TaxCalc Blog

Charity Commission advice, MTD for VAT soft landing period extended and IR35 Delayed

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.

Taxes - Time to Pay

There are a range of business support measures available for businesses and individuals, which include deferring payment of certain taxes.

Trust us to take action in our time of need

As a family business, we hold dear the values that keeps a family together: respect, loyalty, caring for one another, belief in making the future better.

We have an amazing, devoted team that knows the importance of getting our products right and doing the right thing by our customers. In many ways our customers are like family to us. Many of them have been with us from the beginning. They get in touch when they need our help and in turn advise us on improving our products so they are the best they can be. Our customers stick up for us and it’s only right that we do all we can to support them during these uncertain and worrying times.

Coronavirus Job Retention Scheme - deadline today for payment before end of the month

More than 285,000 businesses have already applied for the Coronavirus Job Retention Scheme since it went live on Monday 20 April.

To be sure payment comes through to employers before the end of the month, applications need to be made today (Wednesday 22‌‌ April)

Business as usual, in unusual times.

We're living in very strange and surreal times. Times when we have to self-isolate, where we can no longer go into the office or meet our clients face-to-face. Times when we have to find other ways to communicate with each other and access our systems remotely.

Businesses are being forced to rethink how they work and how to adapt in a very short time frame.

So how can you keep your business running - as well providing your clients with the support they need to keep their businesses running too?

Keeping well in uncertain times

Over the next few months, as your work and home life start to blur, lots of challenges will present themselves which will have an effect on you both, mentally and physically, whether you’re aware of them or not.

Here’s some practical steps you can take to help you stay calm, relaxed and focused.

An update from our CEO – Where we are today

I’m delighted, and very proud to say that Team TaxCalc has delivered the latest release remotely to keep you compliant with the latest legislative changes for the 2019/20 tax year. Our new release will be rolled out during Monday next week. Please keep your eyes peeled for the email that invites you to download and update.

Self-Employed Income Support Scheme: “one of the most significant economic interventions”

Last night the Government announced a scheme that assists the self-employed across the country during the COVID-19 pandemic. The Self-Employed Income Support Scheme will provide self-employed individuals a taxable grant worth 80% of trading profits, up to £2,500 a month for the next three months. It will also apply to members of partnerships.