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1 week ago

Biking Bookkeeper

Wigan Council Discretionary Grant

Eligible Wigan based businesses can now apply for the final phase of their Local Authority Discretionary Grants Fund.

This is an additional fund to the Small Business Grant Fund (SBGF) or the Retail Hospitality and Leisure Grant Fund (RHLGF), and it is aimed at supporting some of the small businesses who were not eligible for those grants, but who also have relatively high ongoing, fixed property-related costs, and have suffered a significant fall in income due to the COVID-19 crisis.

The deadline for applications has been extended to Thursday 20 August. www.wigan.gov.uk/Business/Business-Support/COVID-19-Discretionary-Business-Grant.aspx

To qualify you must meet the following criteria -

Businesses awaiting Valuation Office assessment that subsequently were not eligible for a Small Business Grant or Retail Hospitality & Leisure Grant
The applicant is the owner or director of the applying business
The applicant currently leases or owns business premises / a business work base within the Wigan borough The business has not previously received a Discretionary COVID Grant award
The business employs a total of less than 50 people (full time equivalent)
The business can adequately demonstrate significant loss of income due to Coronavirus restriction measures
The business has rental or mortgage costs no less than £100.00 per calendar month
The business is not in administration, insolvent or subject to a striking-off notice
The business complies with State Aid rulesThe business was trading on 11th March 2020.

If you were stuck with your profit and loss account and balance sheet, you can find help here

Biking Bookkeeper Ltd
07964 758740
maps.app.goo.gl/BAjTMViN53NYJpKs5

Www.bikingbookkeeper.co.uk
...

Wigan Council Discretionary Grant 

Eligible Wigan based businesses can now apply for the final phase of their Local Authority Discretionary Grants Fund. 

This is an additional fund to the Small Business Grant Fund (SBGF) or the Retail Hospitality and Leisure Grant Fund (RHLGF), and it is aimed at supporting some of the small businesses who were not eligible for those grants, but who also have relatively high ongoing, fixed property-related costs, and have suffered a significant fall in income due to the COVID-19 crisis.

The deadline for applications has been extended to Thursday 20 August.  https://www.wigan.gov.uk/Business/Business-Support/COVID-19-Discretionary-Business-Grant.aspx

To qualify you must meet the following criteria -

Businesses awaiting Valuation Office assessment that subsequently were not eligible for a Small Business Grant or Retail Hospitality & Leisure Grant
The applicant is the owner or director of the applying business
The applicant currently leases or owns business premises / a business work base within the Wigan borough The business has not previously received a Discretionary COVID Grant award
The business employs a total of less than 50 people (full time equivalent)
The business can adequately demonstrate significant loss of income due to Coronavirus restriction measures
The business has rental or mortgage costs no less than £100.00 per calendar month
The business is not in administration, insolvent or subject to a striking-off notice
The business complies with State Aid rulesThe business was trading on 11th March 2020.

If you were stuck with your profit and loss account and balance sheet, you can find help here 

Biking Bookkeeper Ltd
07964 758740
https://maps.app.goo.gl/BAjTMViN53NYJpKs5

Www.bikingbookkeeper.co.uk

1 month ago

Biking Bookkeeper

Quite interesting updates.

1. Businesses will be paid a £1,000 bonus for every furloughed employee they bring back to work, the chancellor has announced. Rishi Sunak told the House of Commons said the bonus would apply to employees paid enough to reach the lower earnings limit for paying national insurance.

2. Plans to lift the stamp duty threshold that would exempt most UK home buyers from paying any tax on their purchase have been trailed by Chancellor Rishi Sunak.

He is expected to announce the move, which will temporarily raise the level at which people start paying stamp duty from £125,000 to £500,000, this Wednesday, according to The Times.

3. Rishi Sunak also announces cuts to VAT on food, accommodation and attractions by 15%. The chancellor said: "All these and more will see VAT reduced, from next Wednesday until January 12th, from 20% to 5%."
...

1 month ago

Biking Bookkeeper

Businesses will be paid a £1,000 bonus for every furloughed employee they bring back to work, the chancellor has announced. Rishi Sunak told the House of Commons said the bonus would apply to employees paid enough to reach the lower earnings limit for paying national insurance. ...

2 months ago

Biking Bookkeeper

I have just received a call from a private number. The guy introduced himself as my client, however me and my client speak Czech and this guy spoke English. I asked "Why are you speaking English?" and he put the phone down.

Straight away I contacted the aforementioned client, and he had also received a call from a private number - probably from the same guy - stating that he owes over £3k to HMRC on tax. After my client requesting correspondence from HMRC to confirm the value, the guy put the phone down.

It seems that text messages and emails don't work as much anymore, so calls we are receiving now, awful.

These people have absolutely no issue to scam anyone.

Be careful, HMRC sends you an email to login to your account or sends you post. NEVER pay anything by card via phone to HMRC.
...

3 months ago

Biking Bookkeeper

Self employment support advice from HMRC ...

3 months ago

Biking Bookkeeper

Update fro HMRC today 04/05/2020

This week HMRC will start contacting people who may be eligible for the new Self-Employment Income Support Scheme.

If they are eligible, this scheme will allow you to claim a taxable grant worth 80% of their trading profits up to a maximum of £7,500.

The process is quick and easy for you to follow, but HMRC is asking for our help in guiding you through the eligibility criteria and the process for checking and claiming.

Advising clients

We can play an important role in supporting you by helping you get ready to claim, by:

• talking you through why you may / may not be eligible
• helping you to find the details you need
• using the online eligibility checker on their behalf (or supporting you to use it yourselves).

Under the rules of the scheme, not every self-employed person will be able to claim, so we will support you in helping you understand this. You must complete the claim yourselves.

See HMRC updated guidance on GOV.UK for information on eligibility, how you will make a claim and how we calculate the grants.

Those who are ineligible

This is a very challenging time and some people may be disappointed if they are not eligible. We will help you in explaining the reasons why, and helping you find alternative support.

You may be able to:
• delay VAT payments
• delay your Self Assessment payment on account
• arrange to pay your Self Assessment tax bill in instalments
• get a payment from the Small Business Grant Fund
• get a loan from the Business Interruption Loan Scheme or Bounce Back Loan
• get Universal Credit
• apply for Employment and Support Allowance (ESA)
• apply for Child Benefit.

HMRC have worked hard to ensure you've identified the right people who are eligible, but of course you will be able to ask for a review, or we can ask for a review on their behalf. If we or you ask for a review, HMRC will look at your case from 18 May and explain your eligibility by the end of May.

Scams

HMRC are aware of an increase in scam emails, calls and texts. Eligible customers will be invited to claim through GOV.UK – it is the only service you can use. If someone gets in touch with you claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or bank details, you should not respond. It is a scam.

Suspicious emails claiming to be from HMRC should reported to HMRC by sending them to phishing@hmrc.gov.uk. Texts should be sent to 60599.

We will write again in the next few days with more information on the claim process, but in the meantime, thank you for your help in supporting the launch of this new scheme.

Team of Biking Bookkeeper and HMRC
...

Update fro HMRC today 04/05/2020

This week HMRC will start contacting people who may be eligible for the new Self-Employment Income Support Scheme.

If they are eligible, this scheme will allow you to claim a taxable grant worth 80% of their trading profits up to a maximum of £7,500.

The process is quick and easy for you to follow, but HMRC is asking for our help in guiding you through the eligibility criteria and the process for checking and claiming.

Advising clients

We can play an important role in supporting you by helping you get ready to claim, by:

• talking you through why you may / may not be eligible
• helping you to find the details you need
• using the online eligibility checker on their behalf (or supporting you to use it yourselves).

Under the rules of the scheme, not every self-employed person will be able to claim, so we will support you in helping you understand this. You must complete the claim yourselves.

See HMRC updated guidance on GOV.UK for information on eligibility, how you will make a claim and how we calculate the grants.

Those who are ineligible

This is a very challenging time and some people may be disappointed if they are not eligible. We will help you in explaining the reasons why, and helping you find alternative support.

You may be able to:
• delay VAT payments
• delay your Self Assessment payment on account
• arrange to pay your Self Assessment tax bill in instalments
• get a payment from the Small Business Grant Fund
• get a loan from the Business Interruption Loan Scheme or Bounce Back Loan
• get Universal Credit
• apply for Employment and Support Allowance (ESA)
• apply for Child Benefit.

HMRC have worked hard to ensure youve identified the right people who are eligible, but of course you will be able to ask for a review, or we can ask for a review on their behalf. If we or you ask for a review, HMRC will look at your case from 18 May and explain your eligibility by the end of May.

Scams

HMRC are aware of an increase in scam emails, calls and texts. Eligible customers will be invited to claim through GOV.UK – it is the only service you can use. If someone gets in touch with you claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or bank details, you should not respond. It is a scam.

Suspicious emails claiming to be from HMRC should reported to HMRC by sending them to phishing@hmrc.gov.uk. Texts should be sent to 60599.

We will write again in the next few days with more information on the claim process, but in the meantime, thank you for your help in supporting the launch of this new scheme.

Team of Biking Bookkeeper and HMRC

3 months ago

Biking Bookkeeper

One of the first clients who sent me a confirmation of successful online registration ready for COVID-19 claim for self employed.

Please don't delay, so we're ready for the 14th May 2020.
...

One of the first clients who sent me a confirmation of successful online registration ready for COVID-19 claim for self employed. 

Please dont delay, so were ready for the 14th May 2020.

3 months ago

Biking Bookkeeper

REGISTER OR ACTIVATE YOUR GOV.UK ACCOUNT TO ACCESS YOUR SELF ASSESSMENT TAX OVERVIEW

Hello everyone i hope you are all well and healthy.

We've just learnt from ICB that HMRC isn't quite sure if agents will be allowed to claim the covid 19 for self-employed grant for their clients.

As such it's been recommended for all self employed to register or activate their account at gov.uk. If they haven't done so already.

If you never registered follow this link: www.gov.uk/log-in-file-self-assessment-tax-return/register-if-youre-self-employed

Follow instructions on the screen and once you receive your user ID, you should receive an activation code by post in due course. Please note there is an expire date on this activation code, please make sure you activate it prior its expiration.

If you do have an account, please login and activate the self assessment tax return section.

If you haven't seen it before yet or are still unaware HMRC set up a scheme, that will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will be available for 3 months, but may be extended.

Please note, however: The online service you’ll use to claim is not available yet. HMRC will aim to contact you by mid May 2020, and will make payments by early June 2020.

more information can be found here: www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support...

You may wish to claim yourself, however we are here to help should you need some support.

stay safe.

Team of Biking bookkeeper
...

REGISTER OR ACTIVATE YOUR GOV.UK ACCOUNT TO ACCESS YOUR SELF ASSESSMENT TAX OVERVIEW

Hello everyone i hope you are all well and healthy. 

Weve just learnt from ICB that HMRC isnt quite sure if agents will be allowed to claim the covid 19 for self-employed grant for their clients. 

As such its been recommended for all self employed to register or activate their account at gov.uk. If they havent done so already.

If you never registered follow this link: https://www.gov.uk/log-in-file-self-assessment-tax-return/register-if-youre-self-employed

Follow instructions on the screen and once you receive your user ID, you should receive an activation code by post in due course. Please note there is an expire date on this activation code, please make sure you activate it prior its expiration.

If you do have an account, please login and activate the self assessment tax return section.

If you havent seen it before yet or are still unaware HMRC set up a scheme, that will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will be available for 3 months, but may be extended.

Please note, however: The online service you’ll use to claim is not available yet. HMRC will aim to contact you by mid May 2020, and will make payments by early June 2020.

more information can be found here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

You may wish to claim yourself, however we are here to help should you need some support.

stay safe.

Team of Biking bookkeeper
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