Coronavirus (COVID-19) Business Interruption Loan Scheme Guidance
Further to our Government Support guide the British Business Bank have now issued their guidance as to eligibility criteria for businesses wishing to access the Coronavirus Business Interruption Loan Scheme (CBILS) as follows: The British Business Bank qualifying criteria for the loan scheme mean businesses must: • Be UK based, with turnover of no more […]
Coronavirus (COVID-19): Planning for business recovery
With COVID-19 developing uncertainties and businesses concerned about the current and future impact of the behaviour changes across the UK, businesses of all sizes need to consider the potential impact on their activities and finances and plan accordingly. On Thursday 17th, Rishi Sunak as Chancellor announced a package of support for businesses ranging from supporting […]
Responding to Coronavirus (COVID-19)
Businesses need to remain agile and alert as coronavirus evolves Where to go for information World Health Organisation’s technical guidance – https://www.who.int/emergencies/diseases/novel-coronavirus-2019/technical-guidance Government guidelines for employers and business – https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19 Government general guidance on the situation – https://www.gov.uk/guidance/coronavirus-covid-19-information-for-the-public Preserving and protecting the health and wellbeing of our clients, employees and community It is clear that […]
INSIGHT issue 2
INSIGHT is our regular magazine providing update and insight into the current world of finance for owners of small and medium businesses. Issue 2 can be accessed through the link below. INsight issue 2
Entrepreneurs relief changes expected in Spring budget
As widely published there are expected to be changes to the well known capital gains tax relief known as entrepreneurs relief. Designed to incentive the entrepreneurial spirit by allowing a 10% tax on gains accumulated on the sale of qualifying shares and activities the incentive has become synonymous with those with a higher net worth. […]
R&D tax credits: Claims to be limited from April 2020
Why HMRC elected to bring back PAYE/NIC cap for R&D tax credits and what does this mean for your claim? As things stand, R&D tax credits are available to loss making companies with relevant qualifying expenditure at a rate of 14.5%. This means that small and medium sized businesses making a taxable loss are currently […]
Tax Planning: Annual Investment Allowance set to reduce
The annual investment allowance (AIA) is a capital allowance which allows a 100% tax deduction for qualifying expenditure (most expenditure which qualifies for capital allowances) incurred in an accounting period. This relief is normally capped at £200,000 per annum but was temporarily increased to £1,000,000 for each of the two years ended 31 December 2020, […]
Changes to off-payroll working rules (IR35)
There are some important changes to employment taxes coming into effect from 6 April 2020. Are you affected? You are affected by the changes to the off-payroll working rules (IR35) if: You are a contractor who works through an intermediary, e.g. your own limited company, often known as a personal service company (PSC), and You […]
Local butchers expand with Standish store
NR Barton client and specialist local butchers, J McRobb are pleased to announced plans for their new store in Standish. The store on Market St in Standish was previously occupied by a car repair business and following refurbishment of the premises, the butchers are due to open in late Spring. The business will be serving […]
Team NRB running to raise funds for local charities
To sponsor the team visit this page: https://uk.virginmoneygiving.com/Team/NRBarton NR Barton are taking part in the HW Moon Toyota Wigan Half Marathon on Sunday 22 March to raise monies for two great local causes; Joining Jack and Wigan Youth Zone. Wigan Youth Zone is a purpose built, state-of-the-art youth facility in Wigan town centre which opened […]
