Accessing the Coronavirus Job Retention Scheme

With substantial restrictions for everyone on the circumstances in which we can leave our homes, and many businesses being forced to close, the Chancellor has announced a scheme to reimburse up to 80 per cent of the cost of the wages of ‘furloughed workers’. What is a ‘furloughed worker’? Anyone designated as a ‘furloughed worker’ […]

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Government support help with the economic impact of Coronavirus – Here’s what businesses need to know

In recent days, a whole raft of business support measures have been announced by the Government, designed to help business owners protect their companies and support their employees. Here at Midgley Snelling we have put together a summary of the various support schemes currently available, the eligibility criteria and how you can apply.   Please click […]

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How much can I pay into my Pension?

How much can I pay into my Pension?

Since April 2014 only £40,000 can be paid into your pension each year before you need to pay tax on it and declare it on a self-assessment tax return. This £40,000 includes all money paid into your pension – whether that is invested yourself or another party pays, such as your employer. It is, however, […]

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I am thinking about… using management accounts to make better business decisions

Having high-quality management information to hand is vital for businesses that want to be well-positioned to make sound business decisions. Management accounts can provide business owners with a detailed breakdown of exactly how their organisation is performing – enabling business owners and decision-makers to set targets, second-guess potential problems and shape a perfect business strategy. […]

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