COVID19: The Bounce Back Loan and the Power of Protection

The Bounce Back Loan is designed to inject much needed cashflow to businesses to get the cogs of the economy moving again. If your limited company cannot bounce back, and has to close down, what happens? Well, usually bank borrowing is underpinned by a director’s personal guarantee which results in you having to repay the debt, when you’ve just lost your income. Ouch!

Continue reading

7 key warning signs your business is in danger

The phrase “the writing is on the wall” is often used by onlookers who can see what is coming before those involved can. In commerce, it is used as a warning sign that a business is failing. As a company director, how do you really know if the writing is on the wall for your business? 

Continue reading

HB Accountants – how to choose an accountant and tax specialist

Quite often we hear “I am a business owner but my company finances are not the first thing I think about when I get out of bed in the morning!”  We get this! That’s why we’re here!

Continue reading

Self-employed: Managing cash and risk in uncertain times

The Covid-19 pandemic has repercussions for every business. There are a range of support
measures available to the self-employed, and this briefing sets out guidance on some of the
many questions you are likely to have and although this is uncharted territory for everyone,
there are still basic management strategies that will help minimise risk to you and your business.

Continue reading

Companies: Managing risk in uncertain times

Even the best-run and longest-established.businesses across the country continue to feel the adverse effects of the coronavirus (COVID-19) lockdown, whilst the UK government announces measures to keep the economy buoyant during the pandemic, managing risk and cash flow in these uncertain times is critical.

We have produced a three-page factsheet providing information for you and your business on:

Continue reading

COVID19: Reimburse employees, tax-free, for costs incurred by working from home

If your employees are working from home at the moment, they may be saving money by not commuting or buying lunches, however, they are likely to be incurring costs, such as from increased household bills. Employers can reimburse these expenses, tax free, within prescribed guidelines. Read on to learn more. 

Continue reading

COVID19: HMRC’s Coronavirus Job Retention Scheme (CJRS) claims corrections facility now live

Calculating the correct amounts of employees costs to claims under HRMC’s furlough scheme and the lack of an error correction facility during the claim process has given a headache to many an employer. The online error correction facility only applies to over-claims of CJRS grants

Continue reading

COVID19: Coronavirus Job Retention Scheme: 10 June cut off and ‘flexible furloughing’ from July

Chancellor of the Exchequer Rishi Sunak has outlined further details on how the government support for employers will operate during the easing of lockdown measures and as the government encourages employees to return to work.

Continue reading

COVID19: Planning to return to the workplace post lockdown

Over the last few weeks the Government has signalled that businesses can start to operate again. The manufacturing and construction sector have returned and this week has seen the return of Nursery, Reception, Year 1 and 6 to our primary schools. All environments are having to operate in different ways than pre Covid19. How are you and your company implementing the return to the workplace post lockdown?

Continue reading

COVID19: Tax-Free Childcare and 30 hours free childcare changes eligibility have changed during Coronavirus

Temporary changes have been made to the eligibility criteria for Tax-Free Childcare and 30 hours free childcare, during coronavirus.

The changes may affect you if you, or someone you live with, are:

  • on furlough
  • not able to work or you’re working less
  • self-employed
  • a critical worker
Continue reading