by MAS | Mar 17, 2020 | Business advice, MAS Blog, Tax, VAT
EMPLOYERS Statutory Sick Pay (SSP) will now be available for eligible individuals diagnosed with COVID-19 or those who are unable to work because they are self-isolating in line with Government advice. SSP will be payable from day 1 instead of day 4 for affected...
by MAS | Mar 16, 2020 | Business advice, Financial news, HMRC
On 1 April 2020, the National Minimum Wage and National Living Wage rates for all age bands and for apprentices will increase. The hourly rate for the minimum wage depends on your age and whether you’re an apprentice. You must be at least: school leaving age to get...
by MAS | Mar 13, 2020 | Budget, Business advice, Financial news, HMRC
The Chancellor set out a plan to support public services, individuals and businesses that may be affected by COVID-19. For businesses with fewer than 250 employees, the cost of providing 2 weeks of COVID-19 related statutory sick pay per employee will be refunded by...
by MAS | Mar 6, 2020 | Business advice
Your business year-end, not 5 April, is relevant for capital allowances purposes. If however you are running a business and making up accounts to 31 March or 5 April you should consider buying plant and machinery to take advantage of the £1 million Annual Investment...
by MAS | Mar 3, 2020 | Business advice
Your maximum annual investment in ISAs for 2019/20 is £20,000. Your investment needs to be made before 6 April 2020. In addition, have you thought about investing for your children or grandchildren by setting up a Junior ISA? In the 2019/20 tax year, you can invest...
