Like many businesses in the UK, you may have deferred VAT payments between 20 March and 30 June 2020. If this is your situation and you still have payments to make, then you may be interested to know that there are some options available to you. You can: pay the...
Latest News
Additional COVID Support Announced for Businesses
Two new COVID support schemes have now been made available to businesses Restart and Recovery Fund Supply Chain Grants Restart and Recovery Fund From Wednesday 2nd December businesses will be able to apply for the Restart and Recovery Fund. This £1.1m...
The Impact of a Second National Lockdown on Charities
Due to the combination of increasing demand and the decreasing income it is estimated that a funding gap of around £10bn has been created across the charity sector over the past six months. Recent research conducted before the second lockdown was announced showed that...
Government Increases Business Support Across England
The Prime Minister has recently announced that the following schemes will all be extended to 31 January 2021: Coronavirus Business Interruption Loan Scheme (CBILS) Coronavirus Large Business Interruption Loan Scheme (CLBILS) The Bounce Back Loan Scheme (BBLS)...
WFH Tax Relief: Employees can reclaim £129.60
HMRC launch microservice to aid employees working from home as a result of COVID-19 reclaim expenses HMRC has simplified the process for applying for working-from-home tax relief due to an influx of applications, with more people working from home as a result of the...
Has COVID-19 Changed our Spending Habits?
Introduction In this article, we are going to be discussing COVID-19 spending habits. The use of cash is declining quicker The amount of cash being used was decreasing before the coronavirus lockdown and the coronavirus pandemic has only sped this up. Customers are...
Is the Retail Sector Slowly Starting to Recover?
The latest figures from the Office for National Statistics certainly suggest that the retail sector is slowly recovering since the coronavirus crisis. In July 2020 the volume of retail sales increased by 3.6% and is 3% higher than pre-pandemic levels in February 2020....
Chancellor Announces Job Support Scheme
The Chancellor Rishi Sunak has announced a new Job Support Scheme to top up the wages of workers on reduced hours along with other emergency measures to assist businesses. We have provided a summary of the announcements. Job Support Scheme The new Job Support...
Mortgage Payment Holidays set to End on 31 October
It is expected that Mortgage Payment Holidays will expire on 31 October 2020 (according to Britain’s financial watchdog). Even though many homeowners may be finding it difficult to pay their mortgage. The Financial Conduct Authority (FCA) did extend the scheme in June...
Built-up property demand is causing faster sales
Research by Zoopla has suggested that built-up property demand has caused properties to sell much faster. Zoopla has reported that sales agreed through their property portal is 76% more than the current five-year average. One of the reasons is due to the temporary...
The Increased Cybersecurity Risks of Home Working
With more people working from home than ever before, cybersecurity risks have increased significantly. Remote working can expose vulnerabilities within your cybersecurity and it is very important that you have the best practices in place to reduce the chances of a...
Eat Out to Help Out – over 64 million meals
Eat Out to Help Out - over 64 million meals The government has announced that more than 64 million meals were enjoyed by diners across the country during the government's Eat Out to Help Out discount scheme. The scheme closed on 31 August 2020. Government figures show...