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Summer statement update: Stamp duty holiday, VAT reduced and other key announcements
Chancellor Rishi Sunak delivered the summer statement (economic update) to the House of Commons earlier today. Below are the key announcements: Stamp Duty Holiday The Chancellor has announced a stamp duty holiday where home buyers will not pay stamp duty up to...
Guide To Getting A Contractor Mortgage
A day rate contractor is a hybrid between employed and self-employed. Most work off payroll for a client who is similar to an employer. Contractors work on one contract at a time and are, therefore, different from being self-employed, where people may work with many...
What is the Optimal Salary for a Sole Director for Financial Year 2020/21?
The new financial year started on 6th April 2020. One of the main questions that arise during this time of the year is “what is the optimal salary for a sole director company?’. We have provided a few bits of guidance below. For tax year 2020/21, personal allowance...
COVID19: Bounce Back Loan Scheme
The Bounce Back Loan (BBL) Scheme is a new scheme introduced by the government to help smaller businesses impacted by coronavirus (COVID-19). The scheme was launched on 4th of May. It aims to assist those businesses to borrow between £2,000 up to 25% of a business’...
Covid 19 Business help and Guidance
World has never seen a turbulent time as such now. In UK this is the most challenging time since WW2. We are aware many of our clients are struggling to cope with cancelled contracts, cashflows, staff absences, deteriorating order books etc. This is taking a...
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