Covid19 Archives - Page 7 of 18 - Whitefield Tax - Isle of Wight Accountants

Self Assessment Deadline extended for 2019-20

by Jessica Garbett | Jan 25, 2021 | business taxation, Covid19, HMRC, personal taxatation

Its been announced today, 25th January 2021, that HMRC are giving taxpayers an extra month for filing 2019/20 tax returns which were otherwise due on 31 January 2021. However, whilst you won’t be charged a penalty for submitting your return up to a month...

Covid-19 – latest updates to CJRS guidance

by Jessica Garbett | Jan 22, 2021 | ACCA, business issues, Covid19

A refresher from ACCA on the CJRS, more commonly known as Furlough, which is extended until the end of April 2021. Coronavirus Job Retention Scheme (CJRS) In response to the most recent lockdown measures, the CJRS has been extended until the end of April 2021....

Deadline looms for third SEISS grant

by Jessica Garbett | Jan 22, 2021 | ACCA, business issues, Covid19

A refresher from ACCA on what you need to know to make a claim. Applications for the third grant for the self-employed opened from 30 November and claims must be made by 29 January 2021. The third taxable grant is worth 80% of the applicant’s average monthly...

Covid and redundancies – accounting under FRS 102 and corporation tax treatment

by Jessica Garbett | Jan 7, 2021 | ACCA, business taxation, Covid19, financial reporting

The accounting and tax treatment of Covid-related redundancy payments for companies. The impact of Covid-19 on sustained trading and the changing announcements in relation to the furlough scheme have forced many businesses to make some of their staff redundant. This...

New Coronavirus Business Support Grants Announced (England) – 5th January 2021

by Jessica Garbett | Jan 5, 2021 | Covid19

Following lockdown #3, Government has announced further business support grants today, 5th January 2021. The new announcement today is (a) one off grants to businesses with business premises in the Retail, Hospitality and Leisure Sector, see 2 below, and (b) extra...

ACCA Factsheet: accounting for coronavirus

by Jessica Garbett | Dec 17, 2020 | ACCA, business taxation, Covid19, financial reporting

ACCA issue a revised technical factsheet addresses the accounting aspects of some of the grants and reliefs made available by the government due to Covid-19. The impact of Covid-19 (coronavirus) has had a significantly detrimental effect on businesses across the UK....

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Next Entries »

Self Assessment Deadline extended for 2019-20

Covid-19 – latest updates to CJRS guidance

Deadline looms for third SEISS grant

Covid and redundancies – accounting under FRS 102 and corporation tax treatment

New Coronavirus Business Support Grants Announced (England) – 5th January 2021

ACCA Factsheet: accounting for coronavirus

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