• Posted October 22, 2020

COVID-19 Support and Grants for Businesses -Tier 2

Announced 22/10/2020 The Chancellor has announced an extension to the government’s job support scheme.  Below is an outline of the support available to businesses that are struggling due to the coronavirus pandemic. Grant for Wages From 1 November the Job Support Scheme is being introduced.  The Chancellor announced in the Winter Economy Plan that employees […]

  • Posted October 16, 2020

COVID-19 Support and Grants for Businesses -Tier 3

Announced 09/10/2020 The Chancellor has announced that the government’s job support scheme will be expanded for businesses that are forced to close due to coronavirus restrictions. Grant for Wages If your business is closed, the government will pay two thirds of employees’ salaries (up to a maximum of £2,100 per month). Under this scheme, the […]

  • Posted October 9, 2020

COVID – Winter Economy Plan

Plan for Employers The furlough scheme will close at the end of October as planned.  A replacement to the furlough scheme, the Job Support Scheme will be available from 1 November 2020. The Kickstart Scheme The Kickstart Scheme has now opened and is available to employers, this scheme provides funding to employers to create job […]

  • Posted March 23, 2020

Coronavirus – What support is my business eligible for?

  We have developed a tool to help you discover what government support is available for your business. This has been updated for the information released by the Chancellor on Thursday 26 March 2020.  If you would like your results emailed to you please provide your email address below   Need more guidance? For more […]

  • Posted February 21, 2020

Paying back your student loan whilst being self employed

 Sean Rushton, Whitesides Accountant looks into how to pay back your student loan whilst being self-employed You pay your student loan via your self-assessment tax return. If you have an accountant doing this for you then they will do all the calculations and they’ll tell you how much you need to pay over. Alternatively, […]

  • Posted February 19, 2020

Accounting apps for the construction industry – Whitesides top five

Accounting Apps aren’t just for accountants, they can simplify your life, take the stress out of paperwork and make everything just run more smoothly.  In this blog Leo (our bookkeeping manager) considers his top 5 accounting apps for the Construction Industry. Tradify Top of the list comes Tradify.  Tradify provides a complete job management solution […]

  • Posted February 14, 2020

The benefits of being VAT registered

 Joanne Whiteside, explores the benefits of being VAT registered The VAT registration threshold is currently 85,000 pounds, so if your turn over goes over that in the previous 12 months, looking at the 12 months up to the end of the previous month, not what your accounts might say for the previous year, you […]

  • Posted February 12, 2020

Preparing for retirement as a business owner

Preparing for retirement should be something you look forward to, but it can also be tinged with sadness, your role as a business owner will change as you start to take a step back from the business you have owned and run for many years. As a business owner retirement is something you need to […]

  • Posted February 12, 2020

DIY self-assessment tax return – Top tips from Whitesides

As the 31 January has just passed I thought I would set out some of my top tips for completing a DIY self-assessment tax return, to help you get fully prepared for the next year. Don’t Be Late Leaving it to the last minute is never a good idea, last year over 700,000 tax returns […]

  • Posted February 7, 2020

Claiming expenses on a garden office

Sean Rushton, Whitesides Accountant sheds (no pun intended) some light on claiming expenses on a garden office. If you’ve constructed a garden office for work you can claim the costs of the construction as capital allowances. However, if you’ve claimed capital allowances on it you may not be able to claim full principal private residence […]