Smarter Business Support – 05/02/2021

At Smarter Accounting we have spent most of the week catching up on things that we have been putting off until the January rush was over. Most of us are looking forward to taking some time off in the weeks ahead, but the lockdown limits what can be done in any spare time, so here’s hoping for some better weather at least!

Once again, the Chancellor has been very quiet over the past week, but it has been confirmed that that the reviews of the various schemes and details of the fourth Self Employment Income Support Grant will be announced in the budget on 3 March 2021. This will be a budget to keep an eye on.

We have once again updated the District Council statuses on the various business support schemes. Click on the links below for your local Council >>

Many of you will be involved in the Construction Industry and may be aware of the Reverse Charge VAT rules that are due to come into force from 1 March 2021. These rules were supposed to take effect from 1 October 2019 but have been postponed for various reasons until now. There is no evidence yet that the implementation will be delayed further, and we are preparing a specific blog on this topic, which we will send out early next week. If you are in the Construction Industry, this may well impact you and therefore keep an eye out for the blog.

The Smarter Accounting Offices will continue to be staffed but will not be open for face to face meetings. We can always make other arrangements for video conferencing or telephone calls if required. If you are dropping off or collecting records via the office, please notify us in advance and wear a facemask.  Please be aware that we are reviewing our policy regards COVID 19 on, at least, a weekly basis.

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Best wishes and stay safe