Blog & Insights Archives - Page 3 of 5 - Cutter & Co Chartered Accountants

What does the extending furlough scheme mean for your business?

Posted by Dave Hazlehurst, on June 12, 2020.

The furlough scheme introduced by the UK Government at the start of the coronavirus pandemic has been extended until the end of October 2020. However, businesses are expected to contribute more as the scheme draws to a close. August: businesses will be expected to cover national insurance and pension contributions of workers on the Coronavirus […]

Working from home and mental health

Posted by Dave Hazlehurst, on May 6, 2020.

For many of us, our working lives have changed dramatically as a result of lockdown and coronavirus. COVID-19 has meant a lot of us are now working from home, either alone or surrounded by families – a totally different atmosphere to what we’re used to. At this time, regardless of your situation, taking care of […]

Further Guidance on the Self-Employed Income Support Scheme

Posted by Dave Hazlehurst, on April 16, 2020.

This information is relevant for the self-employed or partnerships only. Government have recently issued further detailed guidance around the Self-Employed Income Support Scheme (SEISS), the aim of which is to support self-employed individuals who have lost income due to COVID-19. The general headline of the measure is that self-employed people will receive a grant of 80% […]

Moving from a sole trader to a limited company

Posted by Dave Hazlehurst, on February 26, 2020.

Setting up a limited company should always be a consideration for all businesses, no matter what industry you are in. Moving from a sole trader to a limited company may mean a lot more paperwork, and there is a much greater compliance burden. However, forming a limited company usually reduces the amount of tax you […]

Expenses for the self-employed

Posted by Dave Hazlehurst, on January 24, 2020.

When you are self-employed, you only need to pay taxes on your profit. This means that any operating expenses can be subtracted from your turnover to work out your taxable profit. However, this doesn’t mean you can claim everything as a business expense. HMRC has clear rules on ‘allowable expenses’, and it’s important to understand […]