The COVID-19 pandemic has been unprecedented on both individual livelihoods and on the economy overall. For businesses, both large and small, the question that everyone has been asking is “What support is available to businesses during the coronavirus pandemic?” The answer to this is constantly changing with the evolving tier system, localised lockdowns and national […]

As a business, you should be well aware by now that VAT deferral was introduced earlier this year to help small businesses cope with the economic fallout of the Coronavirus pandemic. To reiterate, VAT payments were deferred for the 20th March – 30th June 2020 period. If you’re one of the businesses subject to VAT […]

If you are a freelancer or business owner juggling the demands of remote work, you might wonder what this means for employees or yourself claiming expenses. Already, more than one million people have claimed for tax relief on their working from home expenses, saving them up to £140 a year. Here’s a quick guide to […]

Just when it seemed businesses could return to their ‘normal’ operations, the UK entered another national lockdown. If your business struggled to survive the last lockdown or you did not achieve the growth targets you wanted to due to lockdown, business planning will be the key to your business not only surviving but thriving during […]

Workers across the United Kingdom will benefit from increased support with a five-month extension of the furlough scheme into Spring 2021. The furlough scheme will now be extended until the end of March with employees receiving 80% of their current salary for hours not worked. Employers of any size are eligible for the furlough scheme. […]

Business accounting can be one of the more complicated parts of running your own business. From tax rate changes to keeping track of import and export tariffs for international businesses, it can be almost impossible to get everything right. Here are just a few of the risks of running your company’s finances without using an […]

With the UK facing more and more lockdown restrictions, it is a tricky time for businesses. The new tier system has made things all the more confusing, with different areas facing different rules and restrictions. If you find your local area being plunged into Tier-3, it can leave you wondering just where you stand. Tier-3 […]

The furlough scheme, which was announced back in March, will end on the 31st of October. Although it is not being extended, it is being replaced by the Job Support Scheme. How does it work? The Job Support Scheme will be available if your business is allowed to open but your employees are returning part-time. […]

Bookkeeping is nobody’s favourite task, but unfortunately, it’s one that can’t be avoided. If you’re a small business, you’ll most likely update your own books, so we’ve put together some tips to make the process easier: Always separate personal and business finances We find that many small business owners make the mistake of confusing their […]

If you own a business of any size, it is inevitable that you will have to pay certain kinds of tax. For new businesses and start-ups, working out which taxes apply to you can be daunting and confusing. Not paying the correct tax or missing deadlines can have very negative consequences to your business. To […]