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
How can Small Local Retailers have a Successful Christmas?
Perhaps unsurprisingly, recent figures have shown that retail footfall declined in November and was expected to fall by 62% over the six-week period leading up to 22 December. This is clearly a very challenging period for the retail sector, especially for those small...
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...
What are Growth Shares?
Growth shares entitle key employees to share in the future growth of the company. They are commonly used to reward or incentivise employees but can also be useful for effective inheritance and succession planning. What are growth shares? They are a separate class of...
How has COVID-19 affected the haulage industry?
How has COVID-19 affected the haulage industry? In this article, we will be covering how COVID-19 has affected the haulage industry. The data we will be using in this article is from a series of surveys undertook by the Road Haulage Association (RHA) in April 2020. In...
All non-essential shops expected to reopen from 15 June
All non-essential shops expected to reopen from 15 June The Prime Minister, Boris Johnson has announced that all non-essential retailers in England will be able to reopen from 15 June but added the caveat that this is “contingent on progress in the fight against...
Coronavirus Statutory Sick Pay Rebate Scheme
Coronavirus Statutory Sick Pay Rebate Scheme If you are an employer, you may be entitled to use the Coronavirus Statutory Sick Pay Rebate Scheme. The government is set to launch this online scheme on 26 May 2020. This scheme is aimed at small and medium-sized...
The Local Discretionary Grants Fund
The Local Discretionary Grants Fund The Department for Business, Energy & Industrial Strategy has set up a discretionary fund to accommodate small businesses outside the requirements for the business grant funds scheme. Who is this scheme aimed for? This...
Self-Employment Income Support Scheme Applications are open
Who can Claim? If you are a member of a partnership or self-employed and: you traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year. you traded in the tax year 2019 to 2020. you intend to continue to...
The Government has announced a scheme worth £1.25bn to help start-ups
Government announce scheme worth £1.25bn to help start-ups This new scheme is for start-up businesses that do not qualify for any of the other COVID-19 business support schemes. Chancellor Rishi Sunak said this would help start-ups through this difficult period plus...
Coronavirus Job Retention Scheme Update
How to apply for a furlough grant The application webpage for the government job retention scheme is expected to go live on 20 April with grants being subsequently paid from 30 April. Authorised agents who act for PAYE purposes should be able to make claims on behalf...
Tough times ahead for UK economy says Chancellor
Tough times ahead for UK Economy The Office for Budget Responsibility (OBR) have said that the economy could decrease by as much as 35% by June. It is important to say that this is only one possible scenario. The figures from the OBR show the scale of the impact that...