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An insight from the gbac team on all things accounting, finance and more.

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New COVID business support measures

With a new national lockdown from 5 January, the Treasury announced another round of one-off cash grants for retail, hospitality and leisure businesses to help them through to the spring. There is also further discretionary funding to support other impacted businesses. The new grants are only for businesses situated in England, with the devolved administrations […]

Time is ticking for self-assessment tax payments due 31st January 2021

In order to support individuals who require additional time to pay, HMRC is encouraging use of its online tool to set up an instalment plan for self-assessment tax payments via a Time to Pay arrangement. The online tool can be used for tax liabilities of up to £30,000. This is a self-serve process which means […]

gbac invited to join acclaimed Handpicked Accountants network

As a proud Yorkshire based accountancy firm founded over 50 years ago, we are overjoyed to share the news of our inclusion to the Handpicked Accountants network which shortlists the highest calibre of trusted accountants across the country. Our extensive and experienced team of business consultants, accountants, auditors, tax advisors, payroll and legal compliance experts […]

Spending Review 2020

“Our health emergency is not yet over. And our economic emergency has only just begun”. These were the stark words from the Chancellor, Rishi Sunak yesterday as he delivered the 2020 Spending Review; with little indication as to how the Government intended on balancing the books and instead provided a heavy emphasis on spending in […]

COVID-19: Furlough scheme extended to 31st March 2021

As the second lockdown took effect on 5 November, the Chancellor returned to Parliament to announce a further extension to the furlough scheme through to March 2021. The extension of financial support under the Coronavirus Job Retention Scheme (CJRS) will now run past the original new cut-off of 2 December through to the end of […]

Winter Economy Plan – 24th September 2020

INTRODUCTION                           Source: ONS Today’s ‘Economic Update’ by the Chancellor, Rishi Sunak, arrived six months and a day after the Prime Minister announced the start of lockdown on 23 March. Twelve days earlier the Chancellor had made his Budget debut, announcing a “temporary, […]

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