A&E Accountants

06/09/2021

Entertainment does not just work for business purposes but the correct choice of entertainment can help in increasing and expanding your business. There are HMRC guidelines of what comes under the definition of entertainment.

- If you have provided free food and drink to the customers or employees
- The provision of free accommodation to the recipient
- If you buy tickets to a cultural event for your overseas customers
- Free entry to theatre and concert tickets
- Free entry to clubs and other such facilities
- If you buy tickets for your customers for a sporting event.
- Any costs incurred while hiring third-party organisers to organise the corporate event.
- Free Vouchers, samples, and business gifts

Entertainment provided just for the sake of entertainment may not be considered, but if the entertainment provided was for the sole purpose of business then HMRC may consider the costs as allowable.

You might not even know if you've been providing entertainment to your customers and could have claimed tax reliefs in return.

If you're unsure of what can be considered as business entertainment, give us a call ☎️

12/03/2021

We are receiving more and more worried calls and text from our clients recently after they have had calls and even letters from scammers claiming they are from HMRC. The calls are advising that you are under a fraud investigation and if you do not press 1 then you will be arrested. We are suggesting that you do not press 1 under any circumstances. If you do or have received one of these calls (or a similar letter) and are concerned please hang up, find the correct telephone number for the HMRC service you use on gov.uk, and call HMRC yourself. Do not call back the number that the initial call was made from (or the number on any letter without looking up the number on gov.uk). Alternatively contact your accountant and they should be able to look into this for you.

12/08/2020

SELF EMPLOYED INCOME SUPPORT SCHEME
People will be able to claim the second and final Self Employed Income Support Scheme from Monday 17th August 2020. To be eligible for this second grant you and your business must have been affected by COVID-19 on or after 14th July 2020. This works the same way as the first grant but instead of receiving the 80% as previous, this grant will be for 70% of your average 3 months profit.

17/06/2020

REFER A FRIEND LOYALTY SCHEME

At A&E Accountants we appreciate our loyal clients. To show our appreciation we are introducing a referral rewards scheme. All you need to do is ensure that any person or business you refer to us provides your details and we will automatically deduct £20 per referral from your next invoice!

17/06/2020

SELF EMPLOYED INCOME SUPPORT SCHEME

The technical guidance for the second Self Employed Income Support Scheme grant which is due in August has been released. To be eligible for this second grant however, you have to declare that your business was impacted by COVID-19 after mid-July. More information coming on this soon.

15/06/2020

FLEXIBLE FURLOUGH - EMPLOYERS

Flexible furlough begins on 1st July. You decide the hours and shift patterns your employees work to suit the needs of your business. You'll pay their wages for the time they are in work and can apply for the job retention scheme grant to cover any of their usual hours they are still furloughed for. You can still keep employees on full furlough if you need to.

When the scheme closes on 31st October, you must decide, depending on your circumstances, as to whether the employees can return to their normal hours. If not, it may be necessary to consider reducing their hours, or a termination of employment (redundancy) Normal redundancy rules apply to furloughed employees.

01/06/2020

SELF EMPLOYED INCOME SUPPORT SCHEME UPDATE

There are plans to extend the SEISS for those people whose trade continues to be, or is newly affected by COVID-19. Eligible Self-Employed people will be able to claim a second and final SEISS grant in August. This will be a taxable grant worth 70% of an average monthly trading profit for 3 months, paid in a single pay out and capped at £6,570.

If you are yet to apply for the first grant the deadline for doing so is 13th July.

Again this grant is to be applied for by yourself but I am more than happy to help with any questions relating to this.

01/06/2020

CORONAVIRUS JOB RETENTION SCHEME UPDATE

3 changes have recently been made to this scheme.

1, From 1st July 2020 the scheme is to become more flexible to enable employers to bring back furloughed employees part time and still receive a grant for the time they are not working.

2. From 1st August 2020 employers will have to start contributing to wage costs of paying furloughed staff. The contribution rate will gradually increase in September and October.

3. The scheme will close to new entrants from 30th June 2020.

For any of our clients who would like to know the details for the recent changes to the scheme, please email me and I will forward this information over to you.

12/05/2020

If you tried the Self Employed Income Support Scheme eligibility checker and found that you were not eligible you need to retry! Not all information was uploaded by HMRC so do try again. Double check your UTR number and National Insurance number is correct. Some self employed can claim as from tomorrow.

04/05/2020

SELF EMPLOYED INCOME SUPPORT SCHEME

HMRC will this week start to contact people who are eligible for the Self Employed Income Support Scheme. Please have a look at the link below to see if you are eligible, how you will make a claim and how HMRC calculate the grants. For existing clients please let me know if you need my help with anything.

If you would like to know more about our services and any help available please send me a message and I will be more than happy to help.

We are aware of an increase in scam emails, calls and texts. Eligible customers will be invited to claim through GOV.UK – it is the only service you can use. If someone gets in touch with you claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or bank details, you should not respond. It is a scam.

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.

29/04/2020

SCAMS

Please be vigilant guys. Scammers are now calling stating your National Insurance number has been compromised. If you are ever unsure if you are being scammed please contact me if you are a client. HMRC will NEVER ask for bank details over text or email so don’t respond.