Red Shoes Accounting Services

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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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Changes announced to Coronavirus Business Interruption Loan Scheme (CBILS)

02/04/2020

Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and loans – without the Government's 80% guarantee – on the basis that they fit the banks’ criteria for

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Tax Diary April/May 2020

31/03/2020

1 April 2020 - Due date for Corporation Tax due for the year ended 30 June 2019. 19 April 2020 - PAYE and NIC deductions due for month ended 5 April 2020. (If you pay your tax electronically the due date is 22 April 2020). 19 April 2020 - Filing

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Directors – between a rock and a hard place

31/03/2020

Directors that have drawn remuneration from their companies as a mix of low salary and higher dividends would seem to be overlooked by the schemes announced in the past two weeks to support the employed and the self-employed. In the first news story

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Coronavirus tax payment helpline

31/03/2020

The phone number for the COVID-19 helpline launched earlier this month has been changed to 0800 024 1222. Calls to the previously published number will be redirected. The launch of the new number will help increase capacity. The helpline will field

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Working Tax Credits increased for one year

31/03/2020

As part of the package of measures to tackle the Coronavirus outbreak, the government has announced that the basic element Working Tax Credit payments will be increased from an expected £1,995 to £3,040 for the 2020-21 tax year starting

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Relaxation of phone contracts during COVID-19 outbreak

31/03/2020

An interesting joint statement from the Government, Ofcom and the telecommunications industry has been published to help offer support to vulnerable consumers and those who may become vulnerable due to circumstances arising from COVID-19. The

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Further details on Coronavirus Job Retention Scheme

31/03/2020

HMRC has published further details on how the new Coronavirus Job Retention Scheme will work in practice. It had already been announced that the new scheme will see the government cover up to 80% of wage costs, up to a cap of £2,500 per month,

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Coronavirus – relaxation of insolvency rules

31/03/2020

New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, to continue trading and not be forced to file for bankruptcy. The measures were announced by the Business Secretary, Alok

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Coronavirus deferral of VAT payments

31/03/2020

In another move to help businesses the government announced that VAT registered businesses can defer any VAT payments due between 20 March 2020 and 30 June 2020. There is no application process required to defer the relevant payment. However,

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Contactless payment limit increased

31/03/2020

The spending limit for contactless card payments has been increased from £30 to £45 effective 1 April 2020. The change in the limit had been under consideration and has now been expedited as part of the industry’s response to the

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Financial support for exporters

31/03/2020

There is a special financial support targeted specifically at exporters. This is in addition to the package of government-backed and guaranteed loans and other measures designed to support businesses coping with the financial effects of Coronavirus

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Businesses and employers in Northern Ireland

31/03/2020

The Northern Ireland Office (NIO) is a UK government department responsible for Northern Ireland affairs. The NIO seeks to ensure the smooth working of the devolution settlement in Northern Ireland. A new press release, jointly published by the NIO,

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