News
Press Releases, Latest News, Updates
In Arcus news …
Bank of England warns of likely rise in company collapses
The number of small businesses in the UK classed as highly indebted has doubled since the pandemic according
Price hikes due to unresolved shipping issues & high demand say BRC
A toxic cocktail of Brexit 'red-tape', worker shortages, rising commodity prices and transport costs is driving up food
HS2 Costs ‘no end in sight’
The Public Accounts committee are ‘increasingly alarmed' by slow progress and lack of clarity surrounding the final cost
UK postpones checks on EU goods until 2022
The government has taken a ‘pragmatic’ move to delay checks on EU goods due to commence on 1st
Don’t call it income tax….it’s a social care levy!
The Government is to fund social care costs by raising National Insurance contributions and adding a ‘health and
HMRC digs deeper into your data
HM Revenue & Customs are looking to extend their reach into digital transactions in a bid to hunt
Wildfires in France could damage wine production
Fires which began last week in the Var region of France have caused widespread destruction to vineyards producing
Rise in rail fares may be biggest in a decade
R ail fares in the UK are due to rise at their fastest rate in a decade unless
House price growth slows as housing market cools
House prices in the UK grew by 7.6% in the year to July compared with 8.7% a year
Insurance doubts for ‘pinged’ holidaymakers
Thousands of holiday makers could face unexpected costs after learning that some travel insurance policies may not cover
Inflation rise inevitable says UK Thinktank
An inflation rise of over 4% has been predicted by the thinktank The Resolution Foundation as post-lockdown spending
UK borrowing surges as economy re-opens
British household borrowing in May reached its highest level since August last year as the easing of lockdown
Grandparents gift £1m a day to families during stamp duty holiday
Grandparents have used money tied up in their homes to gift almost £1 million a day to younger
New tax penalty regime penalises persistent offenders
H M Revenue and Customs have announced a new penalty regime for late payment and filing penalties which could be
Criminal damage in the countryside doubles in lockdown
Leicestershire Police are urging people to respect the countryside as reports of criminal damage in rural areas including
Travel industry dismay over covid caution
The travel and tourism industry has voiced concerns over the Government’s decision yesterday to tighten travel restrictions for
Parcel fee scams cause confusion
Britons are being deluged by plausible sounding texts demanding money for postage fees on phantom parcels. Being taken
VAT change affects French homeowners
Many UK homeowners with second properties in France are facing new VAT and duty charges when moving goods
UK mortgage lending hits record high
Mortgage borrowing in the UK has reached its highest level since modern records began as buyers rush to
Gary Lineker £4.9m battle with HMRC
Football legend Gary Lineker is in dispute with HM Revenue & Customs over work he carried out for
Supporting Businesses post-pandemic
As high street, hospitality and retail businesses finally start to re-open their doors, we share advice on how
Capture documents and data with Hubdoc & Xero
Many hours of an accountant or bookkeeper’s time are spent chasing documents from small business clients and doing
Bookkeeping for beginners
B ookkeeping lets you know how your small business is doing, and it helps keep you onside with
When you need to hire an Accountant?
Arcus can help at various stages during the growth of your business and we can handle much more
Xero Bookkeeping Software designed to work for you
Xero gives you the tools to take care of the numbers, so you get time back to focus
Living Covid 19 … moving on
What we’re doing at Arcus
Visiting us
Our front door is locked, please knock and wait.
Please observe our Safe zone in reception.
Face coverings must be worn.
There is no visitor access to the bathroom.
Client meetings
No face to face meetings are currently being arranged.
We can facilitate Zoom, Skype or Facetime meetings.
Useful resources
Temporary VAT rate reduction
- For hospitality/holiday sector to January 2021
- read more
SA Tax payment deferral July 2020
- possible to defer if you have been impacted
- read more
Bounce Back Loans
- Govt backed loan up to £50k/25% of t/o
- read more
Furloughing / JRS Claims
- Now reducing, ends October 2020
- Job retention bonus, Jan 2021
- read more
VAT payment deferral
- Ended 30th June 2020
- Deferred payment to be made by 31 March 2021
- read more
Kickstart scheme
- Funded job creation for young people
- read more
Covid19 – Changes to Covid Job Retention Scheme from July 2021
T he Coronavirus Job Retention Scheme has been extended until 30 September 2021 and the level of grant available
Covid19 – Accountants can’t submit your Self Employment claim
A heads up that HM Government has announced that accountants cannot submit the claims for Self Employed people
Covid19 – Self Assessment Financial Help
At the end of last week the Chancellor of the Exchequer, Rishi Sunak, announced his plans for helping
Covid19 – My thoughts on the assistance packages
Iset out below some of the relevant points from the financial assistance package announced by Boris Johnson &