Accountancy News

AFS Accountants – Office re-opening

Over the last few months AFS Accountants has followed Government guidance and closed the office. With the easing of restrictions we are beginning the journey back to some kind of normality and will be opening the office on a gradual basis commencing on 6 July from 9am to 1pm Monday to Thursday, albeit with reduced [...]

By |2020-07-01T11:21:27+00:00July 1st, 2020|Accountancy News|0 Comments

Latest update on Government support for businesses

Self-employment Income Support SchemeThe Government has today issued guidance on eligibility for the above scheme and how the funds can be accessed via the following webpage: you are self-employed and think you may be eligible, go on to the below link and follow the instructions to check your eligibility. You will need your Self Assessment [...]

By |2020-05-06T06:36:19+00:00May 6th, 2020|Accountancy News|0 Comments

Coronavirus Job Retention Scheme

The Government website is live to enable companies to make furlough claims.If AFS Accountants processes your payroll we will have been in touch regarding making a claim.Latest guidance can be found at: calculator can be found at: can be made through:

By |2020-04-21T11:25:29+00:00April 21st, 2020|Accountancy News|0 Comments

VAT payments deferred

All UK businesses are eligible to defer VAT payments falling due between 20 March and 30 June 2020. Taxpayers will be given until the end of 2020/21 to pay any liabilities that have accumulated during this period. VAT refunds and reclaims will still be paid during this time. Action - if you pay VAT by [...]

By |2020-03-27T16:31:06+00:00March 27th, 2020|Accountancy News|0 Comments

Coronavirus support 27 March 2020

Self-employed As you are no doubt aware, yesterday the Government announced a package of measures to help the self-employed. The headlines are: • Taxable grant worth 80% of average trading profits for last three years up to a maximum of £2,500 per month payable for the next 3 months (but may be extended) • Trading [...]

By |2020-03-27T11:54:11+00:00March 27th, 2020|Accountancy News|0 Comments

Office closure

At AFS, the health, wellbeing and safety or our clients and staff are our main priority. Sadly in light of recent Government instructions, as anon-essential business we have to temporarily close our office until further notice in order to help prevent the spread of coronavirus. We will be monitoring emails so please do contact us [...]

By |2020-03-24T11:40:38+00:00March 24th, 2020|Accountancy News|0 Comments

Coronavirus support 23 March 2020

The Government continues to release measures to help businesses, the latest being contained in the link and includes the following: Coronavirus job retention scheme Subject to certain criteria, the Government will pay 80% of qualifying employee wages. Further details and how to apply have yet to be released but it is likely to be [...]

By |2020-03-23T10:56:32+00:00March 23rd, 2020|Accountancy News|0 Comments

Rental property loan interest

From April 2017 the restriction on loan interest as an expense for rental properties owned by individuals, trusts and partnerships began a graduated implementation. In the 2019/20 tax year there is a 25% finance costs deduction against the rental income and 75% is given as a basic rate deduction against tax due. In 2020/21, none [...]

By |2020-03-18T07:51:51+00:00March 18th, 2020|Accountancy News|0 Comments