Bookkeeping Bites – Find Your Way with Covid Support!

🤦‍♀️ 🤷‍♂️Feeling a bit lost 🤷‍♂️ 🤦‍♀️with covid support?

 
If you want to get back on track with some 🔥hot-dang 🔥advice from some tip-top finance bods, try this tax talk event from our friends at AccountingWEB …..
 
Taking place this 💥Thursday 💥 the 13th 💥 at 9am 💥
 
 
😍😍 Enjoy! 😍😍

Bookkeeping Bites – The Power of Gin

🤩Phew🤩Another end to the week🤩
 
Sit back, have a 🍸GIN 🍸– and marvel in the 💪POWER 💪of the stuff!!
 
Like, did you know gin can increase your metabolic rate by 💥17%💥???
 
We swear, it is pure magic!
 
Find out more here…https://www.rsvplive.ie/life/drinking-gin-tonic-can-speed-23810261
 
😍😍😍 Happy Friday everyone 😍😍😍

Bookkeeping Bites – Self-Employed Grant SCAM!

🤓 “HMRC SEISS Tax Refund Notification” ✅ Sounds good, right?
🤓 Official-looking Gov.uk logo, typeface and format? ✅ Looks good right?
💥❌Wrong❌💥 Its a new phishing scheme and if you are self-employed and looking to claim the 4th SEISS grant, you need to know about it!!
❗️Its an email…. ❗️Its an invite… ❗️To “follow step 1 of 3 to have your tax refund credit to your bank account”
💥💥Errrrrrrr 💥💥WRONG 💥💥 Do not do it 💥💥
Find out more here from our friends at AccountingWEB this article
💥 PROTECT YOURSELF 💥 If you are not sure, speak to your accountant… Or call Big G HMRC to double check…
😍😍😍 Stay safe everyone 😍😍😍

Bookkeeping Bites – April Accounting Jargon Craziness!

🐰🐰‘Rabbit…..Rabbit…..Rabbit’ 🐰🐰 April is a month of never ending of accounting jargon and we are well into the thick of it…

💥Year start 💥Year end 💥 minimum wage increase💥 tax return 💥 19th April 💥 Profit and loss checks 💥 EPS 💥 Balance sheet checks 💥Tax code changes 💥5th April 💥Year end payroll 💥 6th April 💥 P60 💥

Phew! It is exhausting – thank goodness you are here May!!

❤️🧡 Have a great bank holiday weekend everyone 🧡❤️

😍😍😍 Stay safe 😍😍😍

Bookkeeping Bites – Devil is in the 4th Grant Detail!

 The 4th Self-Employed Income Support Scheme  (SEISS) is here

But, whoa there 👨‍🌾 cowboys 👨‍🌾 and 👩‍🌾 cowgirls 👩‍🌾 Before you plough in and just 💥 click n claim 💥….

Do you know about these two gems???

🤓 REASONABLE BELIEF? 🤓

🤓 This is where Big G states you must 💥 REASONABLY BELIEVE 💥 you will suffer a significant reduction in trading profits due to the old C-Dawg between 💥 1st Feb and 30th April 💥

And this little cherub….

🤓 SIGNIFICANT REDUCTION? 🤓

🤓 This is where Big G is asking you to decide if, between 💥 1st Feb and 30th April 💥 the corona virus will cause a 💥 SIGNIFICANT REDUCTION 💥 in your trading profits for the tax year….

And the 🔑 key thing 🔑 You need to make sure BOTH apply 💥 BEFORE YOU MAKE A CLAIM 💥 for the 4th grant…

So, it ain’t so simples this time around…

“Will Big G actually check?” We hear you shout…

Well, the answer is  YEP! There is FIRM BELIEF Big G  WILL  be monitoring your profits in FUTURE tax returns to look back and make sure you fit this criteria…

Check out some examples from HMRC here if you are not sure:

Proceed with caution… And if you ain’t sure, speak to your Accountant…

😍😍😍 Stay safe everyone 😍😍😍

Bookkeeping Bites – Free Stuff!!

❤️🧡💛 We all love 💥 free 💥stuff right? 💛🧡❤️

🤓 What about the free stuff that helps you be a better business owner?

🤓 Companies House offer FREE webinars on all sorts of stuff……..

🤓 And if you are quick, their shindig today at 10.30am today is run by the Intellectual Property Office ….

🤓 Y’know trademarks, patents and all that stuff

Find out more at Big G’s gaff here:

You’re welcome – always good for accounting tips us!

😍😍😍 Stay safe everyone 😍😍😍

Bookkeeping Bites – New Minimum Wage Rates!

As of 1st April 2021, #minimumwage rates WENT ⬆️UP⬆️ for both the

 
🤓 National Minimum Wage AND
 
🤓 National Living Wage
 
🤓 From 💥£8.72 💥 an hour in 2020/21
 
🤓 To 💥£8.91 💥an hour for 2021/22.
 
Do you need to give your staff a #payrise
 
For Big G’s information, check out this article here
 
😍😍😍 Stay safe everyone 😍😍😍

Bookkeeping Bites – Furlough for More!

💥 Furlough top tip here! 💥
 
Did you know You can 💥 ADD 💥 more employees to be furloughed from the 1st May??
 
🤓 All you need to do is make sure is that the employees you wish to furlough from 1st May
 
Were included in a payroll Real Time Submission (RTI) to Big G #HMRC
 
By 2nd March 2021
 
🤓 Simples, no?
 
For the low down on the changes in furlough, check out AccountingWEB  useful article here
 
😍😍 Stay safe everyone 😍😍

Bookkeeping Bites – Sign Up for the VAT Payment Scheme

💥Defer your VAT  payment between 20th March and 30th June last year?

💥Want to pay it back over 10 instalments?

Then you need to join Big G’s VAT deferral payment scheme for your deferred VAT payment!!

💥 It is super easy to do 💥

🤓 Log into your business’s Government Gateway account
🤓 Go to the VAT section (you need to have added this tax to your account before you can do this)
🤓 Choose the link for joining the new VAT deferral payment scheme
🤓 Follow the steps!
🤓 You can choose how many instalments you pay over
🤓 You can choose the payment date
🤓 You can print out the agreed payment plan!

And if you join the scheme BEFORE the 💥 21st April 💥 you can choose to pay over  TEN INSTALMENTS 

💥 DON’T DELAY 💥 to get the most out of this scheme, every little helps…

For more info from Big G, check out this link

😍😍😍 Stay safe everyone 😍😍😍