Commentary and insight

Our team of experts keeps a close eye on developments in tax law and financial regulation. Our blog is where they interpret the ever-changing statutory landscape in plain English, highlighting what’s important and offering practical advice on what businesses can do to avoid pitfalls or seize the opportunities presented.

Support for the Self Employed Has Been Extended

The government has announced more support will be available for the self-employed in the form of two grants, each available for three-month periods covering November 2020 to January 2021 and February 2021 to April 2021. To be eligible for the Grant...

read more

The Job Support Scheme Starts 1 November 2020

The Job Support Scheme (JSS) provides different types of support to businesses so they can get the assistance according to their situation. Businesses that are open but facing decreased demand can get support for wages through “JSS Open”. Those...

read more

A Property Tax Shake Up Fuels House Buying Surge

Are you a landlord looking to purchase another rental property? Are you looking to purchase a property for investment purposes? If you are considering moving home in the second half of 2020/21, you are by no means alone. In the month leading up to...

read more

The Importance of Scenario Planning for Your Business

With the current Covid restrictions putting many businesses at risk, planning for and analysis of different scenarios has never been so crucial for all businesses to ensure their future success – performing ‘what if’ scenarios can help business...

read more

Making Tax Digital – an update

Making Tax Digital for VAT (MTD for VAT) has been effective for businesses with turnover above the VAT threshold of £85,000 since April 2019. HMRC recently outlined its next steps, including the introduction of Making Tax Digital for Income Tax...

read more

Finance Cost Relief for Residential Lets

Life after mortgage interest relief for landlords Historically, landlords have enjoyed generous income and capital gains tax reliefs which helped make residential property an attractive investment for those looking to add to their monthly incomes...

read more

Exam Congratulations

The Horsfield & Smith team would like to congratulate Ashley Stephenson who has recently passed his Strategic Business Management exam for ACA. The team would also like to congratulate Ryan Denner who has recently passed his Strategic Business...

read more

Self-Employed Income Support Scheme – Updated

The existing self-employed grant (SEISS) will also be extended on the same basis as the job support scheme. An initial taxable grant will be provided to those who are currently eligible for SEISS and are continuing to actively trade but face...

read more

NHS Test and Trace Service In the Workplace

The NHS Test and Trace service: • provides testing for anyone who has symptoms of coronavirus to find out if they have the virus; • gets in touch with anyone who has had a positive test result to help them share information about any close recent...

read more

What we can do for you

Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.