Red Shoes Accounting Services

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Amber is now fully AAT qualified

15/06/2020

We are really pleased to announce that Amber is now fully AAT Qualified, completing her final exams just before her 21st birthday! This fantastic news further strengthens the experience and capacity of the team as we contiune to take on new clients

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Mayor James Palmer launches Covid-19 Capital Grant Fund to boost businesses

13/04/2020

From the Cambridge Independent: Mayor James Palmer has launched a region-wide scheme aimed at bolstering businesses for the longer-term, post the coronavirus pandemic. A £2.3million ‘war chest’ of grants will be available for companies caught in

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COVID19 Business Support

26/03/2020

A full range of measures have been made available to support businesses, public services and individuals during the coronavirus (Covid-19) pandemic. Businesses can find out here what support is available to them and where and how they can access

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NEW CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME OPENS TO SMALLER BUSINESSES ACROSS THE UK

23/03/2020

• 40+ accredited lenders and partners • Eligibility terms confirmed • Details released on how smaller businesses can apply for the scheme 23 March 2020: Announced by the Chancellor at Budget 2020, the Coronavirus Business Interruption Loan

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Tax support for businesses affected by coronavirus

20/03/2020

For those who are unable to pay due to coronavirus, HMRC will discuss your specific circumstances to explore: · agreeing an instalment arrangement · suspending debt collection proceedings · cancelling penalties and interest where you have

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Coronavirus update

18/03/2020

**Coronavirus advice for businesses** Please note: Red Shoes is open for business. We are here to help even if it just as a sounding board during this difficult trading period. Our office is clean and open as normal. We operate most of our

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Red Shoes Accounting strengthens team with new recruits and a promotion

09/03/2020

Professional accountancy firm, Red Shoes Accounting, in Littleport has welcomed two new recruits and celebrating a well-deserved promotion. Red Shoes Accounting provides small and medium-sized businesses with services including management

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Amber gets green light at Red Shoes Accounting

15/02/2020

We are delighted to welcome trainee accountant, Amber Smith, as the team continues to grow. Amber will be responsible for the accurate and efficient processing of client personal tax returns, VAT returns and corporation tax returns as well as

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Redundancy process map

06/07/2020

Acas has published a process map for employers who are having to consider making redundancies due to coronavirus. The interactive tool has been designed to help employers better understand redundancy processes, required steps and good practice when

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The new reality

05/07/2020

It may be some time before we could state with some certainty that it was back to business as usual; usual being the business environment before the arrival of Coronavirus. What has changed? The major change has been the dampening of demand due to

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What is working capital?

05/07/2020

Accountants would say that working capital is the difference between current assets and current liabilities. It is the capital of a business used in day to day trading operations. Current assets are generally those that can be converted into cash

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Updated HM Treasury instructions re: CJRS

30/06/2020

On 26 June 2020, the Chancellor, Rishi Sunak made a further (third) Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020 concerning the Coronavirus Job Retention Scheme (CJRS). There are a number of important changes to the way

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Government support for pubs, cafes and restaurants

30/06/2020

The government has confirmed a further easing of lockdown as pubs, cafes, restaurants, hotels, hairdressers and cinemas have been given permission to reopen in England from 4 July. The launch date has been dubbed as Super Saturday. These changes will

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Financial help for debt advisers

30/06/2020

The government has announced that an extra £37.8 million will be made available to support debt advice providers during 2020-21. The distribution of the money will be overseen by the Money and Pensions Service (MaPS). MaPS will set out the

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Reporting Capital Gains on residential property

30/06/2020

The Capital Gains Tax (CGT) reporting and payment date for UK residents that sell a residential property changed from 6 April 2020. This change means that any CGT due on the sale of a residential property needs to be reported and a payment on account

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Vehicle MOT dates

30/06/2020

The government has announced that mandatory MOT tests for car, motorcycle and van owners in England, Scotland and Wales are to be reintroduced from 1 August 2020. This means that all drivers whose vehicle is due for an MOT test from 1 August will be

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Trusts and CGT

30/06/2020

A trust is an obligation that binds a trustee, an individual or a company to deal with the assets such as land, money and shares which form part of the trust. The person who places assets into a trust is known as a settlor and the trust benefits one

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IHT exemption for gifts out of income

30/06/2020

It is possible for wealthier taxpayers to take advantage of the IHT exemption for gifts and payments that are paid as normal expenditure out of income. This is a very flexible exemption from IHT as there are no specific requirements, for example,

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