Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Guest Article: Do you need to make redundancies in response to COVID-19?
Many businesses have had to change core operations due to coronavirus (COVID-19).
Furlough Frequently Asked Questions
Everything SMEs need to know about Furlough with our Frequently Asked Questions... The government has announced a number of changes to the Coronavirus Job Retention Scheme – more commonly referred to as ‘furlough’. These changes start to take effect from 1 July. As...
Coronavirus Job Retention Scheme (CJRS) – Details of the new Flexible Furlough Scheme
Following Lisa’s recent update of 2 June (See: Coronavirus Job Retention Scheme (CJRS) – Changes around the corner), the full details were released late on 12 June and I am now able to provide additional information to cover the “Devil is in the Detail” (DITD) as Lisa...
Comment: Launch of Bounce Back Loans and concern about how struggling firms are ever going to repay them
I read an article in the Sunday Times about the launch of bounce back loans and concern about how struggling firms are ever going to repay them. I did consider that a drowning man will not spurn a place in a lifeboat. There would be no guarantee that he will reach the...
Loan Charge Reporting and Payments
HMRC are issuing reminders to those individuals with outstanding Disguised Remuneration Loans. Where they have a Loan Charge they have to report by 30 September. Many taxpayers will have settled with HMRC in the intervening years and may have repaid the loans and...
Hindsight in a Business Valuation
I recently came across a Business Valuation case where the accountant had provided a pretty solid calculation, in my view. The instructing solicitor for the other side queried why the valuer had seemingly ignored the projections prepared by the company in producing...
Exceptional Circumstances for Stamp Duty Land Tax
Currently where you purchase a new home prior to selling your existing home, you are required to pay the higher rate of Stamp Duty Land Tax on the new purchase. However on sale of the old property, you are, subject to the following rules, eligible to claim a refund...
QuickBooks Tips and Shortcuts – Making life simpler for you
Introduction to QuickBooks: QuickBooks is an accounting software package developed and marketed by Intuit which can be used to manage income and expenses and keep track of the financial health of your business. You can use it to invoice customers, pay bills, generate...
Coronavirus Job Retention Scheme (CJRS) – Changes around the corner
Within the Lambert Chapman Payroll Department to date, we have seen around 220 Employers use the Coronavirus Job Retention Scheme (CJRS) to furlough their employees. This has resulted in around 850 employees being furloughed since March and claims have been submitted...
Coronavirus Statutory Sick Pay (CSSP) Scheme
As part of the Government Support package for Employers, it was agreed back in March that they would be able to reclaim 2 weeks Statutory Sick Pay (SSP) for employees specifically affected by Covid19. Ordinarily, Employers have not been able to reclaim SSP paid out in...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.
