Firm News
A little bit of everything, written by the Lambert Chapman team. Join in the conversation, we would love to hear from you.
Preparing your Coronavirus Business Interruption Loan Scheme (CBIL) Application
The impact of COVID-19 threatens to be felt by the business community long after the current crisis abates and as we grow to understand how the social distancing rules will be relaxed, as business owners - our thoughts turn to how we rebuild our business and what form...
Is the COVID-19 furlough scheme open to abuse?
The Coronavirus Job Retention Scheme (CJRS) has been put into place to assist struggling businesses, allowing the employer to claim for employees that are unable to work because of the coronavirus and put on temporary leave (furlough). The employer can claim 80% of...
Whose desk is it anyway?
Working from home can be a lonely experience and as we waved our colleagues goodbye on lockdown day, armed with our laptops and VPN’s to work remotely, we were determined that along with looking after our clients, we would also need to lookout for our teammates during...
3D printing to protect our community during COVID-19
I was speaking with Nick last Friday in a bit of a wrap up on the week. I was telling him about a friend of mine who was using his 3D printer to produce protective face masks to use in local Care Homes where he lived when Nick asked how much such a printer would be....
Adjusting to working from home
I have been working from home for almost two weeks now - this is the new front line in accountancy. The government has told us that we must work from home wherever possible and so by far the majority of the partners and staff at Lambert Chapman LLP have moved into...
IR35 Delayed until 2021
There was a statement in Parliament on 18 March 2020 by the Treasury secretary Steve Barclay to confirm that IR35 reform will not be introduced next month, but will be delayed for one year due to the economic impact of the coronavirus. This is a temporary reprieve for...
COVID-19 Checklist – can you reduce your outgoings?
In these difficult times where income could be reduced, we all need to take personal stock to identify actions we could take to reduce our outgoings whilst we are locked down and possibly furloughed, thereby bringing less into the home than we would expect. The...
Self-assessment tax deferral extended to all taxpayers
The deferment of self assessment tax in July 2020 originally marked as for “the self employed” has been expanded to encompass all tax payers needing to make a self assessment payment in July. However, the deferment is optional with the recommendation that if you are...
COVID-19: Self Employment Income Support Scheme
In his statement of 26 March 2020, Chancellor Rishi Sunak announced coronavirus (COVID-19) Self Employment Income Support Scheme. This had been highly anticipated having been suggested for earlier in the week, with information being available about the top figure....
Who is on the side of the ordinary Company Director?
With all of the announcements that have been issued in the last 10 days, there is one group that this “new labour” Conservative Government appear to have forgotten. The man (or Woman) who takes the risks in running the Company and generates lots of VAT and corporation...
Events
The latest tax, employment, business and economic news affecting businesses and individuals alike.