Entries by Liric Accountants

Autumn 2021 – Budget Report

Yesterday the Chancellor Rishi Sunak presented his third Budget and set out plans to “build back better” – whilst there was not a lot of new information, our Budget Report summary recaps  the current tax rules and forthcoming changes.

2021 Budget Review

With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021 Budget against a backdrop of ongoing economic hardship. Our Budget Summary (see the link at the bottom of the page) provides an overview of the key announcements arising from the Chancellor’s speech. Measures for businesses include the […]

C19 Business News Update

Today face masks become compulsory on public transport in England and the Government has outlined its recovery strategy. The Coronavirus job retention scheme rules (CJRS) are changing, and these are outlined below and other Government news. At the end of the newsletter are details of allowable expenses for home working. Please contact us if you […]

THE CORONAVIRUS JOB RETENTION SCHEME (CJRS) IS CHANGING! – Written 29 May 2020

UK Chancellor Rishi Sunak outlined changes to the furlough scheme during the daily press briefing (29 May 2020). The Chancellor stated that in June and July the furlough scheme will continue as before, but employers will be asked to cover National Insurance and employer pension contributions in August. By September, businesses will pay 10% of […]

SELF-EMPLOYED GET SECOND GRANT FROM GOVERNMENT – Written 29 May 2020

Chancellor Rishi Sunak has said self-employed workers across the UK will be able to access a second Grant from the government to cover lost income while the country is in lockdown. The grants paid out by the Self-Employment Income Support Scheme (SEISS) will be worth 70% of a self-employed person’s average monthly trading profits to […]

Thank you for your positive feedback!

It’s been a very unusual last couple of months – the Liric team have learned so many new things – who knew what the word Furlough meant at the beginning of March ?? We have been constantly keeping you up to date with Government announcements, providing guidance on the implications for you and your business,  […]

Coronavirus government support update

Currently, most of the questions being asked of us are in respect of the support available for employees.  Whilst the guidance provided by the Government has been updated, there is still a lot we do not know and are probably not going to get black and white answers to, for all situations. However, I thought […]

Directors and Furlough – update 30.3.20

There is one question we have been asked more than any other by directors since the furloughing guidelines were issued… Can I furlough myself? We would like to share our updated thoughts on this subject and why you don’t have to (completely) make your mind up just yet. Download the PDF with more information below: […]