Insider October 2020 – current issues affecting business

Oct 6, 2020 | TC news

Click here to access our Insider Guide.

Our round-up of the current issues affecting your finances, business and the economy.

This editions covers  –

Commission set to recommend national living wage freeze – Ministers are reportedly considering halting plans to implement the planned national living wage increase from next spring.

Chancellor reveals new support measures amid second-wave fears – New support measures for businesses and workers have been announced in the face of a rising tide of coronavirus.

Tax group calls for extension to the annual investment allowance – The temporary increase to the annual investment allowance should be extended, according to the Association of Tax Technicians (ATT). The allowance enables firms to fully offset the cost of qualifying capital items of plant and machinery against taxable profits.

Fraudulent furlough claims or those paid in error could run into billions– Up to £3.5 billion in payments made to employers under the furlough scheme might have been fraudulently claimed or paid in error, HMRC has said.

If you have any questions regarding the articles included in the guide, please email or call our reception team on 01383 628800.

Other posts you might like:

Auto Insight Magazine – How to avoid PAYE penalties

In the latest edition of the SMTA magazine Auto Insight, Tax Specialist Keith Hunter discusses the main areas of risk to employers surrounding PAYE, especially now that HMRC have adopted a intelligence / risk-based approach to PAYE reviews, and how to avoid PAYE penalties.

read more

Careers In Focus – Jayne Emery

Our Careers in Focus series continues with Jayne Emery, one of our qualified accountants working in the Agricultural team. Jayne studied with the Open University initially to accommodate her job in equestrianism, then began a new career in accountancy with a focus on agriculture and farming.

read more