Covid-19

HMRC Working from Home Allowance

How to Claim HMRC Working from Home Allowance

Due to the pandemic COVID-19 situation, the HMRC working-from-home allowance became a popular way to carry out business in an uninterrupted way. This has also increased the usage of online portals. According to a recent observation, 50,000 individuals used online portals as taxpayers to claim tax relief while they were providing their services from home. […]

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What is Insolvency in Business

What is Insolvency in Business? How Does One Recover From It?

If your business is on the brink of insolvency, the following steps might help you avoid that. The real question is, will your business turn around any time soon? Business debt, bankruptcy, and insolvency are more or less the same things, so this article will touch upon and provide recovery solutions for all these.  Let’s

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Corporate Interest Restriction

Corporate Interest Restriction: Late Filing Penalties

Following the deadlines is important to get away with fines and penalties. Normally you can get 12 months from the end of the period of account for Interest Restriction Return (IRR) or Corporate interest Restrictions. Penalties for Late filing will come in place when you go beyond this period. If you have a tangible excuse, then penalties for

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Tax Return

No Late Filing Penalties on Tax Return This Year Says Hmrc

Many of you would be postponing tax filing, as COVID has already presented so many challenges to businesses. In the uproar of claiming all the COVID grants and loans, it became extremely challenging for everyone to keep up with the taxes too. Many of us were hoping that the tax return deadlines may get extended

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Government Contract Job

Government Contract Job with Corona Virus Job Retention Scheme

The whole world is going through trying times. We’ve seen businesses collapse, economies struggling, and unemployment. Some governments took strong action against unemployment. UK’s Corona Virus Government Contract Jobs Retention Scheme is one of the many heroic actions taken by the UK government.  What’s the Corona Virus Job Retention Scheme? In July 2020 about 9.5

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