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NEWS

Explore our blog - you'll discover a selection of useful accounting news articles and all the latest updates from MATCH Accounting.

Self Employed Income Support (SEISS) 4th & 5th Grants

The 4th grant covers 1st February to 30th April at 80% of the 3-month average profits and can be claimed from late April. Deadline to claim is 1st June. The 5th and final grant covers 1st May to 30th September 2021 at a reduced rate depending on the reduction in profits of the business and…

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Coronavirus Restart Grant

The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. Eligible businesses in the non-essential retail sector may be entitled to a one-off cash grant of up to £6,000 from their local council. Eligible businesses in the hospitality, accommodation, leisure, personal care and gym…

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Charitable Donations By A Company

Limited companies can pay less Corporation Tax when giving money, equipment or items it makes or sells (‘trading stock’) to a charity or community amateur sports club (CASC). Donating Money You can deduct the value of the donations from your total business profits before you pay tax. You can’t deduct payments that: are loans that…

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Are You Ready For The New Tax Year?

From 1 April 2021 there will be new rates for National Insurance, National Living Wage/National Minimum Wage and statutory payments, changes to expenses and benefits, and Student Loan deductions. Ensure you are ready to make the necessary changes to your payroll records, send your final Full Payment Submission (FPS) and issue P60s to employees. If…

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£20 million SME Brexit Support Fund open for applications

Smaller businesses can now apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The £20 million SME Brexit Support Fund enables traders to access practical support, including training for new customs, rules of origin and VAT processes. Small and medium sized businesses…

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We welcome Ben Cambage – our new Client Finance Director

The team have recently had the pleasure of welcoming a new member to the MATCH family. Ben is our new Client Finance Director and has hit the ground running, getting stuck into his new role with us straight away. We have enjoyed getting to know Ben a little better over the last few weeks, so…

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Bounce Back Loan Scheme’s (BBLS) Pay As You Grow repayment plan

The Government has offered increased flexibility for businesses with BBLS loans enabling them to tailor their repayments based on their individual circumstances.   Delayed Repayments Businesses can opt out of making payments on BBLS loans until 18 months after they were originally taken out. Repayments can be paused from the first repayment, rather than after…

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New VAT Deferral Payment Scheme

New VAT Deferral Payment Scheme   If you deferred VAT payments due between 20‌‌ ‌March and 30‌‌ ‌June 2020 and still have payments to make, you should pay by 31‌‌ ‌March 2021 if you can. If you cannot afford to pay by 31‌‌ ‌March this year, you can now use the online VAT deferral new…

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Budget 2021: Chancellor Announces Tax & Spending Plans

Chancellor Rishi Sunak has announced measures to support businesses and households, as well as how ongoing support will be financed.   Furlough Scheme Extended until end of September at the 80% rate. Employers to contribute 10% in July, 20% in August and September. Self Employed Income Support Scheme (SEISS) Extended until end of September. 1st…

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VAT Changes For Construction Industry

If you deal with VAT through the construction industry, read on ahead. If you don’t, then you’re still welcome to read all about it – or you could put the kettle on instead?   The new VAT Reverse Charge System The new VAT Reverse Charge System for the UK Construction Industry comes into force on…

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