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Green Homes Grant to give up to £5,000 in vouchers

Green Homes Grant to give up to £5,000 in vouchers

Recent Posts   07/08/2020

The Government has outlined further details on their Green Home Grant voucher scheme.

 

 

Under this scheme the Government will provide grants covering 2/3 of home improvements costs to make your homes more energy efficient. Vouchers worth up to £5,000 (£10,000 for lower income households) will be issued to homeowners in England (won't cover homes in Scotland, Wales or Northern Ireland) under a new Government scheme that launches in Sept...

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Locums deferral of SA payments

Locums deferral of SA payments

Recent Posts   28/07/2020

The government announced that the second payment on account for 2019/20 due on 31 July 2020 will be deferred until 31st January 2021.

 

Can I claim this?

The government announced this measure to assist all self-employed taxpayers (not just the self-employed) with their cash flow during this pandemic. This means all self-employed locum Optometrists and locum Dispensing Opticians and/or locum contact lens opticians can be eligible for this.Read More...

Flexi furlough as a locum

Flexi furlough as a locum

Recent Posts   14/07/2020

Earlier on in the year, I wrote about the furlough scheme and the challenges that this may entail for us locum Optometrists or Locum Dispensing Opticians as owner managed businesses (Company Directors). The main thing was to ensure that you only carried your statutory director duties whilst on furlough, therefore not engaging in any activity that could be deemed to be revenue generating in nature (so booking locum days, locuming, etc).

 

 

On 29 May, th...

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Summer Economic Update

Summer Economic Update

Recent Posts   09/07/2020

Yesterday the Chancellor gave his Summer Economic Update (phase two of a three phase plan to tackle COVID-19), which as anticipated was focused on helping the economy bounce back and help save/drive new jobs, especially in light of the phasing out of financial support (CJRS & SEIS).

 

 

There was unfortunately nothing in yesterday’s announcement that was specifically targeted towards sole traders (locum Optometrists or Dispensing Opticians). N...

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What is P11D?

What is P11D?

Recent Posts   05/07/2020

What is P11D form?

Each year, in addition to your annual submission of accounts and corporation tax, there are certain forms that UK employers need to consider. One of these forms is the P11D form.

 

 

A P11D is the form where the employer highlights to HMRC all the cash value of benefits given to employees (including Directors, so this inlcudes Self Employed Optometrist or Dispensing Opticians Directors) or taxable expenses w...

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CET for Optometrists & Opticians

CET for Optometrists & Opticians

Recent Posts   27/06/2020

For Optometrist who claim the CET grant each year, the applications normally open on the 1st july. However GOC have notified us on the 2nd July that due to COVID19 this has been delayed by one month. They will be in touch with us once the window opens. 

 

As an Optometrist or Dispensing Optician you have to ensure you keep up your professional standards. This is done through the Read More...

CJRS - Round 2

CJRS - Round 2

Recent Posts   13/06/2020

HMRC updated its guidance on the Corona virus Job Retention Scheme for round 2 late on 12th June 2020. We try to summairse the key points here for all Locum Optometrists and Dispensing Opticians.

As mentioned in our previous articles/briefings, this grant is for employers who have staff on furlough or ‘owner managed business’ directors who have furloughed themselves. For locums trading as sole traders, please click here<...

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SEIS - Round 2

SEIS - Round 2

Recent Posts   13/06/2020

HMRC updated its guidance on the Self Employed Income Scheme (SEIS) grant round 2 on 12th June 2020. We try to summairse the key points here for all Locum Optometrists and Dispensing Opticians.

As mentioned in our previous articles/briefings, this grant is for locums who are trading as sole traders. If you are an employer who has staff furloughed or are an ‘owner managed business’ furloughed director, then please click h...

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VAT deferral

VAT deferral

Recent Posts   08/06/2020

 

 

It has been reported that alone, the deferral of VAT is costing the HMRC approximately £14bn a month in revenue.

As part of the many schemes to help individuals and businesses with cash flow, one of these was the option to defer your VAT payments up to June 2020. To do this users were advised to cancel their DD.

If you are one of thos...

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Locum Optometrists and Dispensing Opticians update on Self Employment Income Scheme

Locum Optometrists and Dispensing Opticians update on Self Employment Income Scheme

Recent Posts   04/05/2020

Locum Optometrists and Locum Dispensing Opticians: Good news as HMRC will start contacting you if you may be eligible for the Self Employment Income Scheme (SEIS) from this week. SEIS is to come into play ahead of schedule qwith claims opening May 13th and the funds to be in your accounts by the end of the month and not mid June as previously expected.

From today (Monday 4 May), HM Revenue and Customs (HMRC) will begin contacting customers who may be eligible for the government&rs...

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Advise on COVID-19 for Locum Optometrists and Dispensing Opticians

Advise on COVID-19 for Locum Optometrists and Dispensing Opticians

Recent Posts   19/03/2020

To all locum Optometrists and locum Dispensing Opticians,
 
We hope you are all healthy and well. In light of the current COVID-19 situation and the impact it could have on the industry, we wanted to address a few issues.
 
We understand the concerns you have about cancelled clinics and lost earnings. However, due to the close proximity we have with patients and the poten...

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Is cash earned by my company my money whilst trading as a locum Optometrists or locum Dispensing Optician?

Is cash earned by my company my money whilst trading as a locum Optometrists or locum Dispensing Optician?

Recent Posts   19/09/2019

So you have set up your limited company and are busy locuming as an Optometrist or Dispensing Optician. Your earning good money and you notice that your cash figure is building up. You decide to treat yourself and decide to buy a new car, go on a holiday, etc. You might think that you’re free to dip into the company’s profits as you see fit; after all it is your company. However it is NOT, and this misunderstanding can land you in a lot of trouble.

Limited companies are ...

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