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Why choose HGH?

Coronavirus

Working from home tax relief – claims required

Posted: 14th May 2021 by Clair Watmore Blog

Employees working from home due to the coronavirus pandemic can continue to claim tax relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. How does it work? Normally, employers can pay a tax-free allowance of up to £6 per… Read more

SEISS pre-verification checks – important info for first-time claimants

Posted: 18th Mar 2021 by Robert Salenius Blog

Up until 3 March 2021 individuals who became self-employed in 2019/20 were not eligible for the First, Second or Third Self-Employed Income Support Scheme grants. However, in the 2021 budget announced on 3 March 2021, individuals who became self-employed in 2019/20 will be eligible for the fourth grant and fifth grant. Why SEISS pre-verification checks are… Read more

Budget 2021

Posted: 4th Mar 2021 by Clair Watmore Blog

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people’. With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021… Read more

CJRS Claims

Posted: 26th Feb 2021 by Clair Watmore Blog

You can now make February CJRS claims. These must be made by Monday 15 March. You can claim before, during or after you process your payroll. If you can, it’s best to make a claim once you’re sure of the exact number of hours your employees will work so you don’t have to amend your… Read more

Self Assessment late payment penalties waived until 1 April

Posted: 23rd Feb 2021 by Clair Watmore Blog

Self assessment taxpayers have an additional four weeks to pay tax or set up a payment plan without being charged a 5% late payment penalty, HMRC has confirmed. In light of the impact of the coronavirus pandemic, HMRC has extended the late payment penalty deadline for self assessment (SA) taxpayers until 1 April. Normally a… Read more

The VAT Deferral New Payment Scheme

Posted: 23rd Feb 2021 by Clair Watmore Blog

Any business that deferred VAT payments due between 20 March and 30 June 2020 as a result of the Coronavirus pandemic, must now consider how they will repay this outstanding tax. They can choose from the following options in order to do this: Pay the deferred VAT in full by 31 March 2021; Join the… Read more

Finance Focus: Yorkshire Webcast- February 2021

Posted: 2nd Feb 2021 by Clair Watmore HGH's News

We recently joined forces with Mole Valley Asset Management to provide a community-focused investment and business advice package to local businesses and individuals. If you would like to find out more, read this article. As part of this partnership, we will be bringing you a series of webcasts, which will showcase fantastic Yorkshire businesses. This… Read more

Covid 19 – our offices will close from Wednesday 6th January 2021

Posted: 5th Jan 2021 by Clair Watmore HGH's News

With a second lockdown announced last night, we know our clients depend on us for ongoing accountancy, payroll, taxation, bookkeeping and wealth management services. We would like to reassure you, as always, that we are here to support you and continue to provide our services through this very challenging time. Our offices will be closing… Read more

Extension to Coronavirus Job Retention Scheme and Covid-19 business loan schemes

Posted: 18th Dec 2020 by Clair Watmore Blog

It was announced yesterday that the Coronavirus Job Retention Scheme (CJRS) and Covid-19 business loan schemes would be extended. Coronavirus Job Retention Scheme (CJRS) Businesses adversely affected by the coronavirus (COVID-19) can now make use of the CJRS until the 30 April 2021, with the government continuing to pay 80% of employees’ salaries (capped at… Read more

Time to Pay and VAT Deferral

Posted: 11th Dec 2020 by Clair Watmore Blog

Income Tax As part of the government’s support package for Covid-19 pandemic, Self Assessment payments on account that were due 31 July 2020 could be deferred to January 2021. In the Winter Economy Plan it was announced that taxpayers with up to £30,000 of Self-Assessment liabilities due on 31 January 2021 could make payment in… Read more