• 13-week cashflow forecast

    We have a 13-week cashflow forecast for our clients to complete. This will help you to see where you need to cut costs and show you a clearer picture of where your business is headed. We hope this helps you during these uncertain times. Covid-19 13 Week Cashflow Forecast   

  • New Hardship Fund

    At the Spring Budget 2020 the Chancellor announced a new £500 million Hardship Fund in England. On 24 March 2020, it was confirmed the Hardship Fund will provide council tax relief to vulnerable people and households to help those affected by Coronavirus. This means that the money will go to local authorities in England to […]

  • Paper Tax Returns

    HMRC has announced that taxpayers still using paper returns will no longer routinely do so. This is part of the efforts to encourage the use of online services and reduce the unnecessary use of paper. From next month, instead of automatically receiving a paper return, taxpayers who have filed on paper will receive a short […]

  • Tax Relief for pension contribution

    The decision of the Chancellor, Rishi Sunak to increase the tapered annual allowance thresholds in the Budget earlier this month will have been welcomed by many high earners. From 06 April 2020, the tapered annual allowance will increase from £150,000 to £240,000. The annual allowance for tax relief on pensions will remain at £40,000 for […]

  • Coronavirus and claiming benefits

    If you’re in work and not claiming benefits If you cannot work due to coronavirus and are eligible for Statutory Sick Pay you will get it from day one, rather than from the fourth day of your illness. Statutory Sick Pay will be payable if you have coronavirus or are self-isolating on government advice. If […]

  • VAT Payments Deferral

    The Chancellor announced a VAT payments deferral on 20 March 2020 to support businesses with cashflow during the COVID-19 pandemic. This means that all businesses with a UK VAT registration have the option to defer VAT payments

  • Television licence fee for over 75’s delayed

    It has been announced that the changes introducing television licence charges for the over 75’s has been delayed. These changes had been due to come into effect from 01 June 2020 but have now been delayed until at least 01 August 2020 due to COVID-19. The TV licence fee has not been payable by those […]

  • Tax-free childcare scheme

    The Tax-Free Childcare Scheme (TFCS) is open to all eligible families with children under 12. It was announced as part of the Budget measures that a service improvement will be made to ensure the TFCS is compatible with school payment agents. This will allow parents of up to 500,000 school-aged children across the UK to […]

  • Companies to Receive 3-month Extension Period

    Businesses will be given an addition 3-months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19. From 25 March 2020, businesses are able to apply for a 3-month extension for filing their accounts. This means businesses will can prioritise managing the impact of Coronavirus. As […]

  • Important CGT change from April 2020

    From 06 April 2020 there will be a major change to the way Capital Gains Tax (CGT) is reported and paid. Currently, the usual due date for paying CGT owed to HMRC on property disposals is the 31 January following the end of the tax year in which capital gain was made. From 06 April […]

    Accounts Navigator Associates Ltd | Andrea L Richards