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Self-employed Grant Support Factsheet

GRANTS UNDER THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS) On 26 March 2020 the Chancellor announced a new grant scheme available to the self-employed and members of partnerships and have lost income due to coronavirus. This factsheet is based on the limited details announced by HMRC as at 30 March 2020. Broadly the new scheme will…Read More

Cardens Accountants Covid19 client handout

Cardens Accountants Covid19 client handout from Cardens Accountants We are all feeling the impacts of Covid-19 in both our businesses and in our daily lives. Over the past week the government have been reacting to Covid-19 by introducing several reliefs and support for your businesses to help negate this extremely challenging and unprecedented time in…Read More

Deferral of VAT payments due to COVID-19

A lot of our clients have been asking about the VAT deferral scheme. The following guide sets out what the scheme is and our standard advice to others. Deferral of VAT scheme explained The government has approved temporary changes to the VAT payments due between 20 March 2020 and 30 June 2020 to help businesses…Read More

Applying for COVID-19 grant funding schemes: SMEs, retail, hospitality, leisure

We obtained this COVID-19 information from Adur and Worthing Council, on behalf of the Department for Business, Energy and Industrial Strategy. In response to the Coronavirus, Covid – 19, the Government announced there would be support for small businesses, and businesses in the retail, hospitality and leisure sectors. This support will take the form of…Read More

Guide to providing statutory sick pay (SSP) & reclaiming tax

The following guide outlines the latest Government advice on paying employees statutory sick pay if they are self-isolating due to the coronavirus (COVID-19). Who is entitled to receive SSP? Employees who are self-isolated are eligible for statutory sick pay (SSP) if they meet at least one of the following criteria: They have coronavirus They have…Read More

Managing Coronavirus: a message from Cardens

Just a brief note from us to reassure our clients and contacts on the measures we are taking in the current exceptional circumstances  Keeping you informed The government is making a number of recommendations and pledges to business on an almost daily basis and we are doing our utmost to interpret these on behalf of…Read More

Private sector IR35 reform delayed until April 2021

Contractors and companies welcomed the announcement on 17 March that private sector IR35 reform will be delayed until 6 April, 2021. The news came after pressure by peers and amidst deep uncertainty for workers and businesses due to COVID-19. IR35 delay announcement Steve Barclay, the chief secretary to the Treasury said: “I can also announce…Read More

Directors Salary from April 2020

From 6 April 2020, we recommend directors take a monthly salary of £732.33. This salary ensures you receive a “qualifying year” of National Insurance Contributions towards your State Pension but without the need to pay any contributions. This salary is also below your Personal Allowance of £12,500 for tax purposes, which is not expected to…Read More

Bold & Boozy Budget 2020 for Business

Budgets delivered by Philip Hammond were criticised by some for being too timid in their approach toward investment but that cannot be said about Rishi Sunak’s Budget 2020, which set out the direction of travel for this new government during the backdrop of COVID-19. New pledges were heaped on thick and fast, with the phrase…Read More

HubDoc – Your own personal helper for FREE

Do you use Xero for your bookkeeping? If you do, your bookkeeping just got easier and paperless thanks to HubDoc. So, what is HubDoc? It’s an online filing cabinet for your purchase invoices and receipts It can also hunt for new your purchase invoices and statements online Finally, it will take these documents and turn…Read More

Approaching the next pensions auto-enrolment cycle

The next auto-enrolment cycle is approaching and we’re here to help. Automatic Enrolment has now completed all planned stages, so all companies are now included in the legislation. As an employer, it’s your responsibility to ensure you remain compliant. Whether you’re tackling auto-enrolment for the first time or concerned that you’re still meeting all your…Read More

Creative Industry Tax Reliefs Support Oscars Winner

‘Parasite’ may have been the highlight of the 2020 Oscars, but tax relief in the creative industries has become a talking point here in the UK. HMRC was quick to announce that one of the night’s biggest winners, Sam Mendes’ war epic ‘1917’, was supported in part with creative tax reliefs. Thousands more have benefitted…Read More

Valentine’s Tax Benefits for Couples in 2020

As couples around the UK prepare for Valentine’s Day, the ICAEW highlights that, although it may not be the most romantic reason, getting married or entering a civil partnership has plenty of tax benefits… Tax Benefits for Couples Wedding Gifts Wedding presents from the friends and family to the couple can be tax effective! Parents…Read More

Cardens Sponsors ‘Best Local’ at the 2020 BRAVO Awards

Cardens is pleased to sponsor ‘Best Local’ at the 2020 BRAVO Awards: the only food and drinks awards in the city voted for entirely by the public. The brand new ‘Best Local’ award category has 135 pubs to choose from. Show your appreciation for your favourite local pubs by voting for them here. If you…Read More

Brexit: Mixed messages for VAT MOSS users

HMRC guidance on gov.uk indicates that Brexit will immediately affect UK businesses using VAT MOSS from 1 February, in spite of the transitional period which runs until 31 December. However, HMRC press office confirmed on 29 January that this page is out of date. The European Union (Withdrawal Agreement) Act was passed on 23 January 2020,…Read More

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