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TS Partners
  • 28
  • Jul
Government announces new tax system reform for small businesses

On 20th July, the Government announced reforms to tax reporting designed to make the returns process easier for small businesses and the self-employed.     What are the current rules? Under the current taxation system, tax returns filed by people who are self-employed, sole traders, and partnerships are based on the business’s end of year accounts.…

  • 20
  • Jul
Big rise in ‘hybrid’ working shown in new poll of business managers

A new survey of managers undertaken amid the continuing relaxation of COVID-19 restrictions in England has revealed concerns among many respondents that measures designed to limit the spread of the virus are being lifted too fast.   The poll, as reported by Sky News, found that 50% of managers believed the changes were occurring too quickly,…

  • 7
  • Jul
Business rates holiday slashed from 1st July for thousands of firms in England

Another element of the UK Government’s support for companies adversely hit by the pandemic is now being eased, with the start of July bringing a reduction in the relief provided by the business rates holiday introduced in April last year.  As the coronavirus crisis first took hold in the spring of 2020, the Government paused…

  • 21
  • Jun
Could the shift towards home working bring about a UK ‘tax crisis’?

  Many observations – both positive and negative – have been made about the greatly heightened tendency towards remote working in the UK since the onset of the COVID-19 pandemic. However, one factor that arguably hasn’t been discussed as deeply as it perhaps ought to be, is the impact the home-working revolution could have on…

  • 11
  • Jun
How has your UK SME been faring since the Brexit transition?

For a long time, it was seemingly the subject of discussion that we most loved to hate – at least until the COVID-19 pandemic came along. But the fact remains that no small or medium-sized firm in the UK that trades – or wishes to trade – with Europe can ignore the ‘B’ word, Brexit,…

  • 21
  • May
Chancellor urged to regulate umbrella companies to halt unethical behaviour

Two leading industry figures have put forward a policy proposal for Chancellor of the Exchequer Rishi Sunak, reasoning that tough new rules must be imposed on dishonest umbrella company bosses to prevent them from cheating tax authorities and workers out of billions of pounds a year.  Rebecca Seeley Harris, Chair of the Employment Status Forum,…

  • 17
  • Mar
Half of the UK’s freelancers say they’ll cease contracting once IR35 reform takes effect

In another development that will be of little surprise to workers taking advantage of our own accountancy for contractors in Plymouth and Wellington, a new survey has revealed that half (50%) of contractors plan to stop contracting in the UK after IR35 rule changes are introduced in April.  The UK government’s reforms of the off-payroll…

  • 20
  • Jan
Supreme Court Ruling – Business Interruption Insurance

On Friday 15 January 2021 the UK Supreme Court ruled in favour of SMEs in the FCA Test Case in its decision on whether certain Business Interruption clauses should respond or not to Covid-19 losses. Small businesses that have had no choice but to close during lockdown could potentially be able to claim on their…

  • 20
  • Jan
Time To Pay Arrangements – Spreading the Cost of Your January 2021 Tax Bill

As individuals and businesses continue to be impacted by the coronavirus pandemic, many will be concerned about their UK tax implications, especially if they are unable to pay them on time.  So, how are HMRC helping people with their January tax bill? With taxpayers facing tax debts this quarter (whether this is income tax or…

  • 8
  • Jan
Britons Urged to Act Quickly to Beat Self-Assessment Deadline

It’s that time again; not only is it a whole New Year, but it’s also time for the many millions of Britons required to complete a self-assessment tax return to do so by midnight on 31st January.  Of course, we realise here at TS Partners that some of you will have done the deed already.…

  • 8
  • Jan
3 Simple Ways to Help Your Small Business Thrive in 2021

It would obviously be something of an understatement to suggest that 2020 presented considerable challenges for businesses of every size, sector and location.  So, we won’t dwell on whether the past 12 months saw your own business go from strength to strength, or instead almost hit rock-bottom – or indeed, whether you are only just…

additional restrictions grant
  • 30
  • Nov
Additional Restrictions Grant Update: Further Financial Support Available for Plymouth Businesses

Plymouth City Council has been allocated £5.2 million through the Government’s Additional Restrictions Grant (ARG) to support local businesses that have been most impacted by the current national coronavirus restrictions – in particular retail, leisure and hospitality businesses and their supply chain. The Council has also identified types of businesses that it will prioritise for…