Lockdown has been a challenging time for most UK businesses, but it’s been especially tough for the retail, hospitality and leisure sectors. Having been forced to close once again, due to the ongoing Covid restrictions, revenues are down and cashflow is looking tight. To help you overcome this cashflow challenge, the UK Government has […]
Keep readingNEW YEAR RESOLUTIONS TO SAVE TAX At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances for the 2020/21 tax […]
Keep readingThe 2020/21 tax year has been a tough time, financially speaking, for many of us. So it’s no surprise that many owners, directors and self-employed individuals are concerned about having enough funds to pay their self-assessment income tax bill. The good news is that HM Revenue & Customs (HMRC) does have a facility for spreading […]
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If you’re going to grow your company in the right way, pinning down your goals and having a clear vision for the business from the outset is vital. You may want to increase profits and create an income that supports your lifestyle, or you are looking to increase market share and aim for hypergrowth. You […]
Keep readingCLAIM YOUR “FURLOUGH” GRANT BY 14TH We now have further details of the operation of the extension of CJRS “furlough” that will apply from 1 November 2020 through to the end of March 2021. The government support will initially be at the rate of 80% of an employee’s reference pay for hours they are […]
Keep readingNo-one wanted another England-wide lockdown, especially as many UK businesses were barely back on their feet following the original March 2020 lockdown. But the seriousness of the Covid-19 situation in the UK has resulted in another business shutdown – and that’s going to make the next few months a real challenge for many small businesses. […]
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NEW “FURLOUGH” SYSTEM FOR EMPLOYEE WAGES UP AND RUNNING Welcome to our monthly newsletter. We hope you enjoy reading this newsletter and find it useful. Please contact us if you would like to discuss any matters further. “FLEXIBLE FURLOUGH” STARTS 1 JULY From 1 July the new CJRS “Flexible furlough” grant scheme starts, which will […]
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NEW “FURLOUGH” SYSTEM FOR EMPLOYEE WAGES UP AND RUNNING The Coronavirus Job Retention Scheme (CJRS) claims portal opened on Monday 20 April and early indications are that it seems to be working smoothly but with a few teething problems as you would expect from a brand-new system. In the run up to the start of […]
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The current COVID-19 crisis has many businesses globally mandating employees to work from home due to Government requirements. This could be a major adjustment if you are a company who is new to working remotely. You and your employees may have been unprepared to turn living spaces into workspaces for the foreseeable future. The daily […]
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