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Category: Payroll

Kim Richards Joins BK Plus

One of the regions newest and fastest growing accountancy firms has announced a new service offering, which will support businesses with their banking, financing and restructuring needs. David Baldwin and Shaun Knight launched BK Plus Limited only 4 months ago.  The team is already 45 strong and it continues to grow.  Announcing their first acquisition […]

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Introducing Gary, Chris & Their Team.

Gary Powell and Chris Blue, with a combined 50 years of experience, (7 of those working together in a Top 10 accountancy firm) have joined the BK Plus team! Gary and Chris specialise In adding value to SMEs with growth planning, structural changes and to help tailor growth plans. Gary and Chris previously ran a […]

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Welcome On Board

After launching the business back in February this year, we have had more than 40 amazing people join us at BK Plus to support the demand that we have seen from clients.

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Biggest tax cut ever? The new super deduction

‘Bold and unprecedented’. That was the Chancellor’s description of the new 130% super deduction for expenditure on new qualifying plant and machinery announced in the Budget. The headlines were that for every pound invested, tax is cut by up to 25p. But what are the terms and conditions, how does it sit alongside the usual rules on capital allowances – and is it the give-away it’s been made out to be?

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Are you Eligible for a Restart Grant?

On 29th March 2021 the Government announced the launch of The Restart Grant scheme that supports businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors with a one-off grant, to reopen safely now that COVID-19 restrictions are starting to be lifted.

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Furlough

With furlough due to end in April, It is expected that Furlough will be extended though to September 2021 supporting the ‘protect Jobs’ theme of the Budget. This means that the government will continue to pay up to 80% of wages with a maximum of £2500 a month. If furlough is extended it is likely that we see the fourth round of Self Employed Income Support Scheme (SEISS) will be announced.

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What can we expect from the Budget 2021

This could be the most awaited budget after the year we have had. Will the full road map to recovery be outlined with what support the government will be offering to businesses. The pandemic has had such crippling effect on business of all sizes and sectors, it seems that no one is coming out of this unscathed.

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CIS VAT Reverse Charge

The construction industry will see a huge change in how they charge VAT from the 1 March 2021 If your business is supplying building and construction industry services and are VAT registered and trading in the UK these changes will apply to you.

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