Armstrongs offices are now closed

Mar 24, 2020

In support of our beloved NHS and for the safety of our staff, clients and contacts, we have decided to close our Coventry and Nuneaton offices until the official Government guidelines change. 

Our team are working from home, so please be assured that we're still here to help! 

Please call 024 7671 5111 or email info@armstrongs-accountancy.co.uk for…

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Coronavirus Update from Armstrongs

Mar 16, 2020

Protecting the welfare of our staff, clients and contacts.

To enable Armstrongs to continue to deliver a great service through these unprecedented times, we are putting measures in place to protect our workforce, our clients and other contacts of the firm.

We have a duty of care to our workforce, so we wish to minimise visitors into our offices for the next few weeks while we monitor…

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Additional financial support for flooding victims

Mar 12, 2020

The government has pledged thousands of pounds in additional financial support for victims of the recent floods.

The Government has announced that businesses in England affected by the floods will be eligible for 100% business rates relief for at least three months. It also stated that small and medium-sized enterprises (SMEs) that have experienced severe, uninsurable losses will be able…

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Don't forget to make tax efficient investments ahead of the tax year end

Mar 12, 2020

With the end of the tax year looming there is still time to save tax for 2019/20.

  • Make full use of your ISA allowance - ISAs can offer a useful tax free way to save, whether this is for your children's future, a first home or another purpose. Individuals may invest up to a limit of £20,000 for the 2019/20 tax year. Savers have until 5 April 2020 to make their 2019/20 ISA investment.

  • Pensions…

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Advisory fuel rates for company cars

Mar 12, 2020

New company car advisory fuel rates have been published which take effect from 1 March 2020. The guidance states: 'You can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car.

The advisory fuel rates for journeys undertaken on or after 1 March 2020 are:

Engine…

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Minimum Wage increases

Mar 12, 2020

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules.

There are different levels of NMW and NLW, depending on age and whether the employee is an apprentice. The rates are due to increase from 1 April 2020 as shown in the following table:

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IFS calls for Chancellor to raise taxes in upcoming Budget

Mar 12, 2020

The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.

The think tank stated that the Chancellor either needs to raise taxes or 'break a fiscal rule' in order to avoid day-to-day spending cuts beyond 2021.

However, the Conservative Party's election manifesto promised not to raise income tax, national insurance or VAT.

The…

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Review confirms off-payroll working rules to go ahead from April 2020

Mar 12, 2020

The government has confirmed that reforms to off-payroll working rules for the private sector will go ahead from 6 April 2020.

The off-payroll rules have applied to the public sector since 2017 and the government has carried out a review of the roll-out to the private sector. The review has now concluded, and the changes will go ahead alongside the implementation of measures to support affected…

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Coronavirus measure: Statutory Sick Pay from day one

Mar 12, 2020

The Prime Minister, Boris Johnson, has announced that employees will be entitled to Statutory Sick Pay (SSP) from day one when self-isolating rather than having to wait until day four under the SSP waiting days rules.

The change will be included in a package of measures, to be introduced by emergency legislation, to deal with coronavirus.

Updating Parliament on the Government's response…

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