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So far Harris Lacey & Swain has created 2197 blog entries.

How do I pay my staff and deal with tax, NIC, and pensions?

Payroll is a serious consideration for any business. If you're at the point of taking on employees, it's important that you're able to pay them accurately and reliably on a weekly/monthly basis. Failure to do so could lead to problems with tax, employee dissatisfaction, and even litigation in serious cases. But how do you handle payroll? Taking things online Payroll used to be done manually, but this is a laborious and time-intensive process that the modern business owner just simply doesn't have time for. Advances in accounting software technology mean your payroll can now be handled online. If it's set [...]

By |November 26th, 2020|Blog|

Government grant for Customs Training Funding

HMRC have extended the deadline for customs training funding; Applications are open until 30 June 2021 (or until all funding is allocated) The funding can be used towards helping businesses train staff in making customs declarations. The funding is open to businesses that are established in or have a branch in the UK when the grant is paid to you, and for those that have not previously failed to meet tax obligations. To apply for the grants, your business must either complete customs declarations for yourself or someone else (or intend to in the future) and you must import from [...]

By |November 19th, 2020|Blog|

UK Tariffs from 1st January 2021

From 1 January 2021, the UK will apply a UK-specific tariff to imported goods. This UK Global Tariff (UKGT) will replace the EU’s Common External Tariff, which applies until 31 December 2020. The UKGT will apply to all goods imported into the UK unless: An exception applies, such as a relief or tariff suspension the goods come from countries that are part of the Generalised Scheme of Preferences the country you are importing from has a trade agreement with the UK It only shows the tariffs that will be applied to goods at the border when they are imported into the [...]

By |November 19th, 2020|Blog|

The Border with the European Union

The Government produced guidance in July 2020 outlining the implementation of Border controls in three stages for importing and exporting goods. This document outlines the processes for moving goods between GB and the EU from 1 January 2021 onwards, including processes to be introduced in April 2021 and July 2021. Import and export controls are generally reserved, but the areas of food safety, the protection of human, animal and plant health, and the environment, are devolved to the governments of Wales and Scotland. This may lead to some differences in precise requirements and enforcement bodies. From January 2021: Traders importing [...]

By |November 19th, 2020|Blog|

20 point UK Brexit Planning Checklist

There is still some uncertainty as to whether the UK or EU will agree a tariff free trade agreement. Either way UK business will face additional documentation for importing and exporting goods to the EU from 1 January 2021. Planning for the new requirements seems sensible right now. There are also other business matters to consider such as data protection, intellectual property and replacing existing agreements with EU suppliers and customers. Use this 20-point checklist to review your Brexit preparedness and the Government information to prepare actions for 1 January 2021. The Government has published guidance: “The transition period ends [...]

By |November 19th, 2020|Blog|

Supporting Hull Foodbank

At Harris Lacey & Swain, we are proud to announce our support for the Hull foodbank. We are always keen to raise awareness of local good causes and help out in the community wherever we can. This blog post will provide you with more information about Hull foodbank and why it is so important to our area. Why do we need a food bank in Hull? Some people in the UK struggle to put food on the table and feed their families. This issue has only been made worse by the pandemic, as people suffer from job losses and bankruptcy. [...]

By |November 12th, 2020|Blog|

Work from Home tax relief

Home workers could claim tax relief The ongoing Covid-19 pandemic has seen many employees swap the office for home working. If you’ve asked your employees to work from home for safety reasons, they may be entitled to claim tax relief on any additional household expenses they’ve incurred. They can claim if they work at home regularly, either for the full week or for part of the week, including if they have to work from home because of Covid-19. What additional costs are included? Tax relief can be claimed if additional costs are incurred as a result of the employee being [...]

By |November 5th, 2020|Blog|

What are the advantages of Cloud Accounting?

Cloud accounting is becoming more popular as technology develops, and with good reason. Whether you're a business owner, self-employed, or you just want to maximise the efficiency with which you handle your finances, the accounting software has many benefits to offer. Here are just three of the many reasons you should contact Harris Lacey & Swain to learn more about cloud accounting. Making great savings Cloud services can offer you savings in many different ways, but the two most important savings you stand to make are time and money. Using the cloud saves time because it allows you to access [...]

By |November 5th, 2020|Blog|

Job Retention Scheme (CJRS) has been extended

Job Retention Scheme (CJRS) has been extended; Job Support Scheme (JSS) Postponed Following the announcement by the Prime Minister on the 31 October regarding the new lockdown in England for the commencing 4 November, the CJRS has been extended until December. The Grant will ensure employees receive 80% of their current salary for hours not worked, up to a maximum of £2,500. Businesses will have flexibility to bring furloughed employees back to work on a part time basis or furlough them full-time, employers will be asked to cover National Insurance and employer pension contributions. As with the current CJRS, employers are [...]

By |November 2nd, 2020|Blog|

Airbnb reporting property rentals details to HMRC

You may have seen in the newspapers that Airbnb will share data with HMRC about the earnings of hosts for property rentals (those who let out property) on its UK platform in the years 2017/18 and 2018/19. It is anticipated that HMRC will use this data to open enquiries into the tax affairs of individuals who have not declared letting income for 2017/18 and 2018/19. The deadline for opening an enquiry into a self-assessment return for 2018/19 is 31 January 2021, if the return was issued and submitted on time. The discovery rules allow HMRC to go back much further, [...]

By |November 2nd, 2020|Blog|
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