In this article we will explain how HMRC apply a default surcharge, how it works and how to avoid them. What is a default surcharge? What happens if I default? How is a surcharge calculated? Is there a minimum surcharge? Special arrangements for small businesses What...
This week at NR Barton we have received some fantastic news regarding two of our members of staff, Georgia Winters and Jack Dawber-Axon. Both Georgia and Jack have joined NR Barton within the last 12 months and were both at different stages of their ACCA...
The Self-Employment Income Support Scheme (SEISS) provided financial support for self-employed individuals who experienced a reduction in profits due to the coronavirus pandemic. However, the scheme was subject to a lot of dishonesty; people were claiming SEISS...
As national restrictions due to coronavirus have been lifted, from 01 August 2021, the CJRS will become less generous, and employers will be asked to contribute more towards the cost of furloughed employees’ wages. To be eligible, you must continue to pay your...
“Basis Periods” are a set of tax rules that govern the timing of when income is assessed. Self-employed individuals and partnerships with trading income use basis periods to allocate trading profits and losses to specific tax years. Basis periods are straightforward...
Throughout the pandemic, the NHS track and trace app has been a fantastic tool to tell people, who have potentially been in contact with coronavirus, that they need to isolate. However, as cases begin to rise due to the easing of social distancing restrictions, more...
