Changes to the Coronavirus Job Retention Scheme from 1st August 2021

From 1 August 2021, the government will pay 60% of wages up to a maximum cap of £1,875 for the hours the employee is on furlough.
The 60% support will continue until the end of September.

Employers can still choose to top up employees’ wages above the 80% level or cap for each month if they wish, at their own expense.

As September is the final month for the CJRS all claims for September must be submitted by 14th October.

Income Tax Self-Assessment – ITSA

If you currently have rental income or are currently self-employed, with an income from either source in excess of £10k then from April 2023 you will have to make several returns to HMRC throughout the year. In addition, you may also have to complete an Annual Self-Assessment Tax Return.  We Recommend those affected contact us to discuss their situation in order they have sufficient time to practice and prepare for this change.

Are you Employed and working from home?  Are you claiming your working from home allowance?

This is £6 per week tax-free.  HMRC has confirmed that as long as you are required to work from home you can still claim the full years allowance.  If you feel your bills for working from home exceed the £6 per week, we can claim more back but we must provide proof of this.  Please note, it is possible for your employer to pay you this as a tax-free allowance.

You are not alone!

We know its a challenging time. We know it can feel lonely running a business, even if you are part of a team.

We are here to help and support all businesses from new businesses to multi-million pound firms.

We also know that advice costs money. We do our best to provide full support for businesses at a fair cost.

If you feel it may be time to change advisors, please contact us.

Being both friendly and professional our team looks after our clients to the best of our ability.

We use all modern techniques, such as Zoom, Teams and email as well the phone.

We support most common software whether its online or desktop. We offer bookkeeping services, payroll services and much more.

We do our best to keep our costs down, unlike some professionals, where costs have more than doubled in the last year or so.

During the current crisis of Covid-19 we have been open for business the whole time. Our staff work well from home and we have a great IT system that allows us to work as if we were in the office.

We do meet clients in the office by appointment when we can. We all want to be safe, so if we can, using video calling is a very efficient way of meeting.

Please ring us for a chat.

Have you recently started your own business?

Many people have started their own business in the last few months. You will have great ideas and know your market. We are here to help you make your business successful. We support all business with advice on bookkeeping, payroll, accounts and tax returns.

We deal with companies just setting off and those well established businesses.

Being friendly we should not baffle with jargon. We speak English rather using the fancy accountancy words.

Even if you have used an accountant who may have formed your company, is it set up for your needs.

Please call us, we use Teams, Zoom, phones and email to communicate.

VAT and Tax Advice

In an era where the threat of penalties and interest is likely to accompany any error, businesses and individuals cannot afford to make mistakes when it comes to VAT and Tax.

Payroll

Nigel Ricks & Company offers fully managed payroll solutions to all organisations, designed around you to meet your needs.

Accountancy

We deal with all types of organisations, whether it is established as a Sole Trader, a Partnership, or a small limited company or a charity.