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Last minute tips for filing your Self-Assessment Tax Return
- 28th January 2021
- Posted by: team-glow
- Category: Tax
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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
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Offsetting covid-19 losses against previous year’s profits
- 9th June 2020
- Posted by: team-glow
- Category: Current Affairs
Offsetting covid-19 losses against previous year’s profits The economic fallout from the COVID-19 pandemic is already beginning to cripple even the most resilient of markets, and thus threatening national and global growth. In the three months that the UK has spent in lockdown, we’ve witnessed businesses of all sizes dramatically slow down, if not completely
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COVID-19 Financial Support: Updates to Furlough and Self Employment Income Support Schemes
- 1st June 2020
- Posted by: team-glow
- Category: Current Affairs
COVID-19 Financial Support: Updates to Furlough and Self Employment Income Support Schemes Over the course of the last month, there’s been a lot of speculation about how long the government can continue to financially support individuals and businesses across the UK. Whilst many of the rumours weren’t backed up by facts, one particular speculation was confirmed
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Small Business Funding
- 27th May 2020
- Posted by: team-glow
- Category: Current Affairs
Small Business Funding: What you need to know about the top-up to local business grant fund scheme. On May 1st, the Government announced it would be introducing further support for small or micro businesses which had been left out of the original support schemes such as the Small Business Grant Fund or the Retail, Leisure
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Meet the Team: Manali Zaveri
- 23rd May 2020
- Posted by: team-glow
- Category: Shenward
At Shenward, we are proud to have a team of talented professionals that enable us to deliver the best possible service to our clients. Our team is diverse, and we are proud to employ professionals from all walks of life. This week, we caught up with Manali Zaveri, Chartered Accountant at our Bradford Office to
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Meet the Team: Miles Davies
- 11th May 2020
- Posted by: team-glow
- Category: Shenward
Tell us about your role at Shenward? My responsibilities vary from day to day, but one that never changes is exceptional customer service for clients. I support a range of clients who fall withing many different sectors; some are individuals, and some are bigger businesses. Service to these clients includes preparing financial accounts, VAT returns,
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Furloughing
- 7th April 2020
- Posted by: team-glow
- Category: Current Affairs
Furloughing: Everything you need to know as an employer There’s no denying that the UK is facing one of the biggest peacetime economic shocks its ever faced and as a result, businesses of all sizes have been presented with sudden financial constraints. But, in a bid to support businesses throughout the COVID-19 pandemic and reduce the
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COVID-19 Self-employment Survey
- 31st March 2020
- Posted by: team-glow
- Category: Current Affairs
COVID-19 Self-employment Survey The new Coronavirus, officially name COVID-19, was first declared a pandemic by the World Health Organisation on 11TH March 2020, when the number of affected countries and individuals drastically increased. As confirmed by Chancellor Rishi Sunak, this has caused the biggest peacetime economic shock the UK has ever faced. Because of this,
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