This week, the Chancellor delivered the government’s Budget for 2021. Mr Sunak announced extensions to a number of the current COVID-19 schemes, as well as additional support for individuals and businesses. Below is a breakdown of some of the key measures for employers. To get the full details on all of Budget 2021 measures announced…
Category Archives: Britebooks News
Government will largely avoid imposing penalties for first year of new IR35 arrangements
Government will largely avoid imposing penalties for first year of new IR35 arrangements
In welcome news for many businesses using Wellington and Plymouth bookkeeper and payroll services, the government has issued new guidance indicating that it will not fine employers if they initially fail to comply with upcoming changes to IR35 rules – as long as there is no evidence of deliberate wrongdoing. The off-payroll working rules, also…
Payroll Tax Changes for Contractors Finally Set To Take Effect From April
Payroll Tax Changes for Contractors Finally Set To Take Effect From April
After a delay to the originally intended start date of April 2020 in the wake of the coronavirus crisis, changes to off-payroll working rules (IR35) will finally come into force from April 2021. The new rules, now re-launched by the British government, will force some freelance workers onto companies’ books. This is because of the…
Quickbooks vs Xero: Which Is Best for Your Firm’s Cloud Bookkeeping?
Quickbooks vs Xero: Which Is Best for Your Firm’s Cloud Bookkeeping?
At Britebooks, we’re great believers in equipping small businesses with up-to-the-minute cloud accounting tools that help them to take the time, stress and hassle out of bookkeeping. Any prolonged conversation about digital bookkeeping, though, tends to swiftly move onto the subject of the ‘big two’ in cloud-based accounting solutions: QuickBooks and Xero. We’re certified advisors…
Make 2021 The Year Your Business Embraces Digital Bookkeeping
Make 2021 The Year Your Business Embraces Digital Bookkeeping
£9,000 Top Up Grant For Retail, Hospitality And Leisure Businesses
£9,000 Top Up Grant For Retail, Hospitality And Leisure Businesses
Chancellor Rishi Sunak has announced a £4.6 billion programme of new lockdown grants to support businesses and protect jobs through the next phase of the pandemic. To summarise what we know currently, businesses in retail, hospitality and leisure sectors are to receive a one-off grant worth up to £9,000 to help keep them afloat until…
Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses
Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses
Plymouth City Council has been allocated £5.2 million through the Government’s Additional Restrictions Grant (ARG) to support local businesses that have been most impacted by the current national coronavirus restrictions – in particular retail, leisure and hospitality businesses and their supply chain. The Council has also identified types of businesses that it will prioritise for…
Self Assessment Customers Warned About Scammers Posing as HMRC
Self Assessment Customers Warned About Scammers Posing as HMRC
HMRC is warning self assessment taxpayers completing their returns to take care to avoid being caught out by scammers. c In the last year alone, HMRC has responded to more than 846,000 referrals of suspicious HMRC contact from the public, and reported over 15,500 malicious web pages to internet service providers to be taken down.…
Top 5 Benefits of Outsourced Bookkeeping
Top 5 Benefits of Outsourced Bookkeeping
How can you benefit from outsourced bookkeeping? As an owner of an SME, your time is valuable. Although accurate and up-to-date bookkeeping is essential for any business to continue moving in the right direction, manually entering receipts and filing paperwork can easily take up hours of your valuable time week in, week out. You might…
Chancellor Announces Five-Month Extension to Furlough Scheme
Chancellor Announces Five-Month Extension to Furlough Scheme
Extension to Furlough Scheme Following its most recent announcement, the Government has further extended the Furlough Scheme to 31 March 2021, while also increasing support for the self-employed. The scheme, officially known as the Coronavirus Job Retention Scheme, was originally due to end last Saturday on 31 October. This was then followed by a last…