficult year for most. As 2020 comes to an end and we step into the new year with haste, now more than ever is a crucial time to start to plan for the year ahead. There are many political and economic
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Brexit negotiations, what the latest means for planning for UK businesses
- 21st December 2020
- Posted by: team-glow
- Category: Shenward
Although Britain left the EU in January 2020, its relationship with the EU has remained the same until the final cut-off date, December 31st. With Covid-19 dominating the news agenda and Brexit feeling somewhat pushed into the background, the final cut-off date is quickly looming, and the government’s negotiation skills are still working towards better
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The ‘hidden’ taxes you didn’t know you were paying – and five simple ways to cut your tax bill
- 10th December 2020
- Posted by: Sherad Dewedi
- Category: Current Affairs
Taxes are a fact of life. No-one likes paying them but if we didn’t there would be no NHS, no welfare state and no public services. As the saying goes ‘Money Makes the World Go Around’ and without people paying taxes the world would stop turning. Not literally, but you know what we mean! Given
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Financial Support Available During the Second Lockdown
- 5th November 2020
- Posted by: team-glow
- Category: Current Affairs
Financial Support Available During the Second Lockdown Last week, just days after the Chancellor Rishi Sunak announced amendments to the Job Support Scheme, we were notified as a nation that a second national lockdown would be enforced and therefore changes would be made to the proposed financial support packages. Whilst this brings good news to many,
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Getting to grips with the new Job Support Scheme
- 26th September 2020
- Posted by: team-glow
- Category: Current Affairs
Getting to grips with the new Job Support Scheme It comes as no surprise that as of the 31 October 2020, the Job Retention Scheme that has kept so many businesses afloat throughout the pandemic will come to an end. However, the good news is that Rishi Sunak announced a new support scheme will come
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How can R&D Tax Credits benefit your business?
- 28th August 2020
- Posted by: team-glow
- Category: Tax
How can R&D Tax Credits benefit your business? ‘What are R&D Tax Credits?’ It’s a question that should be asked more often in the world of business, especially since it’s an incentive to encourage innovation in UK businesses – a cash injection for any research and development that a business has completed. Sadly, however, unless
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How much do you know about quarterly Corporation Tax payments?
- 6th August 2020
- Posted by: team-glow
- Category: Shenward
How much do you know about quarterly Corporation Tax payments? Written by Michael Gough, Senior Accountant at Shenward, Leeds. For small companies, corporation tax is payable by nine months and one day after the end of your accounting period. For example, if your company’s year-end is 31 December 2019, the corporation tax, if you are
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Accounting for government grants: What your accountant needs to know
- 6th August 2020
- Posted by: team-glow
- Category: Current Affairs
Accounting for government grants: What your accountant needs to know Across the industry, accountants are beginning to prepare year-end financial statements for clients whose accounting periods end on or after 31 March 2020. Resulting from the various government support made available due to the COVID-19 pandemic, businesses are likely to have received grants, whether from
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Summer Statement: A review of the Chancellor’s key announcements
- 10th July 2020
- Posted by: team-glow
- Category: Current Affairs
Summer Statement: A review of the Chancellor’s key announcements In a bid to minimise the economic impact caused by the coronavirus pandemic, yesterday (8 July 2020) the Chancellor made a summer statement mini-budget announcement to the nation. Whilst we welcome the government support and appreciate the governments’ efforts to support the economy, we again await
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How will the furlough scheme change from July?
- 18th June 2020
- Posted by: team-glow
- Category: Current Affairs
How will the furlough scheme change from July? Since the Coronavirus Job Retention Scheme (CJRS) officially launched on 20 April it has enabled businesses to keep valued employees whilst facing the financial challenges brought about by the pandemic. Chancellor Rishi Sunak has been clear about the fact that the government has always intended to review