Welcome to the November edition of Tax E-News. We hope that you find this informative. Please contact us if you wish to discuss any matters in more detail. SALARY OR DIVIDEND BEST IN 2023/24? In recent years many accountants have advised their director/shareholder clients that the most tax efficient method of extracting profit from their family company was to pay …
Tax Rules Changing from 01 January 2024
You may have seen the news that a huge change is hitting tomorrow for anyone that sells clothes or other items online. Back in July 2023 ICAEW reported that OECD rules requiring online marketplaces to report the details and income of the sellers of goods and services on their platforms will apply in the UK. Information on sellers will be …
LATEST UPATE – £1BILLION IN SUPPORT ANNOUNCED FOR THOSE AFFECTED BY OMICRON
New is just in today (21 December 2021) that additional support will be made available for businesses that are affected by the Omicron Variant. Full details can be found on the website link below and whilst the hospitality sector was once again mentioned there will be around 200,000 businesses that will be eligible for business grants in the coming weeks …
Prestigious National Award goes to The Beauty Accountant®
Press Release Prestigious National Award goes to The Beauty Accountant® A niche accountancy practice supporting hair and beauty businesses up and down the UK. 22 October 2021 Ria-Jaine Lincoln, an accountant who specializes in advisory services for beauty businesses, has received a national award recognising The Beauty Accountant® as Sole Practitioner of The Year 2021. Ria-Jaine was previously given the …
COVID Recovery Grant For Small Businesses
New grants have been released by the Government for smaller businesses in England and worth £20 million. The aim of the grant is to ensure that businesses are able to access the support that they need to help them recover from the effects of the Coronavirus pandemic. Small and medium sized businesses will have access to grants of between £1,000 …
Press Release
#DutytohelpBeauty Open Letter for the Beauty Industry Aug 3 2020 Ria-Jaine Lincoln, an accountant who specializes in helping beauty salons, launches a campaign for the government to help the beauty sector, by issuing vouchers, in the same way that the hospitality sector has been helped. Ria-Jaine states “I feel helpless watching beauty business owners struggle with the last minute changes …
Open Letter On Behalf of the Beauty Industry
03 August Update – Sign the open letter 04 August Update – Cosmetic Business ArticleScratch Magazine Article01 August 2020 Dear Mr Prime Minister. Re: Our Beauty Industry My name is Ria-Jaine Lincoln MAAT, I am a trained lash and nail technician but also Accountant to the hair and beauty industry. Today should be the day that my clients and other …
The Debt Free Beauty Business
For a long time we have seen posts on social media about financial freedom and a lot of people aspire to have financial freedom in the sense that regular bills are paid on time and mortgages are cleared and so on. One type of financial freedom that doesn’t make the news feed is the business financial freedom, the debt free …
Should you really open as soon as the government says go?
Article contains affiliate links I have recently read a BBC article discussing the impact of COVID for salons after lockdown as the lockdown measures are relaxed. There has been a lot of uncertainty for the UK hair and beauty industry and business owners are keen to know what returning to work is going to look like. One thing that is …
Self-employment Income Support Scheme – COVID -19
The government have released details of the Self-employment Income Support Scheme and below is some information on the support and some of the key points for sole traders. If you are a sole trader or part of a partnership and have lost income due to COVID-19 this is the scheme for you. The scheme will be live in June 2020 …