Insights

Construction Sector Report

Construction Sector Report

The latest Construction Sector Report by our colleagues at MHA shows a stark divide in today’s Construction sector, between those who were able to capitalise on the opportunities presented by COVID-19, and those who struggled to finance their way through lock down. To...

Tax Relief for Your Capital Expenditure

Tax Relief for Your Capital Expenditure

If you are planning any significant capital expenditure you should ensure it is before 31 December 2020 to maximise tax relief. The current £1m Annual Investment Allowance (AIA) limit is only available for qualifying expenditure incurred in the two calendar years -...

Deadline Approaching for Notifying HMRC of Overclaimed JRS

Deadline Approaching for Notifying HMRC of Overclaimed JRS

Organisations that have overclaimed a Job Retention Scheme grant and have not yet notified HMRC should act now. You must notify HMRC by the latest of either: 90 days after the date you received the grant you were not entitled to 90 days after the date you received the...

Invest NI Operated Support Schemes Launched

Invest NI Operated Support Schemes Launched

Two new initiatives operated by Invest NI open today. Digital Selling Capability Grant The £1 million Covid-19 Digital Selling Capability Grant will provide a maximum grant of £20,000 to eligible small and medium-sized retailers to support 50% of eligible costs....

New Government Support Schemes

New Government Support Schemes

Covid-19 Recovery Revitalisation Scheme The Department for Communities and the Department of Agriculture, Environment and Rural Affairs have announced an investment of £11m to support organisations in their economic recovery from the impacts of Covid-19. The funding...

Furlough Scheme Update

Furlough Scheme Update

As summer turns to Autumn, the end of the UK Government’s Coronavirus Job Retention Scheme is also soon to come to an end. We already know that since June 2020, the scheme has been closed to new entrants, and it is currently due to close entirely on 31 October 2020....

Who Do You Trade With?

Who Do You Trade With?

By Angela Keery, Tax Director Time for businesses to refocus on Brexit Earlier this year most of us moved from considering Brexit to battling Covid-19 and all of the ways it has impacted business in Northern Ireland, relegating any Brexit planning to “another day”....

Help With Business Rates

Help With Business Rates

During the 2020-21 rating year most business ratepayers in Northern Ireland will benefit from a 4-month rates holiday and many from a 12-month rates holiday as part of the NI Executive’s support measures offered to businesses as they deal with the impact of COVID-19....

Job Retention Bonus – Government Update

Job Retention Bonus – Government Update

On 31 July, the Government released an outline paper with more detailed guidance on the Job Retention Bonus announced by the Chancellor as part of the 'Plan for Jobs' on 8 July. The Job Retention Bonus is designed to provide additional support to employers who keep on...

Cutting costs — without cutting staff

Cutting costs — without cutting staff

In the heat of a financial crisis, such as the one we are presently going through, companies must focus on their financial viability. When businesses run into financial difficulties and need to reduce costs, the knee-jerk reaction is often to consider the scope for...

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