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Prepare for the end of the Brexit transition period

The UK has left the EU, and the Brexit transition period ends on 31 December 2020. This means UK businesses will need to make immediate preparations for the changes coming into effect on 1 January 2021. The main changes affecting…

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Tax rules for ‘side hustles’

side hustle tax rules

During the first lockdown, many people set up a side business, often called a ‘side hustle’, to supplement their income after seeing their main income streams dry up. This was largely due to fears over job security and some people…

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Update to our Update: Coronavirus Government Business Support

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On 5th November 2020, Chancellor Rishi Sunak announced changes to the government support packages for businesses that were previously extended on 12th October 2020. This means that businesses will receive additional support from the government to help them through the…

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The Extension of COVID-19 Government Business Support

small business accountants manchester

To support businesses through the pandemic during the winter months, a number of government programmes have recently been extended or replaced by a new scheme. To help you wrap your head around the details, we have drawn up an overview…

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Key Points to Take Away from the Summer Economic Update

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Chancellor Rishi Sunak has delivered the Government’s Summer Statement, a plan which has been produced to support the economy as it recovers from the impact of COVID-19. The focus of the intended measures will be a “Plan for Jobs”, encompassing…

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Payroll Services from MCC

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Business owners who attempt to complete all the work associated with managing a company’s payroll on their own often find that it is a time consuming activity. This time and energy would be better focussed on other areas of the…

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