Who would have believed that during the third month into 2020 the UK would be socially distancing, High Street retail businesses, restaurant, bars and pubs and leisure businesses all over the UK would have been forced to temporarily close their doors the to general public and every business or personal email sent out would start with “hello, how are you, hope you are OK and I hope you are staying safe”.
Continue readingCategory Archives: Business
COVID19: Homeworking businesses hit by increased fraud
The number of criminals fraudulently attacking businesses is on the increase. There is a lot of news about individuals being targeted during the current pandemic but there is a huge risk to businesses as well. Homeworking businesses are being hit by increased fraud.
Continue readingCOVID19: New Bounce Back Loan Scheme – 100% government backed loan scheme for small business
Updated 29 April 2020: Following Monday’s announcement by Rishi Sunak, (27 April 2020) small businesses will benefit from the new fast-track Bounce Back loan finance scheme. The aim to provide loans with a 100% government-backed guarantee for lenders. If you are a smaller company who struggled to get a CBILS loan then this could be for you.
Continue readingCOVID19: What funding is available for my business?
Funding options and criteria available to you during COVID19 can be complex, which is why The Federation of Small Business have simplified the process so you can easily check your eligibility for different schemes. You’ll find tailored information for businesses in England, Wales, Scotland and Northern Ireland, as well as advice on what you can access if you’re self-employed. Download the PDF guide for your home nation to get started.
Continue readingCOVID19: NHS workers are exempt from IHT (Inheritance Tax) if killed by Covid19
Emergency services workers, including members of the NHS, are exempt from paying Inheritance Tax if they die from COVID19.
Death is a horrible subject to tackle at any time but during the COVID19 pandemic NHS workers do need to be made aware of this tax exemption and seek professional advice or risk paying the standard inheritance tax.
Continue readingCOVID19: Coronavirus Job Retention Scheme (CJRS) – emerging issues & answers
Updated: 22 April 2020: Following emerging issues about the Coronavirus Job Retention Scheme (CJRS) from HMRC, the ICAEW has released amended guidance. We have updated our “top 10 questions answered” to include these amendments
Continue readingWorrying about affording your monthly car finance during the Coronavirus crisis?
The Financial Conduct Authority (FCA) has announced a package of measures covering motor finance and high cost credit agreements to directly support you if you are facing payment difficulties due to coronavirus. Read on if you are worrying about affording your monthly car finance during this Covid19 crisis.
Continue readingCOVID19: Loan scheme expanded to help larger businesses
The Chancellor has announced an expansion to the UK government-backed loan scheme for large businesses affected by coronavirus in a bid to help larger businesses through this crisis.
Continue readingCOVID19: Government launches new coronavirus business support finder tool
The Government have announced their new ‘support finder’ tool. If you have a UK business or are self-employed, the aim of the new tool is to quickly and easily determine what financial support is available to you during the coronavirus pandemic.
Continue readingThis is the time to take a Business MOT
We’re part way through the Covid19 lockdown. Easter is over and at the time of writing, we do not know exactly when quarantine will be eased. As the days stretch before us business owners, who may or may not be currently trading, there is time for many to give your company a MOT: to get prepared for the future, whatever this may bring.
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