News & blog

Whilst the Covid pandemic has dominated the news over the last year, Brexit has been moving forward with more details emerging on how our new relationship with the EU will look. On 1st January 2021, the UK officially left the EU Whilst many changes came into effect on 1st January,...

Turas Accountants has put professional qualifications and training at the heart of its business development despite setbacks caused by the pandemic. Three members of the six-strong Telford-based team have managed to continue their studies despite the coronavirus restrictions.   Turas director Helen Columb paid tribute to the team members who...

As if there hasn’t been enough to keep track of from the government and HMRC over the last few months, they have now introduced changes into the way you declare any Capital Gains, reducing the time frame in which you must report and pay. Capital gains tax is a tax...

Making Tax Digital is something we have been hearing about for a while, but with Covid-19 throwing everything up in the air we have been left in limbo over how the pandemic has affected the roll out of the scheme. Well, this month we have been provided with a few...

Calling all companies in the construction industry! If you are in the construction industry, you need to be aware of changes to the domestic VAT reverse charge. From the 1st March 2021, the domestic VAT reverse charge must be used for most supplies of building and construction services.   The...

This year has been tricky at best and we are all aware of the looming January deadline from HMRC. But it looks like they are putting schemes in place to help support businesses. If you are due to submit your self-assessment for the 2019/20 tax year in January 2021, you...

  Following on from the announcements earlier in the week, The Chancellor has announced the extension of furlough (The Coronavirus Job Retention Scheme) until the end of March’ across the UK, although it is due for a review in January 2021.   Whilst there are still plenty of details to...

After spending the last weeks getting our head around the Job Support Scheme, boom, we are back to Furlough (or it’s official name The Coronavirus Job Retention Scheme).   As part of Boris Johnson’s address on Saturday he mentioned “furlough”, and new “guidance” on the extension was issued straight away....

The SEISS (Self Employed Income Support Scheme) was announced in April 2020 to help self-employed individuals claim a grant worth 80% of their average monthly earnings if they had been adversely affected by coronavirus. There was then a further announcement in May 2020 to say that the scheme had been...