Companies House Strike Off Process

Voluntary Strike Off Process In March 2020, as a response to coronavirus, Companies House introduced temporary measures suspending voluntary strike off action for companies. These measures are reviewed monthly. Following the July review, they have lifted the temporary measures from 10th September 2020. This means that after this date, they will restart the voluntary strike …

Making Tax Digital – July Updates

MTD Updates July 2020 This week, the government made further announcements about the plans for Making Tax Digital. Most VAT registered businesses with taxable turnover above the VAT threshold (£85,000) are following the rules of MTD. However, due to the impact of coronavirus, HMRC extended the original soft-landing period from 31st March 2020 to 1st …

Tax Deductible Expenses for Sole Traders

Tax deductible expenses for sole traders are allowable expenses incurred in running a business. They reduce the amount of tax paid by sole traders by reducing their profits subject to tax. To claim for expenses, please make sure you keep accurate records, and keep these records for 6 years. Much the same as limited companies, …

Furlough and SEISS

Today we are discussing the Furlough and SEISS schemes that are now in operation. It is a challenging time for many businesses and self-employed individuals. The virus affects most industries. Understandably, we see schemes changing, aimed at reopening the economy. This is having an additional effect on businesses – while some may work towards reopening, …

Cloud Accounting Software

We specialize in providing cloud accounting software solutions that work for your business. We ensure that you never have to worry about your accounts. What is cloud accounting software? Cloud accounting software means that you can access your software from any device with an internet connection. Instead of purchasing a program and downloading it onto …

Welcome to Rely Financial Services

Hello and welcome to our blog! Here you will find some information that could help you to solve some of your bookkeeping and accounting questions. If you still have questions, or want to discuss how we could help you with your business or personal finances, please do get in touch today.