Blog
Commentary and insight
Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.
Updated: Coronavirus Business Interruption Loan Scheme (CBILS)
HM Treasury has announced that Chancellor Rishi Sunak is taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. The...
Coronavirus Self-Employment Income Support Scheme (CSEISS)
Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS). If you have suffered a loss in income, a taxable grant will be paid to...
COVID-19: Access to Emergency Funding for Businesses
As the UK goes into lockdown, business owners across the UK are experiencing cash flow issues due to the COVID-19 pandemic. At Horsfield & Smith we are here to help and support you through this difficult time – we can assist you with: • putting...
COVID-19: Businesses Granted a Three Month Extension to File Accounts
In a bid to help businesses during the coronavirus pandemic, HMRC has joined forces with the government to give businesses a three month extension from, 25 March 2020, to file their accounts to help them avoid paying penalties. Businesses can apply...
COVID-19: Businesses urged to cancel direct debits to take advantage of VAT holiday
The Chancellor, Rishi Sunak, has suspended VAT payments for three months in a bid to help UK businesses and individuals through the coronavirus pandemic. The VAT holiday will give business owners some welcomed breathing space as they fight to...
COVID-19: Government Support for Businesses
On Friday 20 March 2020 the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. The package of measures to support businesses includes: • Coronavirus Job...
Important Information COVID-19
In view of the current situation, we are following advice from the government and would like to reassure you that Horsfield & Smith remains fully operational and open for business – we have procedures in place to enable us to continue providing...
Has the Time Come for Cryptocurrency?
Cryptocurrencies may have attracted their fair share of controversy, but there is little doubt their usage is becoming increasingly commonplace and acceptable. More companies are accepting digital tokens as payment, investors now consider them an...
Staying Afloat After a Flood
Dealing with the aftermath of a flood is a challenging time for affected businesses. Although tax may not seem the most pressing issue for businesses trying to stay afloat, complications can arise. Business owners will still need to make tax...
New Year Resolutions for Family Companies
1. Deliberately decide what to take out Why? Because getting the best tax results is never a matter of chance The most tax efficient way to extract profits for director-shareholders is usually to pay a minimal salary and top up with dividends. The...
Local Accountancy Firm Joins Forces with Age UK Bury
Press Release 19 February 2020 Re: Local Accountancy Firm Joins Forces with Age UK Bury Bury accountancy firm, Horsfield & Smith, are delighted to support Age UK Bury as their Charity of the Year for 2020. Age UK Bury is an independent charity....
#taxtip – Review Your Business Structure
You may be able to reduce your annual tax bill by reviewing your business’s structure, as there are often significant tax savings to be made. During the early years of a business, it may be preferable to operate as a sole trader or in a...
What we can do for you
Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.
