Company year end December? (action needed now)
I hope your weekend was good. Today I have some small tax updates (some positive news, one update) & a book recommendation.
Tax changes to assist
The government have introduced some schemes to help businesses suffering from Covid-19 issues. I recently posted a video on Instagram regarding Corporation tax (if you had a December year end this is relevant as your tax is due on / before 23.9.2020)
There will be a little work involved in getting the estimates ready in advance of 23rd of September, so it’s important to action this soon if it applies to your business.
There is a similar relief for sole traders with income tax due on 12 November 2020 – see here for more information.
Wage Subsidy update
The Wage subsidy in place from the government is about to change (from 1/9/2020).
If your business has been claiming the Wage Subsidy and hope to claim the Employment Subsidy (EWSS), you must apply for the EWSS online. This is now available – see page 9 of the link here
Working on your own business?
For anyone working on their branding during this period, Mark Schaefer’s articles / blogs, are excellent. His book ‘Known’ is an excellent source of practical advice to business owners. The results from this €20 book for myself and many clients, have been fantastic.
While you may not feel motivated during this period to work on your marketing or strategy, it can be a time to consider what you want for the future. The book has good examples of stories and may give you the inspiration you are looking for.
Wishing you a healthy and positive week
Wendy[24 August 2020]