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Welcome to the accountancy blog from Jacobs Allen, leading chartered accountants in Suffolk. This blog provides the very latest news, views and advice from our senior team. Feel free to comment on any blogs, subscribe via RSS feeds or connect with us socially. Jacobs Allen are proactive accountants that offer fantastic accounting services to both companies and individuals. If you are looking for more than just a traditional service then why not contact Jacobs Allen today?

Self-Employed Income Support Scheme (SEISS) Update

28th September, 2020

As part of the Governments ‘Winter Economic Plan’ that was announced on 24 September 2020, the Self-Employed Income Support Scheme (SEISS) is being extended. Phase 1 of this scheme has already closed and Phase 2 closes for applications on 19 October 2020. This had previously …
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Coronavirus Job Retention Scheme and Flexible Furlough

25th September, 2020

The introduction of flexible furlough from 1 July brought with it further complexities in the calculation of the CJRS grant. The minimum furlough pay, which must be paid by the employer to qualify for the grant, is based on the ‘furloughed hours’ as a proportion of the ‘usu…
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Coronavirus Job Retention Scheme: HMRC crackdown on fraudulent claims

17th September, 2020

HMRC has started writing to employers who they believe may have overclaimed wages of furloughed staff under the Coronavirus Job Retention Scheme (CJRS).
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Are your tax planning strategies still relevant in the new world?

5th August, 2020

Tragically a growing number of businesses are falling victim to the Covid-19 pandemic but advanced tax planning and tax strategies/management can help you weather the storm.

Sadly, none of us could have predicted the global pandemic that would see a rather dramatic end to the …
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Temporary reduction in VAT Rate for Hospitality Businesses

14th July, 2020

Background information & Guidance
Last Wednesday, 8 July, the Chancellor announced a reduction in VAT rates for hospitality businesses on food and non-alcoholic drinks, accommodation and tourist attractions, from standard rate of 20% to a reduced rate of 5%. The reduced rate…
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Economic Update 2020: Getting Britain spending again

10th July, 2020

Download the ‘Economic Update 2020’ as a PDF here.
Introduction
It’s safe to say Chancellor Rishi Sunak did not expect to be delivering the first official fiscal statement less than four months after his maiden Budget speech back in March, but here we are.

The economic …
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HMRC set to investigate furlough fraud

6th July, 2020

Are your accounts in order? HMRC paused tax investigations during the peak of the Covid-19 crisis but now they are resuming and they will be looking into misuse of the furlough scheme and self-employed income support scheme.
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Self-Employment Income Support Scheme (SEISS) – Update

17th June, 2020

Important Update

On 29 May 2020, the government provided a further update on a second SEISS grant being made available and on 12 June some clarification on the circumstances affecting your right to claim under the SEISS, including some examples.

When it was first announce…
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Coronavirus Job Retention Scheme (CJRS): Detailed Update

11th June, 2020

This update covers further points of detail of the changes taking place to the Coronavirus Job Retention Scheme (CJRS) on 1 July 2020. The revised measures mean that effectively these new arrangements constitute a new scheme.
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Time Critical Changes to the Coronavirus Job Retention Scheme (CJRS)

9th June, 2020

On 29 May the Chancellor announced that from 1 July employees can return to work part time and the employer can continue to claim the CJRS grant for hours not worked. This is a major change to the scheme which previously did not allow employees to do any work at all while on furlough.
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Expertise delivered by qualified, experienced accountants

Our team of expert accountants, business strategists, tax specialists and auditors have worked with owners of a broad range of businesses at every stage of their development to grow, prosper and consolidate. In fact, we’re immensely proud that other accountants in Suffolk and UK-wide consult our tax saving experts for advice; we believe that speaks volumes about the depth of expertise and knowledge we possess.

Whatever obstacles you need to overcome, we employ a ‘never say never’ approach.

Something to shout about

Outstanding service and knowledge. Very highly recommended. We met with Keith Senior for advice relating to starting a new business in Bury. Keith met with us for close to an hour at no charge and provided both a referral and excellent advice. Everybody we met has been a pleasure to deal with and we feel much more confident moving forward with our plans. You will be in good hands with this firm.

Joe A

I chose to come to Jacobs Allen for advice as I felt you as Chartered Accountants were clearly knowledgeable yet very approachable, friendly and welcoming. To have all of my queries dealt with so professionally in a relaxed manner allayed any concerns I had about my tax affairs, past present and future. Your advice giving me a clear plan of the actions I have to take and your offer of assistance to put it into practice helped enormously in focussing my attention on building my business.

John H

You are obviously very knowledgeable and able to relate your expertise in an easy to understand way. We will definitely use Jacobs Allen Chartered Accountants again and believe that it was a relatively small amount of money, well spent to have this financial and tax review.

Maddy R