Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
07 August 2020
HMRC publishes guidance on penalties for incorrect claims under SEISSHMRC has recently published guidance detailing the steps to take if you have incorrectly applied for and received a grant through the Self-employment Income Support Scheme. The guidance sets how HMRC assess and penalise self-employed workers who have claimed a grant they’re not entitled to.
05 August 2020
HMRC preferential creditor status restored – what this means for lenders and directorsHMRC’s secondary preferential creditor status was restored on 22 July when the Finance Act 2020 received Royal Assent. This makes HMRC, once again, a priority creditor to pay when a company goes into administration or liquidation from 1 December 2020.
05 August 2020
Coronavirus Job Retention Bonus: what you need to knowThe Chancellor announced the introduction of the Coronavirus Job Retention Bonus last month, in a step to reduce the number of people being made redundant as the furlough scheme unwinds. The bonus rewards employers who successfully bring back employers after being furloughed.
04 August 2020
Market Commentary July 2020There was no fourth consecutive monthly gain for the FTSE 100 index as its winning streak came to a halt. Fears of a second wave of COVID-19 being underway in Europe, local lockdowns being imposed and a new two week quarantine requirement on travellers from Spain saw the index retreat by 4.41% for the period. Read more from Craig Hendry.
04 August 2020
Assess, assess and re-assessI realised quite early on in lockdown that I needed to exercise more. My commute now consisted of around six easy steps across the corridor into the spare bedroom – a far cry from the train journey and walk along Princes Street to our West End Edinburgh office.
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