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Category: Business Development

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Help to Grow Campaign

Help to Grow Campaign In the 2021 Budget the government announced two further initiatives to support Companies where they have between 5 and 249 staff. Help to Grow: Management What is it? This June, small businesses will be able to access a 12 week-programme delivered by leading business schools across the UK. The programme will…
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Recovery Loan Scheme

Recovery Loan Scheme The Recovery Loan Scheme is to replace the Coronavirus Business Interruption lOan and the Bounce Back Loan schemes. It ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing COVID-19 loan schemes close, providing support as businesses recover…
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Budget 2021

Budget 2021 So today (3rd March 2021) the Chancellor has released his 2021 budget. Here are the details as announced so far with more to come over the next few days. If you prefer your updates by video click the play button below. The Furlough Scheme He has announced that the Job Retention Scheme, otherwise…
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Government Assistance – Lockdown 3

The Chancellor Rishi Sunak has unveiled some brief plans with regards to extra financial support after yesterday’s lockdown news: – Businesses in the retail, hospitality and leisure sectors will receive up to £9,000 per property in one-off grants as follows: – £4,000 for businesses with a rateable value of £15,000 or under – £6,000 for…
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Virtual Staff Xmas Party – The tax break

Virtual Staff Christmas Parties – The tax break Due to the coronavirus restrictions, many businesses will be unable to host the usual Christmas Party for employees. HMRC have are confirm that the annual parties’ exemption will apply to the costs associated with virtual parties in the same way that it would for traditionally held parties.Therefore,…
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VAT or Income Tax Deferred due to Covid 19 and due in January 2021

VAT or Income Tax Deferred due to Covid 19 and due in January 2021 At the beginning of the coronavirus pandemic, the government gave individuals and  businesses the option to defer, until 2021, payments of Income Tax due by 31 July 2020 and VAT due in the period 20 March to 30 June 2020. This…
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Bounce Back Loans Extended and Top-Ups

Bounce Back Loans Extended and Top-Ups From today participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer small businesses across the UK a top up to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them. The Bounce Back Loan top-up will be available…
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Job Support Scheme

What is the Job Support Scheme? On 22 October 2020, the Chancellor announced further changes to the Job Support Scheme by expanding it into two schemes, Job Support Scheme (Open) for use by business that can continue to trade and Job Support Scheme (Closed) for those that are legally obliged to cease trading under Tier…
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Why you need a Cashflow Forecast

Why you need a Cashflow Forecast Whether you have recently started out in business or are established you may have been told at some point that cash flow issues will kill a small businesses. There are many reports that show just how many businesses fail in their first few years simply by not paying enough…
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Maintaining your NIC contributions record during Covid-19

Maintaining your NIC contributions record during Covid-19 The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their…
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