Navigation

Accountancy for growth

tel: Huddersfield: 01484 685413 Leeds: 0113 357 0380
email: flourish@balanceonline.co.uk

makeitbalance

Part Time Receptionist/ Administrator Vacancy

The newly appointed administrator will perform a varied role supporting the growth plans of local accountancy firm Balance Accountants. Your roles and responsibilities Personal assistant to the office manager and director – diary management, arrange and schedule meetings, prepare and organise material and post Ensure smooth running of the general office, including daily responsibilities (e.g. […]

Posted on: April 23rd, 2021 by Leticia | | Categories: Uncategorised

Plant and Machinery Tax Super Deduction

In Rishi Sunak’s Budget Statement on 3 March, he put in place some fiscal tax measures that he hopes will encourage investment and kick-start the economy in readiness for the post-pandemic, post-Brexit era. What is the super deduction? The much-vaunted super deduction allows companies to claim a 130% first year allowance (FYA) for investment incurred on […]

Posted on: March 19th, 2021 by Leticia | | Categories: Uncategorised

VAT deferral-time to take action-don’t delay

If you deferred VAT payments due between 20‌‌ ‌March and 30‌‌ ‌June 2020 and still have payments to make, you should pay by 31‌‌ ‌March 2021 if you can. If you cannot afford to pay by 31‌‌ ‌March this year, you can now use the online VAT deferral new payment scheme to spread your payment. […]

Posted on: March 11th, 2021 by Leticia | | Categories: Uncategorised

VAT changes for small businesses coming in April

Under UK VAT rules, businesses with a VATable turnover above the VAT threshold (currently £85,000) are required to register with HMRC for VAT. Businesses below this threshold are not required to register with HMRC for VAT. But many choose to do so as this lets them reclaim the VAT paid on most purchases. These are […]

Posted on: March 5th, 2021 by Leticia | | Categories: Uncategorised

Budget Impact Statement 2021

The Chancellor, Rishi Sunak, presented his 2021 Budget on 3 March 2021. The extent to which the measures will affect you will depend on your personal circumstances. This report is split for your convenience into three sections: Impact on individuals Impact on the self-employed Impact on small company owners Click here to download and read the […]

Posted on: March 4th, 2021 by Leticia | | Categories: Uncategorised

Deferred VAT

If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: pay the deferred VAT in full on or before 31 March 2021 opt in to the VAT deferral new payment scheme when it launches in 2021 contact HMRC if you need more help to pay Pay […]

Posted on: January 14th, 2021 by Leticia | | Categories: Uncategorised

VAT Reverse Charge for the Construction Industry

From 1 March 2021 new VAT rules come into force in the construction industry. These rules were originally intended to come in on 1 October 2020 and 1 October 2019 but were delayed by HMRC. The rules, as always, are quite complex but we set out an overview below which should hopefully provide you with […]

Posted on: January 7th, 2021 by Leticia | | Categories: Uncategorised

Latest COVID-19 Government Support

Chancellor announces one-off top up grants for retail, hospitality and leisure businesses worth up to £9,000 per property to help businesses through to the Spring £594 million discretionary fund also made available to support other impacted businesses comes in addition to £1.1 billion further discretionary grant funding for Local Authorities, Local Restriction Support Grants worth […]

Posted on: January 5th, 2021 by Leticia | | Categories: Uncategorised

Have you set up your HMRC personal tax account?

Did you know that HMRC launched the personal tax account (PTA) back in 2015 for all UK workers? This service allows you to check your tax affairs online whenever you want without needing to phone or write to HMRC. The main big benefit, though, is that everything regarding your tax affairs will be online in […]

Posted on: December 23rd, 2020 by Leticia | | Categories: Uncategorised

New SEISS grants come with tougher conditions

The SEISS claims portal reopens on Monday 30 November, but taxpayers must declare their trade has been impacted by reduced demand before they claim the third grant. When claiming the first two self-employed income support (SEISS) grants taxpayers had to confirm that their trade had been adversely affected by the coronavirus pandemic, which was a difficult concept […]

Posted on: November 30th, 2020 by Leticia | | Categories: Uncategorised

We can help you Pay Less Tax!

This has been one heck of a calendar year so far for businesses, communities and families and it is, sadly, an ongoing fluid situation. Take a look at our PayLessTax Newsletter, it’s our gift to you. At Balance Accountants we are always in search of ways to support and inform our clients and our wider community. […]

Posted on: November 20th, 2020 by Leticia | | Categories: Uncategorised

Lockdown Financial Support for Jobs and Businesses

Throughout this crisis, the governments priority has been clear: to protect lives and livelihoods. The Prime Minister has announced new national restrictions that will prevent further spread of the virus. We know how worried people are – about their health, the health of their loved ones, their jobs, their businesses, and their financial security. And […]

Posted on: November 5th, 2020 by Leticia | | Categories: Uncategorised

Government Offer More Financial Help for the Self-employed

The self-employed will be able to claim state aid of up to 80% of profits during the month-long lockdown, Chancellor Rishi Sunak has announced. government increases support under the third instalment of the UK-wide Self-Employment Income Support Scheme, with people receiving 80% of average trading profits for November grants will also be paid faster than […]

Posted on: November 3rd, 2020 by Leticia | | Categories: Uncategorised

Furlough Scheme Extended Due to National Lockdown

The coronavirus job support scheme (CJRS) will continue until 1 December 2020 with grants covering 80% of wages, while implementation of the JSS has been delayed. Friday night had seen the release of further JSS details, but by Saturday evening that scheme was put on the back burner, with a full extension of the existing […]

Posted on: November 2nd, 2020 by Leticia | | Categories: Uncategorised

Update: Financial Support Increased for Businesses and Workers

In recognition of the challenging times ahead, the Chancellor said he would be increasing support through the existing Job Support and self-employed schemes, and expanding business grants to support companies in high-alert level areas. This builds on agreements reached with Local Authorities moving to Alert Level very high, with extra support for businesses, jobs and […]

Posted on: October 22nd, 2020 by Leticia | | Categories: Uncategorised

Update on The Latest Business Support Schemes

Expansion of Job Support Scheme The government announced on the 9th October an expansion of the JSS, to provide temporary support to businesses whose premises have been legally required to close as a direct result of coronavirus restrictions. Under this expansion, affected businesses will receive grants towards the wages of employees who have been instructed […]

Posted on: October 13th, 2020 by Leticia | | Categories: Uncategorised

Update: Government to pay two thirds of wages to shut businesses

Chancellor Rishi Sunak says the Government’s Jobs Support Scheme will be extended to support businesses forced to close by any new coronavirus restrictions or lockdowns. Mr Sunak this afternoon, Friday October 9, said that any firms whose premises are “legally required to shut” due to local or national restrictions will get grants worth up to […]

Posted on: October 9th, 2020 by Leticia | | Categories: Uncategorised

Airbnb Lettings Income Under Attack From HMRC

It has become apparent that Airbnb are now disclosing details of landlords property income from Airbnb lettings to HMRC. Enquiries This data allows HMRC to begin enquiries into the tax affairs of landlord’s who have not declared their property income for 2017/18 and 2018/19. The deadline for opening an enquiry into a self-assessment return for […]

Posted on: October 8th, 2020 by Leticia | | Categories: Uncategorised

Job Support Scheme (JSS) Update

The JSS is aimed to replace the coronavirus job retention scheme (CJRS) for furloughed workers, which comes to an end on 31 October 2020. The JSS will only apply to salaries or wages paid in the period from 1 November 2020 to 30 April 2021, unless it is extended. Employees who are eligible Any employee […]

Posted on: October 2nd, 2020 by Leticia | | Categories: Uncategorised

Furlough Scheme to be replaced by Job Support Scheme

The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce. The scheme will open on 1 November 2020 and run for 6 months. The company will continue to pay its employee for […]

Posted on: September 25th, 2020 by Leticia | | Categories: Uncategorised

Dealing with Cash Flow Problems

In these difficult trading times, we are finding that more and more clients are turning to us for help with planning, forecasting, cashflow and general business advice. One of the main areas of business difficulty at the moment is cashflow and this seems set to increase in the coming months as the government furlough system […]

Posted on: September 16th, 2020 by Leticia | | Categories: Uncategorised

Beware the second residential property UK anomaly

Depending upon which part of the UK the property is situated you will pay either Stamp Duty Land Tax (SDLT) in England and Northern Ireland (NI), Land and Buildings Transaction Tax (LBTT) in Scotland or Land Transaction Tax (LTT) in Wales upon purchase. On top of that, if you are acquiring a residential property for […]

Posted on: September 4th, 2020 by Leticia | | Categories: Uncategorised

Want to know how to pay less tax?

The Covid-19 situation and the ongoing health, economic and general well-being for individuals, families and businesses alike, continue to dominate both the UK and the World scene, and is likely to continue to do so for some time to come. Please take a look at our PayLessTax newsletter, as this Summer edition strives to tackle, […]

Posted on: August 27th, 2020 by Leticia | | Categories: Uncategorised

Job Vacancy: Part Time Payroll Assistant

Busy payroll bureau in Holmfirth requires a payroll assistant to work 2 days per week processing client payrolls. Balance Payroll & Bookkeeping Services provide a range of business service to clients across the country and the payroll bureau service continues to grow. In order to service this growth we require an assistant to work 2 […]

Posted on: August 25th, 2020 by Leticia | | Categories: Uncategorised

Second Round of the Self Employment Grant (SEISS)

Has your self-assessment business been adversely affected by coronavirus on or after 14 July 2020 in any of the following ways? Business accounts showing a reduction in turnover Confirmation of any coronavirus-related business loans you have received Your business had to close due to lockdown restrictions You or your staff were unable to work due […]

Posted on: August 13th, 2020 by Leticia | | Categories: Uncategorised