With breathtaking natural beauty and an abundance of coastal walks and activities on the doorstep, Cornwall is a popular destination for holiday makers. It is also popular with those looking to take up permanent residence in this beautiful county. Consequently, Cornwall offers a wide range of holiday homes and self-catering accommodation. There is an increasing…
Grooms – are they employed or self employed? Unfortunately, this is not a simple question to answer as employment status in the UK is determined by the reality of the working relationship and not simply by the terms of any contract. Employees enjoy the most rights and protection and self-employed individuals the least so many…
The Chancellor set out new measures yesterday in the Government budget 2021 to help businesses and jobs through the pandemic and to support the long-term economic recovery. Here are the main points from the budget, please visit Gov.uk for the full budget. The Coronavirus Job Support Scheme The Coronavirus Job Support Scheme has been extended…
Investing in property has mostly been seen as a safe and profitable investment, both in the short and long term, so should I buy a property through a limited company? Whether you choose to buy property to renovate and then sell on for a profit, or you buy to receive rental income and watch the…
The domestic VAT reverse charge applies to sales of construction work from 1 March 2021. The VAT reverse charge for the construction industry is effectively an extension of the CIS. It applies only to transactions between VAT registered contractors and sub-contractors who are registered for CIS. The scheme means that those supplying construction services to…
The Coronavirus Job Retention Scheme (CJRS) has been extended for a month. Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will now continue for a further month. Businesses will have the flexibility to bring furloughed workers back to work on a part time basis or furlough…
The furlough scheme is coming to an end this month. Here is what you need to know about the Job Support Scheme, which will start on the 1st of November 2020 and run for 6 months. What is it? The job support scheme has been put in place to help protect viable…
Tech-savvy Cornish accountancy firm Bickerstaff & Co show no sign of letting a global pandemic slow them down, as they celebrate another big achievement in 2020. After relocating to a larger office in Hayle after lockdown, they’re now welcoming ACCA-qualified Kelly Ovett to the team, who brings with her over 24 years accountancy experience. The…
Some quite interesting announcements in today’s summer statement from Chancellor Rishi Sunak, mainly aimed at keeping unemployment down and supporting tourism and leisure; Hospitality; Six month VAT cut for restaurants, hotels and attractions from 20% to 5% from 13th July to 12 January 2021. This will include food and non-alcoholic drinks in restaurants, pubs and…
Now that the country is in lock down, many of us have stopped trading and are bracing ourselves for a huge drop in income and a massive dent in our cash flow. Now is probably a good time for you to take stock of where your business is currently, and what you can start doing…