+ more in the know April 2021
A round-up of news from across the RfM group
What financial help is available to businesses and the self-employed?
Despite having now passed the 1-year anniversary of the first UK lockdown, many businesses continue to feel the financial impact of coronavirus. Here's a summary of the financial support schemes available to help businesses and the self-employed stay afloat and ‘bounce back’.
Key facts about the extended furlough scheme
The extension of the furlough scheme will be welcome news to the many businesses who have claimed support to pay their staff and protect jobs. Here's what you need to know.
SEISS grant claims – a quick health check
The pace of the SEISS grant scheme roll-out, combined with changes to the rules, could lead to claim errors. Review our checklist to ensure you are paid the right amount.
Time to invest in plant and machinery?
What is the new 'super-deduction'? Put simply, for every pound a company invests in new plant and machinery, their taxes will be cut by up to 25p.
A good time to explore your Business Tax Account
If you've not yet had a chance to fully explore your Business Tax Account, now is a great time to log on and discover all the things you can use it for.
Corporation Tax set to go digital
We’ve already got MTD for VAT and now, following the recent consultation process, Making Tax Digital for Corporation Tax is on its way.
New rules for Construction companies now apply
Two major changes for Construction companies – designed to tackle VAT fraud and abuse of the CIS scheme rules – have now come into effect.
SME R&D tax credit claims capped
Government concern about abuse of SME R&D tax credits has resulted in a cap on the amount of relief that can be claimed in any period.
Transform your HR with made-to-measure advice
As many HR providers gear their services toward larger companies, you could find yourself locked into an expensive long-term contract for services you don’t need and will never use.
Remember all that fuss about GDPR?
If you’re still a bit in the dark about the new data protection rules or have let your GDPR practices slip, it’s time to take action. Here are 4 things you can do today.
What’s mine is yours… the problem with Mirror Wills
It is common practice for couples to leave everything to each other in their Wills. However, such an arrangement may not protect your children from losing their inheritance in the future.
Why you should cross 'Make a Will' off your to-do list
Most people understand the importance of making a Will – but many simply haven't got around to it. Sadly, putting it off until tomorrow could mean your loved ones lose out.
The benefits of supply chain mapping
Do you know where every item you need to bring your product to market comes from? Can you trace every step of its journey to you, from raw materials to finished goods? We explain why supply chain mapping is a useful tool for smaller businesses.
Get + more from us - A guide to our added-value services
+ more is the RfM ethos. We use it to sum up our ‘can do’ attitude and commitment to add value wherever we can. We looked carefully at what our clients needed and introduced a suite of added-value services to complement our traditional accounting offer.
New tax year, new tax rates
6 April is the start of the new tax year and the date when changes to tax rates and allowances usually come into effect. You can find details of all the rates for the 2021/22 tax year in our helpful online Tax Rate guide.
Our offices
RfM Preston 01772 431233
120-124 Towngate, Leyland, Lancashire PR25 2LQ
RfM Ulverston 01229 582149 Bellevue, Prince's Street, Ulverston, Cumbria LA12 7NB
RfM Barrow 01229 820003 117 Duke Street, Barrow in Furness, Cumbria LA14 1XA
RfM Fylde 01253 790527 Summerdale, Head Dyke Lane, Pilling, Preston, Lancashire PR3 6SJ
RfM Morecambe & Lancaster 01524 566190 39 Northgate, White Lund, Morecambe, Lancashire LA3 3PA
RfM South Lakes 01539 445412 2 Windermere Works, Oldfield Court, Windermere, Cumbria LA23 2HJ
RfM Manchester 0161 549 9020 Colony, 5 Piccadilly Place, Manchester M1 3BR
RfM London 07708 335174 5 Wormwood Street, London EC2M 1RQ
RfM International 01772 431233 email UK.Ireland@dezshira.com
Our added-value services
RfM Transform 07969 900864
email tbackhouse@rfm-more.co.uk
RfM Legal Services 01772 431233 email srigden@rfm-more.co.uk
RfM Mortgage Services 01772 431233 email srigden@rfm-more.co.uk
Generally, RfM refers to the network of member organisations, each of which is a separate and independent legal entity. Member organisations are not members of one legal partnership and are only liable for their own acts and omissions, and not those of each other. This email and related stories on our website, rfm-more.co.uk, are designed for the general information of readers. The information represents RfM's present understanding of current and proposed legislation and HM Revenue and Customs practice. Whilst every effort has been made to ensure accuracy, information contained in this email and in related stories on our website may not be comprehensive and recipients should not act upon it without seeking professional advice from their usual adviser. RfM is not authorised under the Financial Services and Markets Act 2000 but, because we are licensed by the Institute of Chartered Accountants in England and Wales, we are able to offer a limited range of investment services to clients if they are incidental and / or complementary to, or arise out of, the other professional services we have been engaged to provide. It is our policy to refer investment business, excluding corporate finance work, to Financial Advisers, authorised and regulated by the Financial Conduct Authority. The Financial Adviser will take full responsibility for compliance with the requirements of the Financial Services and Markets Act 2000.
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