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interruption loan schemes

Business Interruption Loan Scheme – a reality check

Obp Chartered Accountants | 1st April 2020 The banks are coming under some criticism regarding the way they are managing the Business Interruption Loan Scheme to businesses affected by the Coronovirus outbreak. Some reports in the press today state that “up to a million companies face ruin because banks are refusing to give them government-backed…Read More

Coronavirus Business Update – 27th March 2020

Obp Chartered Accountants | 27th March 2020 Last night the Chancellor announced his long awaited support for the self-employed. The Self-Employed Income Support Scheme announced on 26 March 2020 and provides the following support: A taxable grant of 80% of average monthly profits over the past three years. Capped at £2,500 per month. For 3…Read More

Coronavirus Update – 22nd March 2020

Obp Chartered Accountants | 22nd March 2020 Here is a quick summary of the announcements made by the government to-date outlining the support available during the coronavirus outbreak. Remember some of the measure highlighted by the chancellor are directed at English businesses and therefore if your business is in Wales we need to look at…Read More

coronavirus update

Covid-19 Update

Obp Chartered Accountants | 18th March 2020 These are very difficult times at the moment. Coronovirus is impacting every businesses whether its because of disruption to staff, customers or suppliers. Many of our clients have even come to an absolute stop in trading. We at Obp Chartered Accountants are therefore doing our best to offer…Read More

March Week 2 – News Roundup

Obp Chartered Accountants | 13th March 2020 It’s the second week into March and there are many interesting articles for us to show you, whether they be about the impact of Coronavirus on business and the UK as a whole, or the different aspects of the 2020 budget. If you want to read any more…Read More

NIC rates confirmed

2020/21 NIC rates and thresholds confirmed

Obp Chartered Accountants | 28th February 2020 Around 31 million taxpayers are expected to benefit from an increase in take home pay from April 2020 when the National Insurance Contributions (NIC) threshold rises from £8,632 to £9,500 per year. A typical employee will save around £104 in 2020/21, while self-employed people, who pay a lower rate,…Read More

SBAs

Structures and Buildings Capital Allowances

Obp Chartered Accountants | 28th February 2020 One of the key messages regarding claims for structures and buildings capital allowances (SBAs) is that record keeping and cost segregation will be of paramount importance. In order to claim the allowance, evidence of qualifying expenditure must be produced in the form of an allowance statement, submitted to…Read More

feb week 4 news roundup

February Week 4 – News Roundup

Obp Chartered Accountants | 28th February 2020 It’s the final week of February, and the final installment of our news roundup this month. We’ve got articles about IR35 changes & our favourite TV presenters’ battles with HMRC, IT and cyber insurance, climate protester victories, and much more. If you want to read any more of…Read More

February week 3 news roundup

February Week 3 – News Roundup

Obp Chartered Accountants | 21st February 2020 Here is Obp’s news roundup for week 3 of february – articles about holiday pay changes, applying for business loans, Airbnb taking the UK by storm, and more. If you’d like to read the rest of an article, click the links to each respective website. Holiday pay changes…Read More

Student finance: How does it work?

Student Finance: How does it work? – Part 2

Tom Braithwaite, Obp Chartered Accountants | 21st February 2020 Last week in Part 1 of my student finance article I talked about how much university costs for each region of the UK, the differences between tuition fee and maintenance loans, and how to apply for them. In part 2, I’m covering how your student debts…Read More

Student finance - how does it work?

Student Finance: How does it work? – Part 1

Tom Braithwaite, Obp Chartered Accountants | 17th February 2020 Student finance can be a confusing thing for upcoming students and parents, but is essential to understanding how your university course and life is paid for, where it goes, and how/when it’s paid back after you graduate. Student finance has changed a few times over the…Read More

February week 2 roundup

February Week 2 – News Roundup

Obp Chartered Accountants | 14th February 2020 We’re into week 2 of February, and we’ve had some interesting reads over the last 7 days – some major political shifts, information about mobile, broadband & TV prices, affect of HS2 on Wales, and green energy demands. If you’d like to read more of these articles, follow…Read More

Cryptoassets

CGT on Cryptoassets

Obp Chartered Accountants | 7th February 2020 Cryptoassets are a relatively new type of asset that have become more prevalent in recent years. New technology has led to cryptoassets being created in a wide range of forms and for various different uses. Cryptoassets (or ‘cryptocurrency’ as they are also known) are cryptographically secured digital representations…Read More

loan charge payments deferred

Loan Charge Payments Deferred

Obp Chartered Accountants | 7th February 2020 In September 2019, the government commissioned Sir Amyas Morse to conduct an independent review of the loan change (the review). The review was published on 20 December 2019 along with the government’s response, which confirmed that it would accept all but one of the review’s recommendations. The main…Read More

February week 1

February week 1 – Important News Roundup

Obp Chartered Accountants | 07/02/2020 At Obp, we want to share with you some of the most important news in business happening this week. These are the articles we think have been the most interesting reads over the last few days, so take a look at the snippets and follow the links over to their…Read More

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