+ more in the know September 2021
A round-up of news from across the RfM group
Proud to have made a difference
By the time the furlough scheme closes at the end of this month, our Payroll team and colleagues will have reached an unbelievable milestone: they have made claims totalling over £4 million of furlough support for our clients. This has been vital to keeping companies keep going and saving jobs.
The temporary 5% VAT rate ends soon – are you ready?
As Hospitality and Tourism trade slowly starts to return to normal, VAT will increase to 12.5% from 1 October. You should prepare for the change now.
Auto-enrolment: what should you be doing now?
Pandemic or no pandemic, employers still have to fulfil their Pensions auto-enrolment obligations. Here’s a reminder of what you should be doing now.
Should you declare income from your side hustle?
Furlough and flexible working has afforded people more time to turn their hobby into a nice source of extra income. But what’s the position on side hustles and tax?
Claiming for working from home expenses in 2021/22
Employees wishing to claim tax relief for working-from-home expenses (not covered by their emoloyer) in the current tax year will need to make a new claim.
Carrying back losses: A cash flow gain?
A temporary change to the rules on carrying back trade losses was announced in this year’s Budget. Unlocking tax relief could mean a considerable cash flow plus for businesses hit by the pandemic.
Reviewing your SEISS claims
As the Self-employment Income Support Scheme comes to a close, HMRC will continue to rigorously check claims for the most recent SEISS grants.
Watch out for COVID-19 HMRC scams
Scam texts, emails and phone calls claiming to be from HMRC are on the rise. Here’s how to spot a scam and prevent the fraudsters stealing from you.
HR: the rules on giving (and taking) holiday leave
How flexible do employers have to be when it comes to giving staff time off? Take a few minutes off yourself to brush up on the facts about employee holiday entitlement.
As our business and service offer grows, we’re committed to nurturing the talents of our people so that they grow with us. Sam Stocker, our Business Transformation Consultant, is a wonderful example of this.
Protect your loved ones against the ‘what ifs’
What if, whilst dealing with their loss, your loved ones also had to deal with the prospect of losing the family home and their financial security?
Independent mortgage advisor vs a bank – the facts
If you’re thinking of applying for a mortgage, you may be wondering which route to go down to get the best deal: through an independent advisor or applying direct to a bank.
Making Tax Digital: where are we now?
HMRC’s flagship programme to move all its tax services online has seen many stops and starts over the years. So where are we up to now with Making Tax Digital?
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.
Tax Rate Guide 2021/22
Our handy online tax rate guide contains all the tax and statutory payment rates you need for the 2021/22 tax year.
View tax rates here
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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