Budget 2021 - Help To ReGroup & Grow

Today we've had a whistle-stop tour of initiatives which the government hopes will encourage growth. From saving existing skills with furlough and SEISS scheme extensions, a new super tax deduction on equipment, through to funding high quality training schemes (if you have at least 5 employees). 

Here are the main headlines of interest to small and growing businesses...

 

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Coronavirus Dates To Remember – Just like yesterday’s Valentine date, make sure you don’t miss them!

As we approach Budget day on 3 March, it’ll be nearly a year since the Chancellor’s first Budget which included his initial Coronavirus measures. These escalated pretty quickly into quite a package of measures, which no-one could have predicted. 

Here’s our round-up to check through what might still be available for you. In particular, you may find it helpful to focus on Bounce Back Loans and Local Authority Grants.

 

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Coronavirus - Limited Companies - What Are Your Choices?


Now we've probably heard all the major Coronavirus announcements from the Chancellor, what choices do Director-Shareholder Limited Companies have to help them through this crisis? We provide a checklist below with signposting to the relevant part of gov.uk.

Time To Pay

Applicable to all companies and all taxes, you can call HMRC and agree a scheduled delay to paying your taxes. Have a realistic proposal that you can stick to. Signpost: https://www.gov.uk/government/news/tax-helpline-to-support-businesses-affected-by-coronavirus-covid-19

Time To File

Companies house will allow you to send in your accounts 3 months later than normal, a increase from the usual 9 months to 12 months, as long as you ask before the 9 month deadline.

 

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Registered

On The Spot Tax Limited

Trading as On The Spot
Registered in England & Wales under company number 06566196
VAT number 937 5293 90