The growth and development of your business
Further Expansion of the Job Support Scheme (JSS)
The Government has announced a further expansion of the JSS, to increase the reach of its winter support schemes to ensure livelihoods and jobs across the UK continue to be protected in the difficult months to come. Under this latest expansion, employers will be...
“Why do I bother?”
In low moments, as we deal with the current struggles, obstacles and challenges of being in business, it can be easy to think "why do I bother?" This is typically an off-the-cuff remark we make when we feel particularly under pressure, of course, but is actually one I...
Self-assessment taxpayers given longer to pay
Self-assessment taxpayers have been given even longer to pay all the taxes due by 31 January 2021 made up of: 2019/2020 Second payment on account due 31 July 2020 2019/2020 Balancing payment 2019/2020 Capital Gains tax 2020/2021 First payment on account If your total...
Expansion to Job Support Scheme (JSS)
The Government has announced an expansion of the JSS, to provide temporary support to businesses whose premises have been legally required to close as a direct result of coronavirus restrictions. Under this expansion, affected businesses will receive grants towards...
Summary of the Government’s Winter Economy Plan
The Chancellor Rishi Sunak has presented his 'Winter Economy Plan' today, outlining how the Government will support jobs and the economy over the coming months. We welcome the additional measures set out to support businesses at this time. Here is a summary of the key...
Could Your Business Benefit from a Research & Development Tax Credit?
Research and development (R&D) tax credits are a valuable Government tax relief that rewards UK companies for investing in innovation. Many businesses aren't aware that they are eligible for R&D tax credits. Could this include yours? Most people imagine...
CJRS – October Update
A reminder that the amount the Government will pay of a furloughed employee's wages is set to go down in October under the ongoing Coronavirus Job Retention Scheme (CJRS). From 1st October 2020, employers will be required to fund 20% of furloughed employees’ usual...
New Local Lockdown Grant to Support Businesses Forced to Close
The Government has announced that new grants worth up to £1,500 will be available every three weeks to businesses required to close due to local lockdowns or targeted restrictions. Affected businesses in England will be able to claim up to £1,500 per property every...
New Government Fund to Take on Young People
The Government has recently announced a new £2billion 'Kickstart Scheme' to help create fully funded jobs for young people across England, Scotland and Wales. The Scheme provides funding to employers to create new 6-month job placements for individuals aged 16 - 24,...
3 Steps to a Positive Autumn 2020
September comes with a feeling of renewal, as children return to school and families regain a sense of normality. This year, of course, additional complexities remain for many as we continue to negotiate this extraordinary year. My experience of working with business...
Pay Less Tax Summer 2020 – your latest tax news and insights
The Covid-19 situation and the ongoing health, economic and general wellbeing of individuals, families and businesses alike, continue to dominate across the UK and the World. The new edition of our Pay Less Tax publication, shares the latest tax and cashflow planning...
CJRS – September Update
A reminder that the amount the Government will pay of a furloughed employee's wages is set to go down in September under the ongoing Coronavirus Job Retention Scheme (CJRS), with a further reduction scheduled for October. From 1st September 2020, employers will be...
Customer Communications – How to Stay Sticky
Our marketing specialist Dee Gerrish shares how to keep your business 'sticky' as lockdown eases. Customers. Clients. Patients. Whatever you call them, every business has them. I hope you’re happy for me to refer to them as customers for the purposes of this...
Your Mini-Budget Update
Focus on Job Retention Rishi Sunak delivered a special summer economic statement to MPs yesterday, as he seeks to get the economy back on track after the lockdown prompted by the Coronavirus pandemic. Announcing the ‘second phase’ of the Government’s plan he explained...
Employee Furlough Scheme Reminders
As a reminder, from 1st August, the Employer will need to start contributing more - the table below (from Gov.uk) explains - even if staff remain on furlough, and don't do any work: July August September October Government contribution: employer NICs and pension...
Further Guidance on the Employee Furlough Scheme
The Government has issued further guidance on the new version of the Coronavirus Job Retention Scheme “CJRS” (Furloughed Workers). Here is our summary of these updates: The first point to note is that any employee not furloughed for three weeks prior to 1st July will...
Changes to the Self-Employment Income Support Scheme
On 12th June an update was announced on changes to the Self-Employment Income Support Scheme. Here is our summary of these changes: About the scheme In line with our previous update, the Government is offering a taxable grant to those who are either self-employed or...
Extension of Self-Employed Support
Self-employed to receive second grant worth 70% of earnings The government has announced that the self-employed will receive another grant to cover June, July and August if their business has been affected by coronavirus. Are you eligible? Who can get the grant? If...
New exception to furlough cut-off date
The Chancellor announced today that parents returning to work in the coming months after family-friendly leave will still be eligible for the furlough scheme. What’s the current position? From July, the Coronavirus Job Retention Scheme (CJRS) will only be available if...
Important Update on Employee Furlough Scheme
On Friday evening, the Chancellor announced more details about the extension to the Coronavirus Job Retention Scheme (CJRS). These allow for more flexibility in furloughing employees from 1 July and explain how the Government will slowly taper its grant allowance from...
Workplace safety guidelines published
This week sees employers preparing their workplaces to operate in compliance with Covid-19 restrictions and protect employees, as they arrive back to work. The Government has issued eight guides, covering a range of workplaces, for employers, employees and the...
Employee Furlough Scheme extended to 31st October
The Employee Furlough Scheme, as it is, has been extended by another month to 31st July 2020. From 1st August until the end of October, it will be revised to cover part time work, part time furlough. Details of these revisions will be made available by 31st May and we...
Update on Support for the Self-Employed
HMRC have now started to contact those who are eligible for the self-employed support by email, text or letter. In the meantime you do not need to wait to hear from HMRC, you can check your eligibility on the HMRC website by following this link. This will mean you...
Your Work From Home Tax Relief Guide
Since the outbreak of Covid-19, homeworking has become the norm for many millions of people. Here are details of the two options to reimburse your employees and Company Directors for the extra costs they incur while they work at home. We hope it is informative and...
New ‘Bounce Back’ loans for small businesses announced
A new 'Bounce Back' small loan scheme has been announced by the Government for businesses affected by Covid-19. This is another positive news story and we can confirm that this support will go live on Monday 4th May at 9am. Here are some further points on the scheme...
The Coronavirus Job Retention Scheme claim portal is now live
The CJRS claim portal has now gone live. HMRC have issued updated guidance on how to calculate your claim, and a step-by-step guide on making a claim. There is also a calculator available on the system for you to check your calculations online before you make a claim....
Furlough eligibility date changed
HM Treasury has issued a futher Direction to HMRC clarifying several elements of the Coronavirus Job Retention Scheme (CJRS). We've included some of the most important here: PAYE employees on the payroll who were employed on 19 March 2020 can be furloughed. The...
Job Retention Scheme – further clarification & info required
The Government has provided the following further clarification points with regards to the Coronavirus Job Retention Scheme (CJRS) today. The main points you should note are: It's OK to switch employees from sick pay to furlough and vice versa You can furlough...
Your Step-by-Step Guide to Furloughing an Employee
There is a lot of information circulating about furloughing employees. Here is a clear, step-by-step guide on how to do it. We hope it is informative and useful. Keep safe and well The Clear Vision Team
Support for Businesses & Individuals – Update Tuesday 31st March
Here is a summary of the latest developments in connection with the support provided to business owners as the Coronavirus continues:. Update on Reaching the Clear Vision Team Please note that client calls to our main number 01249 712074 will now been answered by our...
Government Help for the Self-Employed
The Chancellor has now announced financial support measures for the self-employed (sole traders and partners) to combat loss of income due to the Coronavirus pandemic. Here's What We Know - Self-Employed Grant It is based on your taxable profits in the three years to...
Guidance on the Coronavirus Job Retention Scheme
We thought it would be useful to share what we know, what’s expected to happen next and of course, what we advise you do over the next couple of days. What We know It is a grant that will support wages paid through PAYE in the UK It is a maximum grant of 80% per...
New Update on Government Support during Covid-19
This is our third update, designed to provide you with continued clarity on what the latest Government announcements mean to business owners across the UK. A summary of Friday’s updates from Mr Sunak's announcement: Coronavirus Business Interruption Loan Scheme The...
Update on Government Support
More details continue to come through about the Government's support for individuals and businesses during this challenging period. Another announcement is coming from The Chancellor this afternoon and we will update you with any further developments next week....
Covid-19 Update from Clear Vision Accountancy Limited
In light of the ever-changing situation around Covid-19, we wanted to share with you what support and help there is available. Clear Vision Support We’re happy to support our clients on a case by case basis without charging. So, for example, if you are in an industry...
Electric Cars
Are you thinking of changing your company/business vehicles to electric? Electric and ultra-low emission cars (no more than 50g/km of CO2) are being promoted widely and there are generous tax advantages available to businesses for the purchase or lease of these types...
Annual Employee Social Events (ASEs) – Tax Treatments
The key points to note regarding ASEs and the tax treatment involved are: £150 per attendee can be spent by employers on ASEs as an exemption, NOT an allowance This is available to cover one or more ASEs during the year ASEs are just that—they are annual events, NOT...