News and events
News
The return of the Coronavirus Workforce Fund
With the new Omicron variant spreading across the UK and the return of face coverings when in supermarkets the DfE has announced the revival of the Coronavirus Workforce Fund. Having initially been launched in November 2020, the scheme was then scrapped as the situation developed further in early 2021
The UK subsidiary audit exemption for EEA Parents
Are you impacted by the recent Brexit changes to the parent company guarantee audit exemption?
For period’s commencing on or after 1 January 2021, UK subsidiaries of a parent company registered in the European Economic Area (‘EEA’), will no longer be able to take advantage of the parent company guarantee to exempt the UK subsidiary from an audit.
MTD (Making Tax Digital)
Further changes are coming…..
A rural view on the 2021 Autumn Budget
With the farming industry undergoing mass reforms and increased pressures as the Basic Payment Scheme is phased out, the Chancellor’s latest Budget statement was eagerly awaited. In the end, the farming sector was largely overlooked, with the focus being on a new post -COVID economy of fiscal stability.
Extracting Profits from Companies
The well-known routes to take money out of your limited company are by way of salary and dividends.
Time for some business housekeeping?
Winter evenings or perhaps hours spent on a tractor can give time for thoughts and discussions regarding business structure and succession planning. The team at Ellacotts collectively have decades of experience in handling transitions in business management and land ownership with our farming and landowning clients.
Furnished holiday lets
In the current economic crisis, if you are thinking about how you can improve your household income, you may wish to consider a furnished holiday let (FHL).
Education costs and how grandparents could help
With the start of the new school year fast approaching, and for those who have chosen a private education for their children, the significant costs involved can be a great expense for many people.
State Pension Underpayments
Tens of thousands of women are likely to have been underpaid the state pension, and many could be due £1,000s
The 2021 Harvest
After some concerning conditions in March and April 2021, better weather in May turned around the outlook for 2021, and now with wheat being harvested in between rain showers we are starting to see the results.
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