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July 2020 Self-Assessment Payment on Account

July 2020 Self-Assessment Payment on Account

In measures to help small businesses through the COVID-19 pandemic, HMRC announced that the usual 31 July 2020 self-assessment payment on account can be deferred to 31 January 2021. How does it work? You have to make 2 payments on account every year towards your...
ONS reports ‘alarming’ slump in self-employed numbers

ONS reports ‘alarming’ slump in self-employed numbers

The number of self-employed people in the UK has seen a record decrease in the last few months, data from the Office for National Statistics shows. Estimates for March to May 2020 showed a total of 4.85 million people were self-employed – a decrease of 178,000...
VAT cut kicks in for certain sectors

VAT cut kicks in for certain sectors

A temporary cut to the standard rate of VAT for businesses in the food, drink, hospitality and tourism sectors has come into force.  Chancellor Rishi Sunak used last week’s economic update to announce the measure, which reduces the main rate from 20% to 5% until...
9 big reasons to get your accounts completed NOW!

9 big reasons to get your accounts completed NOW!

One of the most important times of the year for any self-employed person or company director is January – tax month! It can be super stressful if you don’t get your accounts sorted in time for the new year – it really is a case of ‘ the sooner...

Important Update - COVID 19

Our office is temporarily closed. We are all working from home and can be contacted by email. Our contact details are: Christie@jolliffes-accounting.co.uk; Lisa@jolliffes-accounting.co.uk; Helen@jolliffes-accounting.co.uk (Payroll); Jackie@jolliffes-accounting.co.uk (Book Keeping) and Adrienne@jolliffes-accounting.co.uk (Book Keeping)