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Taxing times for UK taxpayers

Taxing times for UK taxpayers are upon us because of Coronavirus. Canalitix Accountants have created a set of income tax calculators and schedules to aid tax payers with their income tax planning. The income tax calculators will focus on the construction industry and buy to let (BTL) property investors. Prior to COVID-19, BTL property investors […]

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COVID-19: Accounting for grants and loans

This post on COVID-19: Accounting for grants and loans was sponsored by Canalitix.com Thank you for your interest.

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CIS contractors CIS subcontractors Construction Industry Scheme (CIS) COVID-19 PAYE Taxation Services The Coronavirus Job Retention Scheme UK Taxation

COVID-19: Construction industry furlough claims rejected

COVID-19: Construction industry furlough claims rejected as ineligible. Why are claims by construction companies for furloughed staff being rejected as ineligible? One of the qualifying criteria for claiming 80% of the salaries of furloughed employee under the Coronavirus Job Retention Scheme (CJRS) is that the employer must have operated a PAYE scheme prior to the […]

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COVID-19 Dividend income Employment income Help with VAT PAYE CIS and Corporation Tax Help HMRC and Companies House filing deadlines Income tax IR35 implementation in the private sector IT Contractors PAYE Taxation Services The Coronavirus Job Retention Scheme UK Taxation

COVID-19: Ineligible furloughed directors

COVID-19: Ineligible furloughed directors are mostly those receiving a monthly tax-free salary of £719 per month for 2019/20. This issue relates to claims for Coronavirus Job Retention Scheme (CJRS) grants being rejected as ineligible. The companies affected are those where the directors have operated a payroll for themselves only and opted to receive a monthly […]

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CIS contractors COVID-19 Help with VAT PAYE CIS and Corporation Tax Help HMRC and Companies House filing deadlines IT Contractors PAYE Taxation Services The Coronavirus Job Retention Scheme The Self Employment Income Support Scheme UK Taxation

COVID-19: Befuddled? We are tax agents

COVID-19: Befuddled? We are tax agents who can guide you through the Coronavirus Job Retention Scheme (CJRS) and Self Employed Income Support grants. HMRC has recently reached out to Canalitix Accountants and other UK tax agents to assist businesses with their claims for furloughed staff wages under CJRS. The CJRS dedicated online claims system is […]

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COVID-19 Deferral of VAT and Income Tax Help with VAT PAYE CIS and Corporation Tax Help PAYE Taxation Services The Coronavirus Business Interruption Loan Scheme The Coronavirus Job Retention Scheme The Self Employment Income Support Scheme

COVID-19: HMRC Job Retention Scheme Video+

The COVID-19: HMRC Job Retention Scheme Video by HMRC is very comprehensive and worth listening to. This post on The COVID-19: HMRC Job Retention Scheme Video was sponsored by Canalitix.com This post on COVID-19: HMRC Job Retention Scheme Video+ was sponsored Canalitix.com Thank you for your interest.

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COVID-19 Employment income Income tax IR35 implementation in the private sector IT Contractors PAYE Private and public sector contractors and consultants Taxation Services The Coronavirus Job Retention Scheme UK Taxation

COVID 19: Applying for 80% of furloughed staff wages

This article on COVID 19: Applying for 80% of furloughed staff wages looks at the eligibility and qualify criteria for employers planning to apply to HMRC for help under the government’s Coronavirus Job Retention Scheme. Coronavirus Job Retention Scheme Under the Coronavirus Job Retention Scheme, Employers who have had to put staff on furlough leave […]

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CIS contractors CIS subcontractors COVID-19 Income tax Self Assessment tax return Self Assessment tax return filing deadline Self employment income Taxation Services The Coronavirus Business Interruption Loan Scheme The Self Employment Income Support Scheme UK Taxation VAT

COVID-19: The forgotten self-employed

COVID-19: The forgotten self-employed are individuals who have started their self-employment businesses since 5th April 2019 and, as a consequence are excluded from claiming grants through the self-employment Income Support Scheme. Being self-employed is like walking a tightrope and trying to balance the demands of creditors, staff and bank overdrafts on the one hand while […]

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COVID-19: Deferral of VAT update

COVID-19: Deferral of VAT update: The government has just announced that businesses now have until 31 March 2021 to pay any VAT deferred as a result of this announcement. In addition, businesses can opt in to the deferral simply by not making VAT payments due in this period. The announcement also advised that businesses who […]

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COVID-19 Deferral of VAT and Income Tax Help with VAT PAYE CIS and Corporation Tax Help PAYE Taxation Services The Coronavirus Business Interruption Loan Scheme The Coronavirus Job Retention Scheme

COVID-19: Job Retention Scheme Update

Today, the COVID-19 Job Retention Scheme Update was announced by the government to provide further clarity on how the scheme will operate. According to the announcement, the scheme will be backdated to 1 March 2020 and provided staff remain employed throughout the crisis the funding will be open to all employers with a PAYE payroll […]