Changes to Tax Department

It’s all change in the Tax department; 2 promotions & a new starter!

Rebecca Neville has been promoted to Assistant Manager, and Amit Kotadiya has been promoted to Team Leader. Rebecca has been at Hart Shaw since 2016, and Amit since 2019. These are both very well deserved promotions and reflect their work within the department.

We look forward to seeing how they thrive in their new roles.

Joining the department this month is Cory Goodwin, who will be continuing to study towards his ATT qualification.


Welcome to BSD!

Over the last few months Hart Shaw have welcomed 10 new starters to the Business Services department.

We have welcomed back Megan Herrington to begin her studies towards an ACA qualification. Megan first came to Hart Shaw in 2019 to do her placement as part of her degree.

Joining Megan in studying towards their ACA qualification are Samuel Cray & Hannah Leflay.

Starting their journey towards an AAT qualification are; Jessie MacDonald, Madison Bonsall & Daniella Hunt.

As a training firm, Hart Shaw have been guiding students to reach their goals and gain their qualifications for several years. Each member of staff at Hart Shaw brings with them different experiences and expertise to share with new staff members just beginning their careers.

We have also welcomed Iestyn Bartley, April Elliott & Olga Lycett for their University placement this year, and Jubayer Sheik has joined the department as semi-senior.

We wish everybody the best of luck as they continue to study towards each qualification.


Post Budget Planning

In his recent 2021 budget, Chancellor Rishi Sunak announced a mix of positive and negative changes for business owners to consider.

The Chancellor announced the super-deduction allowance for companies investing in new plant and machinery, a temporary increase in the carry-back period for business losses and an extension to the temporary 5% reduced rate of VAT. However, he also announced an increase in corporation tax from 2023.

As we emerge from a global pandemic, effective tax planning is crucial.

Unfortunately, many businesses affected by the COVID-19 pandemic have made significant losses, therefor cashflow is likely to be the thought at the front of business owners minds right now.

“Would it be better to carry losses back and recoup some tax previously paid at 19%?”

“I expect my business to recover, and maybe expand. Would I be better carrying forward losses to save future tax at the higher rate of 25%?”

It is always a good idea to seek professional advice before making any big decisions regarding the future of your business. Whatever questions you might have, Hart Shaw’s talented corporation tax team can help you.

Call us on 0114 251 8850 or email Steve.Vickers@hartshaw.co.uk


Read a copy of our 2021 budget booklet here.

Our 2021/22 tax card is available to view online now.


Happy New Year!

As with the rest of the country, we have had a strange return to the office in 2021!

Even though we are now back to working from home where possible, our switchboard will still be manned 09:00 – 17:00 (Mon-Thu), 09:00 – 16:00 (Fri) for any enquiries.

Some brighter news for 2021; Thomas Wright and Rebecca Booker from our Business Services department have passed their final exams and are now fully qualified Chartered Accountants. Congratulations to you both – we wish you a very succesful career.

As always, we are here to help. You can get in touch with your usual Hart Shaw contact via email, or call the office on 0114 251 8850.

Happy New year from all at Hart Shaw


Graduate Job Opportunity

Hart Shaw LLP are currently seeking motivated, hardworking individuals who are looking to progress with a career in accountancy.

The successful applicants will join our growing Business Services team, carrying out a number of different assignments from accounts preparation to audit, gaining exposure to clients of various sizes and industries. The individuals will be responsible for delivering high quality work and providing support to our clients and our team.

The role involves working as part of a team, both in the office and at client premises. Therefore, the ideal candidate is somebody who works well with others and is confident communicating with clients and colleagues.

The position offers the opportunity of a fully funded study package towards the ACA qualification which includes time off to study, attend college and complete online courses. Your professional qualification is only part of the story at Hart Shaw; we support all of our trainees with classroom study, mentoring and softer skills training and dedicated on the job training.

We invest heavily in the training and development of our staff to enable their progression throughout the firm and this is a great opportunity for those individuals who want to achieve this.

Hart Shaw are a full service, regional, independent firm who provide a first-class range of comprehensive services surrounding accountancy and business advisory. We are dedicated to delivering support and practical solutions tailored to each of our clients to maximise their success and profitability. We specialise in audit and accounts preparation, personal and corporate tax planning, corporate finance, payroll, and business turnaround.

Our partners and senior members of staff have progressed through the firm, could you be next?

Please send your CV and covering letter to Katrina Fletcher at Katrina.fletcher@hartshaw.co.uk



Brexit Update – Construction Sector


There’s just over a month to go until the end of the transition period and there will be new rules to follow from 1st January 2021 onwards.

You can find out what you need to know by visiting http://www.gov.uk/construction-2021

Here are some things you can do to get prepared:

Check the new rules on importing and exporting goods between the EU and Great Britain from 1st January 2021. Different rules will apply in Northern Ireland.
Your business could face delays, disruption, or administrative costs if you do not comply with new customs procedures from 1st January 2021.
Use GOV.UK to identify changes affecting manufactured goods, such as new marking requirements or approvals needed, to ensure your business is ready to sell them in the UK and EU.
You may not be able to sell your goods in the UK and the EU from 1st January 2021.
If you are planning to recruit from overseas from 1st January 2021, you will need to register as a licensed visa sponsor.
You may not be able to legally hire people from outside the UK if you do not have a licence. New employees from outside the UK will also need to meet new job, salary and language requirements. Irish citizens and those eligible under the EU Settlement Scheme are not affected.
If you are moving goods into, out of. Or through Northern Ireland, check the latest guidance.
At the end of the transition period, the Northern Ireland Protocol comes into force. There will be special provisions which only apply in Northern Ireland so if you move goods into, out of, or through Northern Ireland make sure you check the latest guidance at http://www.gov.uk/northern-ireland-trade

The Government is providing a range of support, including webinars to walk you through the changes, These are available to watch on demand at http://www.gov.uk/transition-webinars You should also check with your suppliers and customers that they are taking action.

These are challenging times, but the transition period is ending on 31st December 2020, and there will be NO EXTENSION.

Unless you take action, there is a risk your business operations will be interrupted.

As always, we are here to help you. If you have any questions about anything mentioned above you can get in touch with your usual Hart Shaw contact, or call us on 0114 251 8850


Extension of Job Retention Scheme

On 5 November 2020 the Chancellor, Rishi Sunak, announced changes to the package of support measures being introduced as a consequence of a second national lockdown for England. In the original package the Coronavirus Job Retention Scheme (CJRS) was extended until the planned lifting of the lockdown on 2 December. The Chancellor has now announced that the CJRS will be extended to the end of March.

Extended CJRS – government support

The extended CJRS applies to all of the UK. The scheme follows the flexibility of the CJRS and so can be used for employees for any work pattern including full-time furlough.

Employees will receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. Calculations will broadly follow the same methodology as under the CJRS. Employees can top up employee wages if they wish. Employees will be paid for worked hours by their employer on the terms in their employment contract.

Under the scheme employers can claim for the salary received by the employee for hours not worked. Employers will need to cover the employer Class 1 National Insurance contributions and employer pension contributions.

There is no gap in support between the previously announced end-date of the CJRS and the extended CJRS.

The government will review the amount of support given in January to decide whether economic circumstances are improving enough so that employers will need to make more contributions for hours not worked.

Extended CJRS – eligibility

All employers with a UK bank account and a UK PAYE scheme can make a claim. Neither the employer nor the employee needs to have previously claimed or have been claimed for under the CJRS to make a claim under the extended CJRS.

An employer can claim for employees who were employed and on their PAYE payroll on 30 October 2020. The employer must have made a PAYE Real Time Information (RTI) submission to HMRC between 20 March 2020 and 30 October 2020, notifying a payment of earnings for that employee.

In addition, employees who have recently been made redundant or stopped working for the employer can be re-employed. The employees must have been employed and on the payroll on 23 September. The employer must have made an RTI submission to HMRC from 20 March 2020 to 23 September 2020, notifying a payment of earnings for those employees.

When can a claim be made?

The extended CJRS will operate as the previous scheme did, with businesses being able to claim either shortly before, during or after running payroll. Claims can be made from 8am Wednesday 11 November.

Claims made for November must be submitted to HMRC by no later than 14 December 2020.

Claims relating to each subsequent month should be submitted by day 14 of the following month, to ensure prompt claims following the end of the month which is the subject of the claim.

HMRC guidance

HMRC guidance is still being developed. Below are some links to guidance which will be updated (and continue to be updated) in the next few days:

Which employees can be put on the CJRS?: https://bit.ly/3enpXoU 

Reporting employees’ wages: https://bit.ly/32bbx6y

Claim for wages: https://bit.ly/3kZQmvu

How much you can claim: https://bit.ly/3mOKjdR.

Job Support Scheme

As part of the Winter Economy Plan Chancellor Rishi Sunak announced the introduction of the government’s new Job Support Scheme (JSS). There have been two revisions to the plan since then. The JSS was due to be introduced from 1 November until 30 April 2021. We may see the JSS being introduced after March, but the government is planning to review the terms of the JSS in January anyway. As a result, we are not covering the detail of the JSS here.

Jobs Retention Bonus

The Jobs Retention Bonus was announced by the Chancellor in July. The Bonus was to have provided a one-off payment of £1,000 to UK employers for every furloughed employee who remains continuously employed through to the end of January 2021 and who earned at least £520 a month on average between 1 November 2020 and 31 January 2021.

The purpose of the Bonus was to encourage employers to keep people in work until the end of January. The government now considers that with the extension of the CJRS, the policy intent of the Bonus falls away. The government intends to redeploy a retention incentive at the appropriate time.

How we can help

Please be assured that we are here to provide you with support, so please contact us if you have any queries on the extension of the CJRS.



Job Vacancy – Full Time Receptionist


Welcoming 8 new starters to Hart Shaw

Over the last couple of months, Hart Shaw have been pleased to welcome 7 new members of staff to our Business Services department, along with welcoming back a former placement student, plus a new addition to our Tax department.

James Burrows and Katy Marshall have joined us as Business Services Semi-Seniors. James is ACA qualified, and Katy is part way through her ACA qualification.

We have welcomed Jack Haslam & Sam Poppleton, who are studying towards their ACA qualification after recently graduating University.

Claudia Daley has joined us a Business Services Junior and will be studying towards her AAT.

Emma Herring has joined our Tax department as a Tax Assistant. She is studying towards her AAT and will initially be focusing on Personal Tax work.

As a training firm we welcome students to join us for a placement year which gives them access to a wealth of accountancy experience as they learn from different staff members, all in various stages of their careers. This year we welcome Ellie Stones and Trevyn Woolf.

Lauren Kerrigan joined us for her placement year in 2018/9, and after returning to university for her final year, she has graduated and will be working towards her ACA qualification with us.

Whilst starting a job during a global pandemic is not ideal, they have all settled into the team very well and will be a great addition to Hart Shaw.

We wish them the best of luck!



Are you looking to make redundancies when the furlough scheme ends?

The 15th September is one of a number of key dates with regards to the furlough scheme.

This is a ‘cliff edge’ date for conducting the minimum 45 days collective consultation prior to the end of the Coronavirus Job Retention Scheme (commonly referred to as the furlough scheme) on 31st October 2020. This date is key if you may be thinking of or planning to make a number of roles in your business redundant.

This is one of the many questions we look at in our handy guide – Furlough Explained: Answering SMEs Burning Questions.

Get in touch to receive your copy.



September 2021