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Covid-19: Job Support Scheme (JSS) for Closed Businesses

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On Friday, the chancellor announced new schemes to support businesses that were legally required to close down because of new tighter restrictions. The new plan is an expansion of the JSS announced last month. The key points are: The plan is aimed at all UK companies that are legally required to shut down because of tighter restrictions…
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Accurox Shortlisted for Best Digital Accountancy Award!

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Accurox are proud to announce that we have been shortlisted for the Best Digital Accountant award in the first, ever Digital Accountancy Awards! Being included in the shortlist is a testament to the dedication and commitment of the Accurox team to providing the best service and support possible to our wonderful clients. Accurox were early adapters of…
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Why You Should Use Xero for Your Construction Business

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You probably started your construction business because you had the vision to see a future where you made your own choices and picked your own path.  You will also have had a firm and solid bedrock of skills needed to carry out the work, manage clients and maybe employ and manage other tradespeople. What you…
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Preparing for the End of Furloughing – Part 2

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Part 2 – Getting on Top of Your Finances Your businesses finances are the bedrock of its stability and success. Your employee’s needs are important, but a viable business is crucial to everyone’s ongoing job security.  In part 1, we discussed the steps you must make to bring furloughed staff back. This included evaluating the…
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Preparing for the End of Furloughing – Part 1

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Part 1 – Looking After Your Team Wage Subsidy Scheme This will protect “viable” jobs in the six months after the furlough scheme ends in October. Employees must work at least 1/3 of their hours and be paid for them by their employers.  The government will also pay 1/3 of their usual wages.  So, employees…
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Director’s Loan Accounts and COVID-19

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We are often asked about Director’s Loans and how to access them.  They can be a useful tool to utilise in your business, but not knowing the rules can lead to unexpected tax costs. In this article, we explain what director’s loan accounts are; how to use them wisely and how COVID-19 might affect them…
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