Latest News
The latest news from Hawsons Chartered Accountants in Sheffield, Doncaster, and NorthamptonLatest News
Additional COVID Support Announced for Businesses
Two new COVID support schemes have now been made available to businesses Restart and Recovery Fund Supply Chain Grants Restart and Recovery Fund From Wednesday 2nd December businesses will be able to apply for the Restart and Recovery Fund. This £1.1m...
The Impact of a Second National Lockdown on Charities
Due to the combination of increasing demand and the decreasing income it is estimated that a funding gap of around £10bn has been created across the charity sector over the past six months. Recent research conducted before the second lockdown was announced showed that...
The Construction Sector Bounces Back?
Homebuilding is increasing There has been an increase in home building in October with construction firms starting new projects. This could be due to the Government’s cut in Stamp Duty Land Tax (SDLT). This cut is saving home buyers thousands of pounds which is...
Enhanced Payment Plans for Self-Assessment Taxpayers
Self-assessment taxpayers are now able to benefit from enhanced payment plans and can apply online for additional support to help spread their tax bill into monthly payments. The online payment plan service was already able to set up installment arrangements for...
R&D cap announced
The government has announced a cap on the amount of payable tax credit that a company can claim for Research and Development (R&D). The cap will be £20,000 per period plus 300% of the PAYE and NIC payable for the period. This will take effect for periods starting...
Indicators Suggest Smaller Charities are Struggling
Recent polls and fundraising data have indicated that donations to NHS charities have risen dramatically since March. Whilst this is perhaps not surprising other charity sectors have seen a decline in donations, this includes homeless and animal shelters as well as...
Government extends £1 million tax break
HM Treasury has announced that the Annual Investment Allowance (AIA) will remain at £1 million until 1 January 2022. The AIA allows businesses to claim same-year tax relief for capital investments in plant and machinery assets and was due to revert to £200,000 on 1...
Self-Employment Income Support Scheme (SEISS) extended
The Chancellor has today announced increased support available for the Self-Employed under the Self-Employment Income Support Scheme (SEISS). There are two further grants available under this scheme, covering the periods November 2020 to January 2021 and February...
Chancellor announces further financial help for businesses, employees, and the self-employed
Furlough Scheme extended until March 2021 The Chancellor Rishi Sunak has recently announced that the furlough scheme will be extended until the end of March 2021. This comes just a few days after the government announced the scheme would be extended until 2 December...