James Aims Business

James gives some pointers to consider, when at the point of considering accepting redundancy and starting your own business.

James talks about a universal credit point, when someone who is an "employee" of their ltd co (for HMRC purposes) may yet be "self employed" for DWP purposes.We then discuss the extension to the furlough scheme, and James shares a draft letter he has made available for business owners to issue to their staff, covering matters such as Furlough rotation, holiday pay while on furlough, and starting to think about the future. This letter can be accessed at http://tiny.cc/furloughjames and we hope listeners may find it useful

First episode with new Rode microphone. In this episode James refers to two updates today regarding the pandemic:bounce back loans - see https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-schemes/bounce-back-loans/eligibility checker for the self-employed income support scheme https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-referenceThe bulk of the episode is on challenger banks and the various different cards and products intended to make overseas spending cheaper.

James talks about the CJRS ministerial direction from Rishi Sunak to HMRC, and the other announcements from last week.James also suggests some matters that may have the potential to be the source of future employment tribunal cases.

James talks about the recently-issued guidance to this scheme, which clarifies a number of points.

He also mentions some changes as a result of being in the 2020/2021 tax year.

A brief chat around the different types of ISA, and in particlular a reminder to subscribers that tonight is the last day of the fiscal.

James gives an overview of the support available at this time:

Small business grant funding

grants for retail/leisure

business interruption loan scheme

deferring HMRC payments

statutory sick pay

furlough leave

self-employed income support

James also highlights an issue around the last director of a business, and tells people about some school Maths videos he has shared on his facebook page www.facebook.com/weeklyfd that may help parents as they settle into home schooling.

James gives some comments on the current state of play of coronavirus, some snippets from last weeks' budget, and gives updates (which have made previous podcast content already out of date) on statutory sick pay and IR35.

Chartered Management Accountant James gives some thoughts around the terrible pandemic that is coronavirus

James explains the changes to capital gains tax that take effect on 6th April 2020, and suggestions to mitigate their effect in respect of those who own investment properties in which they have previously lived.