News and events from TaxCalc
On 24 September 2020, the Chancellor Rishi Sunak announced the ‘Winter Economy Plan’ – a series of measures to continue assisting businesses and employees amid the current pressures caused by COVID-19.
Among those measures was an update to the VAT Payments Deferral Scheme. This allowed businesses to defer payment of any VAT liabilities that fell due between 20 March 2020 to the 30 June 2020 until 31 March 2021. The scheme ended on 30 June 2020.
Chancellor Rishi Sunak has outlined a series of measures to support jobs and the economy over the next six months. Here we provide an overview of the five new initiatives with a brief explanation. Please pass it on to your clients as you see fit.Read more
It’s almost five months since our world was turned upside down and we all scrambled
to switch from an office-based enterprise to one that was working more or less entirely from home. As we emerge from lockdown (if indeed we do), we find ourselves at TaxCalc wiser, more productive, more mindful of each other and with a positive outlook, even given the difficulties that our industry and society faces.Read more
The Covid-19 enforced lockdown in March saw firms across the country abruptly move their businesses from being office, to home-based.
For many of those firms that have already embraced the 'Digital Revolution', the transition to home working has been far smoother – and has also come some distinct advantages. Flexible working has resulted in improved productivity and, in many cases, staff morale. Also, firm location and distance is no longer a barrier to serving clients and has resulted in the provision of more responsive advisory services and improved client relationships.
With the lockdown continuing to ease, one TaxCalc customer reflects on the immediate and lasting changes of working from home and going digital.Read more
Should accountants start discussing the changes with their clients and implementing solutions? How long have they got to prepare? Is it worth spending time on it?
As part of a new 10-year plan to modernise the UK tax administration, we finally have some answers. The accounting industry can finally start planning with some certainty and to a sensible timeline.Read more
Under the banner of ‘From TaxCalc with Love’, we're spearheading a campaign to not only support the company’s employees, but also the country’s healthcare workers who have come under greater pressure than ever. A combination of measures to assist team members and customers, a revamp of daily operations and a flood of donations to NHS staff have formed part of an effort to give back during the COVID-19 pandemic.Read more
At TaxCalc we've been working hard to play our part during the COVID-19 pandemic. Different members of the TaxCalc family have been doing projects to try and help the situation for others, such as 3D printing visors or sewing scrubs for the NHS. These projects, however, require machinery or at least some level of skill that not everyone has. Several people, however, have home computers that are sat doing nothing during the workday.Read more
The Charity Commission has advised that charities due to submit an Annual Return imminently, but are unable to do so, can email them to request a filing extension. Coronavirus guidance for the charity sector provides information in response to the most commonly asked questions about operating during this period.Read more