Generated by All in One SEO v4.9.7.2, this is an llms.txt file, used by LLMs to index the site. # Clear Cut Accounts Ltd Accounting & Bookkeeping Services ## Sitemaps - [XML Sitemap](https://www.clearcutaccounts.co.uk/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Articles](https://www.clearcutaccounts.co.uk/articles/) - Companies House Announces Major Changes 5th SEISS Scheme claims from Late July 2021 The CIS VAT Reverse Charge – VAT’s not going to be the same for Builders from 1st March 2021! More £££s Announced: Furlough and SEISS Increased SEISS Scheme Nov 2020 – Jan 2021 Extended Furlough November 2020: Update Revised SEISS Scheme Nov - [Companies House Announces Major Changes](https://www.clearcutaccounts.co.uk/hmrc/companies-house-changes/) - Companies House is set to change with the new Economic Crime and Corporate Transparency Act that was voted in by parliament in 2023. The changes will be introduced in stages over the next 2-3 years. A summary of the major changes is below. More information is available at Changes at a glance - Changes to UK - [5th SEISS Scheme claims from Late July 2021](https://www.clearcutaccounts.co.uk/hmrc/seiss-july-2021-5th-claim-turnover/) - The 5th SEISS grant can be claimed online from late July 2021. If you’re eligible based on your tax returns, HMRC will contact you in mid-July to give you a date that you can make your claim from. It will be given to you either by email, text message, letter or within the online service. - [The CIS VAT Reverse Charge - VAT's not going to be the same for Builders from 1st March 2021!](https://www.clearcutaccounts.co.uk/hmrc/the-cis-vat-reverse-charge-vats-not-going-to-be-the-same-for-builders-from-mar-2021/) - In an attempt to stop fraud in the construction industry, HMRC will be introducing a domestic reverse charge which will take effect from 1st March 2021. This was delayed from October 2020. The new CIS VAT reverse charge will only apply to certain building and construction services. It will mean that the customer will now - [More £££s Announced: Furlough and SEISS](https://www.clearcutaccounts.co.uk/hmrc/furlough-seiss-increase-again-nov-2020/) - Just as I sat down with a cup of tea for the first time in months, Rishi made another announcement! But this one is very much welcomed. To give businesses certainty over the winter months, the support announced at the weekend has been extended and increased. The furlough scheme will now be extended until the - [Increased SEISS Scheme Nov 2020 - Jan 2021](https://www.clearcutaccounts.co.uk/hmrc/seiss-nov-2020-increased/) - The government have released revised plans for the Self Employed SEISS payment extension. There will be two grants, for the 3 month periods covering Nov 2020 to Jan 2021 and then Feb 2021 to April 2021. The Government are providing broadly the same level of support for the self-employed as is being provided for employees - [Extended Furlough November 2020: Update](https://www.clearcutaccounts.co.uk/hmrc/job-retention-scheme-extended-nov-2020/) - Changes have again been made to Government support after the announcement of a second lockdown last night by the Prime Minister. The Job support Scheme has been put on hold, and the Job Retention (Furlough) Scheme is continuing until the end of November. JRS Extension - Key Facts: The extended scheme will run just as - [Revised JSS Help for Employers - Are you JSS Open or JSS Closed?](https://www.clearcutaccounts.co.uk/hmrc/job-support-scheme-nov-2020/) - The government have released revised plans for the new Job Support scheme that starts from 1st November 2020. This is the scheme that will replace the furlough scheme that ends at the end of the month. The new rules have changed as of yesterday, to increase help to employers. Revised Job Support Scheme - as - [Revised SEISS Scheme Nov 2020 - April 2021](https://www.clearcutaccounts.co.uk/hmrc/seiss-nov-2020/) - The government have released revised plans for the Self Employed SEISS payment extension that is to be made from November 2020. There will be two grants, for the 3 month periods covering Nov 2020 to Jan 2021 and then Feb 2021 to April 2021. The Government are providing broadly the same level of support for - [New Coronavirus Business Support Sept 2020 - Help for Employers and Self Employed](https://www.clearcutaccounts.co.uk/hmrc/next-phase-coronavirus-support/) - The government have today delivered a statement setting out plans to help workers and businesses hit by new coronavirus restrictions. It includes plans for a jobs support scheme to replace furlough, help for the self-employed, business loans and VAT cuts. Here is a summary of the main points. Many details have not yet been released - [FreeAgent Mobile App - Run Your Business from your Phone!](https://www.clearcutaccounts.co.uk/business/freeagent-phone-app-improvements/) - The FreeAgent mobile app has regular improvements, and now has the functionality to do most of your daily business admin. Creating and sending invoices, checking that you customers have paid you, and adding receipts and expenses can all now be completed during your afternoon coffee break on site! Features of the app include: Keep your - [Self Employed Scheme Phase 2 Claims Open from Today.](https://www.clearcutaccounts.co.uk/hmrc/seiss-phase-2-opens-today-apply-now/) - The SEISS Phase 2 Claim window opens today. Please find below a link to the government website where you can check eligibility, and claim for, the second SEISS payment. You should be able to check eligibility even if you have not been contacted by the HMRC since you received the first claim. If you were - [Coronavirus: Self Employed Scheme Phase 2 Claims Open from 17th August](https://www.clearcutaccounts.co.uk/hmrc/coronavirus-seiss-phase2/) - The government have announced further details on the extension to the SEISS (Self Employment Income Support Scheme) scheme for the self employed. Initially the scheme allowed people to claim 80% of 3 months of their average income from 2016-19, capped at £7,500. This was to cover March - May 2020. The deadline for claims under - [Coronavirus Self-Employed Income Support Scheme](https://www.clearcutaccounts.co.uk/uncategorized/coronavirus-self-employed/) - The chancellor has announced today a new scheme that will be available to support Self Employed businesses affected by the Coronavirus The scheme will pay taxable grant payments to anyone who: [table id=10 /] What You Will Get: [table id=11 /] The bad news: [table id=12 /] What process will there be to claim the - [Coronavirus: Self Employed Scheme Update June 2020](https://www.clearcutaccounts.co.uk/hmrc/coronavirus-hmrc-self-employed/) - The government have announced further details on the extension to the SEISS (Self employment Income Support Scheme) scheme for the self employed. Initially the scheme allowed people to claim 80% of 3 months of their average income from 2016-19, capped at £7,500. This was to cover March - May 2020. The deadline for claims under - [Coronavirus: Furlough Scheme Update June 2020](https://www.clearcutaccounts.co.uk/hmrc/coronavirus-hmrc-furlough/) - The government have announced further details on the extension to the furlough scheme for employers. This includes the eventual subsidies employers will need to pay, as well as a new part time “Flexible Furlough” scheme. How the Furlough Scheme Will Work Going Forward For June and July the furlough scheme will remain unchanged, but flexible - [Corona Support Update : Self Employed Grant, Bounce Back Loans and Local Top-Up Fund](https://www.clearcutaccounts.co.uk/uncategorized/corona-virus-businesses-update/) - We thought it would be helpful to let you know about some new support that is available from the government regarding Coronavirus, and more information regarding the Self Employment Income Support Scheme (SEISS) Self-Employment Income Support Scheme The HMRC will be contacting people from this week regarding their eligibility for a pay out under this - [Coronavirus Job Retention Scheme HMRC update 27/03/20](https://www.clearcutaccounts.co.uk/uncategorized/coronavirus-job-retention-scheme-270320/) - The HMRC have published more details on the above scheme, and how it will work. The full details are on the link below but, in summary: Any UK business with employees can claim, including charities, recruitment agencies and public authoritiesYou must have created and started a PAYE payroll scheme on or before 28th Feb 2020 - [Coronavirus: Support for Businesses](https://www.clearcutaccounts.co.uk/hmrc/coronavirus-hmrc-support/) - We thought it would be helpful to summarise the support for businesses that is currently available from the government. More in-depth information is on previous posts on this website, or the government website - a link is at the bottom of this post. Support for Employees Coronavirus Job Retention Scheme This is a grant - - [Further Details on Coronavirus Job Retention Scheme](https://www.clearcutaccounts.co.uk/uncategorized/coronavirus-support-job-retention-scheme/) - Our payroll software provider, Brightpay, has provided further details on the above scheme, and how it will work. Although not directly from the government, we feel that this is a reliable source of information. We will of course keep you updated when the government confirms this. The full details are on the link below but, - [Coronavirus Support Information Latest](https://www.clearcutaccounts.co.uk/uncategorized/coronavirus-support-information-latest/) - The Government has updated it's website with summaries of the help available for employers and employees / the self employed. They have provided more information regarding "Furloughed" workers, and the VAT payments that can be deferred. Please see the below links. HMRC Support for Businesses HMRC Support for Employees and the Self Employed - [Coronavirus Support Business Loans Go Live](https://www.clearcutaccounts.co.uk/uncategorized/coronavirus-support-information-latest-2/) - From today 40 main banks in the UK should start taking applications for the Coronavirus Business Interruption Loan Scheme (CBILS). Full details are on the British Business Bank website - link below. Most small businesses should qualify for a loan, but details of how to apply, and who to approach, along with a list of - [Corona Virus Help for Businesses – Update 20/03/2020](https://www.clearcutaccounts.co.uk/uncategorized/corona-virus-help-for-businesses-update-20-03-2020/) - Please find below a summary of all of the information we know so far about the support available, including items announced today at 5pm. Self-Isolation Anyone with symptoms or with anyone in their household with symptoms should self-isolate for 14 days. Employers with less than 250 staff can pay Statutory Sick Pay to those staff - [Employer Help Expected](https://www.clearcutaccounts.co.uk/uncategorized/employer-help-expected/) - Major help for employers expected to be announced at today's briefing at 5pm. This could include subsidising up to 75% of the wage bill for up to 3 months. Please see the below article on the BBC website. https://www.bbc.co.uk/news/business-51969708 - [Corona Virus Help for Businesses – What We Know So Far](https://www.clearcutaccounts.co.uk/uncategorized/corona-information-for-businesses/) - Please find below a summary of all of the information we know so far about the support available. Self-Isolation Anyone with symptoms or with anyone in their household with symptoms should self-isolate for 14 days. Employers with less than 250 staff can pay Statutory Sick Pay to those staff members for up to 2 weeks. - [Corona Virus: Help and Support Update 18/03/20](https://www.clearcutaccounts.co.uk/uncategorized/corona-virus-help-and-support-2/) - After the briefing from the chancellor last night, the following new information has been provided. If you are not a client but need some help, please get in touch and we will do all that we can to help you. It's in times like these that we need to help each other. Government Backed Business - [Corona Virus: Help and Support](https://www.clearcutaccounts.co.uk/uncategorized/corona-virus-help-and-support/) - We have today provided the below information to our clients regarding the effects the Corona Virus may have on their businesses. We thought it would be helpful to share it on our website as well. Please bear with us as the information and advice is changing on a daily basis, and some of the information - [MTD For VAT - The Beginning of the End for the Annual Tax Return?](https://www.clearcutaccounts.co.uk/hmrc/mtd-for-vat-the-beginning-of-the-end-for-the-anual-tax-return/) - Making Tax Digital for VAT is a government initiative that went live in April 2019 for anyone over the VAT threshold of £85k turnover a year. In a nutshell, returns now need to use software to submit their returns to a new government gateway, and cannot use the HMRC portal any more. They will also ## Pages - [Home Page](https://www.clearcutaccounts.co.uk/) - We'll look after everything You can focus on your business! Contact Us NowIn A Mess?In a Bit of a Mess?Behind in your bookkeeping? In trouble with the HMRC? Late returns, arrears, not sure what to do? We won't judge - we'll just help. Contact UsFreeAgent and XeroWe're FreeAgent Friendly and Xero AccreditedSay goodbye to backups - [Contact Us](https://www.clearcutaccounts.co.uk/contact-us/) - Let’s get in touch We know that we can help you and your business. Please call or email us to set up a free first, no obligation meeting at a convenient time for you. Please do not contact us if you are not interested in becoming a client – we do not reply to unsolicited - [FreeAgent: Help to Get Started](https://www.clearcutaccounts.co.uk/freeagent-help-to-get-started/) - If you’re new to Freeagent and need a little helping hand, the below videos will show you some of the basics, and some of the more common problems that we can help you to easily overcome. Before you know it you will wonder how you did without FreeAgent! Subscribe to our Youtube channel for more - [Don't Just Take Our Word for It.....](https://www.clearcutaccounts.co.uk/testimonials/) - Here’s what our clients think about us. Please contact us for a no obligation first meeting. They have helped me immensely I could not recommend Clear Cut Accounts enough. Despite having engaged with another accountant for a number of years, my accounts were an absolute mess. I actually didn’t know exactly how bad they were - [CIS Scheme](https://www.clearcutaccounts.co.uk/clear-cut-accounts-cis-specialists/) - The Construction Industry Scheme is a scheme run by the HMRC. In a nutshell, anyone using a subcontractor within the construction industry must verify them with the HMRC. Then, each time they pay them, they must deduct: • 20% of costs invoiced, less VAT and materials, if they are verified as “Net” • 30% of - [Cloud Software: FreeAgent, Xero, Quickbooks and More...](https://www.clearcutaccounts.co.uk/cloud-software/) - At Clear Cut Accounts we support the latest cutting edge software to make completing your books as quick and easy as possible. We support various cloud software programs, including FreeAgent, Xero, Quickbooks and more. What Is Cloud Software? Cloud software is located on the internet, rather than being loaded on one computer in your office. - [Terms and Conditions](https://www.clearcutaccounts.co.uk/terms-conditions/) - Terms and Conditions of Using This Website The Website is provided by Clear Cut Accounts Ltd of Little Acre, Marianne Rd, Wimborne Dorset BH21 2SQ, United Kingdom. Your use of the Website is subject to the following terms and conditions, which you are agreeing to accept by using the Website. If you do not - [Meet The Team](https://www.clearcutaccounts.co.uk/meet-the-team/) - Phil Richardson Director Phil has been a qualified accountant for over 20 years. He has worked in a wide variety of industries, from housing associations and schools to breweries and charities. He loves cricket, Arsenal, spending time with his children and manages an U15 girl's football team. Sally Richardson Director Sally has over 20 years - [What We Charge](https://www.clearcutaccounts.co.uk/price/) - At Clear Cut Accounts we believe that we can change your business for the better, and save you money, minimising the tax you pay to the HMRC. We also pride ourselves on being open and honest with all of our clients. That's why we clearly state our prices from the start. We give a personally - [Privacy Policy](https://www.clearcutaccounts.co.uk/privacypolicy/) - Who We Are Our website address is: http://www.clearcutaccounts.co.uk. What personal data we collect and why we collect it Contact forms Cookies If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill - [VAT Support](https://www.clearcutaccounts.co.uk/vat/) - Any company with a turnover of more than the VAT threshold in any 12 mth period needs to register for VAT (Value Added Tax). Once registered you then need to keep certain records for VAT and provide details of your VAT registration on receipts to customers. You then need to submit a return quarterly to - [PAYE and Payroll](https://www.clearcutaccounts.co.uk/payroll/) - As an employer running a payroll, you have to charge PAYE on the payments you make to your employees if their earnings reach the personal allowance. You also have to deduct National Insurance Contributions if they earn over the Primary Threshold. Legally you have to provide them with a statement of their wages and these - [Businesses Types](https://www.clearcutaccounts.co.uk/businesstypes/) - When you run your own business there are a variety of different business structures you can use. The main ones are: • Sole Trader • Partnership or LLP • Limited Company All of these businesses have one thing in common - they all need to keep accurate business records and submit returns to the HMRC. - [CIMA Member in Practice](https://www.clearcutaccounts.co.uk/cima-member-in-practice/) - Clear Cut Accounts are a CIMA Member in Practice There are a number of highly respected accounting bodies in the UK, who have members with a range of accounting qualifications. Clear Cut Accounts have two directors - an experienced bookkeeper, and a CIMA qualified accountant who works under the CIMA (Chartered Institute of Management Accountants) ## Testimonials - [Never without a friendly smile...](https://www.clearcutaccounts.co.uk/testimonial/never-without-a-friendly-smile-2/) - [Never without a friendly smile](https://www.clearcutaccounts.co.uk/testimonial/never-without-a-friendly-smile/) - [The advice and support I have received has been second to none.](https://www.clearcutaccounts.co.uk/testimonial/the-advice-and-support-i-have-received-has-been-second-to-none/) - [Technically very capable, yet very human and personable.](https://www.clearcutaccounts.co.uk/testimonial/boardroom/) - [Professional, efficient and extremely friendly.](https://www.clearcutaccounts.co.uk/testimonial/professional-efficient-and-extremely-friendly/) - [Detailed advice that has proven to be invaluable](https://www.clearcutaccounts.co.uk/testimonial/builder/) ## Testimonials - [Professional with a personal touch](https://www.clearcutaccounts.co.uk/testimonial/professional-with-a-personal-touch/) - Always there to offer advice and the team is always efficient at what they do. - [Never without a friendly smile!](https://www.clearcutaccounts.co.uk/testimonial/never-without-a-friendly-smile/) - Sally always has time to answer or deal with any queries we may have and our Self Assessment forms are always dealt with very promptly and competently. Sally is never without a friendly smile... - [Really impressed with their efficient, professional approach in all respects](https://www.clearcutaccounts.co.uk/testimonial/i-have-always-been-really-impressed-with-their-efficient-professional-approach-in-all-respects/) - I have always been really impressed with their efficient, professional approach in all respects... They always provide very clear and detailed advice that has proven to be invaluable and very reassuring. - [I am so pleased to have Clear Cut on board!](https://www.clearcutaccounts.co.uk/testimonial/i-am-so-pleased-to-have-clear-cut-on-board/) - I am so pleased to have Clear Cut on board - they are very thorough, prompt, accurate and explain everything so well and in detail. - [I never need to worry about that side of my business](https://www.clearcutaccounts.co.uk/testimonial/never-need-to-worry/) - Sally also explains everything in a way that I understand. I don’t know what I would do without her. - [Clear Cut Accounts are a breeze to work with](https://www.clearcutaccounts.co.uk/testimonial/clear-cut-accounts-are-a-breeze-to-work-with/) - Clear Cut Accounts are a breeze to work with, I am thrilled with the service they have provided. - [They have helped me immensely](https://www.clearcutaccounts.co.uk/testimonial/they-have-helped-me-immensely/) - They have helped me immensely and I now have complete confidence that they are the accounting team for me going forward. - [Very pleased with the level of advice, explanation and service](https://www.clearcutaccounts.co.uk/testimonial/very-pleased-with-advice-explanation-and-service/) - Their communication is excellent and I have always been very pleased with the level of advice, explanation and service that they provide. - [I wish I had moved over years ago](https://www.clearcutaccounts.co.uk/testimonial/i-wish-i-had-moved-over-years-ago/) - Nothing is too much trouble and they are very responsive to any queries I may have. Helpful, courteous and no nonsense accountancy at affordable prices. - [They have been incredibly helpful and honest](https://www.clearcutaccounts.co.uk/testimonial/they-have-been-incredibly-helpful-and-honest/) - I can't speak highly enough of Phil and Sally, they have been incredibly helpful and honest, and I feel more confident and informed now regarding my accounts. - [Efficient, friendly, fair priced, prompt and nothing is too much trouble.](https://www.clearcutaccounts.co.uk/testimonial/efficient-friendly-fair-priced-prompt-and-nothing-is-too-much-trouble/) - Efficient, friendly, fair priced, prompt and nothing is too much trouble. - [I couldn't recommend them highly enough](https://www.clearcutaccounts.co.uk/testimonial/i-couldnt-recommend-them-highly-enough/) - Sally and Phil are professional and incredibly reliable... I couldn't recommend them highly enough - [Always at the end of the phone or email](https://www.clearcutaccounts.co.uk/testimonial/always-at-the-end-of-the-phone/) - They are always at the end of the phone or email and nothing is too much of a problem. - [Technically very capable, yet very human and personable](https://www.clearcutaccounts.co.uk/testimonial/very-capable-human-and-personable/) - They are on the ball and proactive with my tax and accounts, technically very capable, yet very human and personable. - [Very professional and always give clear advice and guidance in a prompt and efficient manner](https://www.clearcutaccounts.co.uk/testimonial/clear-advice-and-guidance/) - Very professional and always give clear advice and guidance in a prompt and efficient manner - [‘Bucketloads’ of patience and understanding as well as expertise.](https://www.clearcutaccounts.co.uk/testimonial/bucketloads-of-patience-and-understanding-as-well-as-expertise/) - I am very grateful for their ongoing advice which is readily available and provided with ‘bucketloads’ of patience and understanding as well as expertise." ## Categories - [Uncategorized](https://www.clearcutaccounts.co.uk/category/uncategorized/) - [HMRC](https://www.clearcutaccounts.co.uk/category/hmrc/) - [Business](https://www.clearcutaccounts.co.uk/category/business/) ## Tags - [MTD](https://www.clearcutaccounts.co.uk/tag/mtd/) - [HMRC](https://www.clearcutaccounts.co.uk/tag/hmrc/) - [Tax returns](https://www.clearcutaccounts.co.uk/tag/tax-returns/) - [Corona virus](https://www.clearcutaccounts.co.uk/tag/corona-virus/) - [Help](https://www.clearcutaccounts.co.uk/tag/help/) - [FreeAgent](https://www.clearcutaccounts.co.uk/tag/freeagent/) - [Companies House](https://www.clearcutaccounts.co.uk/tag/companies-house/) - [Accounts](https://www.clearcutaccounts.co.uk/tag/accounts/) - [Economic Crime and Corporate Transparency Act](https://www.clearcutaccounts.co.uk/tag/economic-crime-and-corporate-transparency-act/)