Accountancy News and Advice From MCC Accountants
In the past few weeks we’ve received lots of questions about the Coronavirus Job Retention Scheme (CJRS) and furloughing. As Chancellor Rishi Sunak has now announced that the scheme will be extended until October, we thought it would be helpful…
As part of plans to support small businesses affected by the Coronavirus, the Government has unveiled a new Bounce Back Loan Scheme (BBLS), which will enable companies to access finance to mitigate the effects of the lockdown on their cashflow.…
Millions of people are understandably concerned about their financial affairs, given the uncertainty caused by the UK-wide Coronavirus lockdown. One of the key ways to mitigate this uncertainty is through sound planning and taking a proactive approach to the management…
As the Coronavirus lockdown continues, the Government has made available a range of financial support options for individuals and companies, both small and large, who have been affected by the pandemic. In this blog, we’ll cover the basics of each,…
On 11th March, the UK received its first Budget in seventeen months from the new Chancellor of the Exchequer, Rishi Sunak. In this blog post, Manchester chartered accountant, MCC, gives you a broad overview of the major tax changes due…
From April 2020 the rules for engaging individuals through personal service companies (PSCs) are changing. These individuals are described as “off payroll” and the responsibility for determining whether the off-payroll working rules apply will move to the organisation receiving an…
Almost one million people missed the 31st January self assessment tax deadline this year. If you’re one of them, you will have been fined £100 automatically. Unless you act immediately, that fine will increase over the next few months. Fines…
If you are starting a new business, or planning to expand an existing company, you need to be aware of the legislation surrounding the national minimum wage. Employing staff is always a complex process, but more issues will arise than…
Inheritance tax is arguably one of the most disliked taxes in the UK. Though it raises far less income for the Government than VAT or income tax, it causes much ire because it is seen as another tax on earnings…
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