News and events
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Top-up to local business grant funds scheme
The government announced that an extra £617 million will be made available to help small businesses who share office space and didn’t qualify for the business grant funds scheme.
Remote audits
How Ellacotts has adapted our audit processes to be conducted remotely during the coronavirus outbreak.
Managing risk in your farming business
So far, 2020 has presented many tough challenges and obstacles for farming businesses and risk management has probably never been so vital.
Changes to the Employment Allowance from April 2020
HMRC announced that from Monday 6 April 2020, the eligibility rules for claiming the Employment Allowance (EA) will change. Before you claim you will now have to make extra checks to find out if you are eligible to claim.
Open banking changes come into force on 14 March 2020
As of 14th March 2020, the majority of the large banks have changed their systems and have been able to provide ‘Open Banking’ for cloud accounting provides.
Budget updates to R&D credits
The rate of Research & Development Expenditure Credit (RDEC) will increase from 12% to 13% from 1 April 2020.
UK Government consultation on freeports
The government has launched a consultation on proposals to create up to ten freeports across the UK which would have different customs rules than those which apply in the rest of the UK.
The Chancellor overhauls Entrepreneurs’ Relief in Budget
The Chancellor announced in the Budget that he will overhaul Entrepreneurs’ Relief. The lifetime allowance on claims from the relief will be reduced by 90% going down from £10m to £1m — a move the Chancellor said would save £6bn per year.
Five benefits of cloud accounting software
Switching to online accounting software means your businesses data is easily accessible, wherever you are, at any time, with any internet-enabled device.
Tax changes for overseas landlords with UK land and property
Any non-resident landlord (NRL) company with a UK property business will pay Corporation Tax instead of Income Tax from 6 April 2020.
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