You currently have JavaScript disabled. This site requires JavaScript to be enabled. Some functions of the site may not be usable or the site may not look correct until you enable JavaScript. You can enable JavaScript by following this tutorial. Once JavaScript is enabled, this message will be removed.

Why choose HGH?

Blog

Government Announces New Lockdown Support Measures

Posted: 13th Oct 2020 by Clair Watmore Business Advice General, Coronavirus, Furlough

The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result of tougher Coronavirus restrictions. The announcement was made ahead of new plans to introduce a tier-based system for lockdowns across the country, which could force some businesses… Read more

SME and Kick-starting tourism grant funding closes 5 October

Posted: 1st Oct 2020 by Clair Watmore Business Advice General, Corporate Finance

North and West Yorkshire Stage 1 applications for the SME and Kick-starting tourism grant funding close at 10am on Monday 5 October. The government has announced new SME and Kick-starting tourism grant funding to help small and medium-sized businesses (SMEs) gain access to professional support, new equipment and technology. The grant can cover digital, legal,… Read more

Government Winter Economy Plan

Posted: 28th Sep 2020 by Clair Watmore Business Advice General, Coronavirus, Corporate Finance, self employed, Taxation

On Thursday 24 September the Chancellor delivered his “Winter Economy Plan”, in lieu of the Autumn Budget which has been cancelled. This is not surprising, given that it is difficult for anyone, individuals, businesses, or countries to budget at the moment. His plan was very much business focused, and the main announcements are detailed below: Job… Read more

30-day reporting of CGT on disposals of UK residential property

Posted: 24th Sep 2020 by Clair Watmore Landlords, Property, Taxation

Reporting and payment of capital gains tax (CGT) on the sale or disposal of residential property were introduced by HMRC on 6 April 2020.  The CGT changes were previously reported in our blog earlier in the year. We have set out below the main points to note on 30-day reporting as a reminder. CGT reporting and… Read more

HMRC publishes Job Retention Bonus guidance

Posted: 11th Sep 2020 by Clair Watmore Business Advice General, Coronavirus, Furlough

The Government has published further detail of the Job Retention Bonus which will be payable to employers who employ furloughed employees until at least 31 January 2021.  Further guidance is due to be published in September.  In this briefing, we outline the key information for employers considering making claims. What is the Job Retention Bonus (JRB)?… Read more

Making Tax Digital – Further measures on the way

Posted: 1st Sep 2020 by Clair Watmore Making Tax Digital, Taxation

The government has recently announced Making Tax Digital legislation will extend MTD to low turnover businesses and eventually to the realm of income tax. Presently, only businesses with an annual turnover in excess of £85,000 must file returns using approved software and keep a digital record of transactions. However, from April 2022, all VAT registered… Read more

Good Debt vs Bad debt

Posted: 26th Aug 2020 by Clair Watmore Business Advice General, cashflow, Coronavirus, Corporate Finance

The British Business Bank has announced that the Coronavirus Business Interruption Loan Scheme (CBILS) will be extended by two months to 30th November 2020 for lenders. So far, applications still have to be submitted to lenders by businesses by 30th September, although there are many campaigning for this to be extended. How does it work? This… Read more

New £20m professional services grant includes accountancy advice

Posted: 26th Aug 2020 by Clair Watmore Business Advice General, Coronavirus, Corporate Finance

Small businesses in England can now benefit from a new tranche of government grants designed to help them recover from the impact of coronavirus through professional advice – including guidance from accountants. The scheme, which opened on 19 August, dispenses grants of between £1,000 – £5,000 to small and medium-sized businesses from an overall fund… Read more

Eat out to help out

Posted: 21st Aug 2020 by Clair Watmore Business Advice General, Coronavirus

In an attempt to kick start the hospitality industry, earlier this month the government introduced the Eat Out to Help Out Scheme. The scheme will run until the 31st August and will provide diners with a 50% discount on food purchases up to a maximum of £10 per diner. The Eat Out to Help Out… Read more

Temporary reduced rate of VAT for hospitality and tourism

Posted: 21st Aug 2020 by Clair Watmore Business Advice General, Coronavirus, Taxation

The Chancellor’s Summer Statement on 8 July was a bit of good news for some of the sectors that have been hardest hit by COVID-19.  Rishi Sunak announced that from 15 July 2020 until 12 January 2021 certain supplies of hospitality, accommodation and admission to attractions will be subject to VAT at 5% rather than… Read more