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You might have read our recent article about how to prepare your business for the end of furlough, but a lot has changed since then. Following the government’s recent decision to enforce another Coronavirus lockdown, there is now a plan to extend the Coronavirus Job Retention Scheme from the start of December until 31st March […]
What Is Postponed Accounting? Following on from the Brexit deal, the current law regarding VAT on imported goods is going to be changing from January 2021. However, postponed accounting has been reintroduced to help businesses with this change. Postponed accounting post-Brexit will mean that any VAT registered business will not have to pay VAT on […]
The main purpose of the Coronavirus Job Retention Scheme put in place by the government on the 20th March 2020 was in order to avoid the large rise in employment which was inevitable for the future of many businesses. As of 16th August 2020, the Job Retention Scheme was supporting 1.2 million employers which accounts […]
Following on from the effects of the COVID-19 pandemic on the economy, the government has continued to respond quickly and effectively to the impact of COVID-19 on SMEs all over the country. One way they have supported SMEs is through the introduction of the £5K technology grant, offering a total of up to £20 million […]
We have covered many types of financial support for SMEs since the outbreak of COVID-19, but we haven’t yet touched on what support is available for the self-employed. So, are you self-employed and in need of financial support due to the COVID-19 outbreak? In this blog post, we will discuss the financial assistance supplied by […]
The Economic Impact From The COVID-19 Outbreak At the beginning of the COVID-19 outbreak, it was predicted that there would be a large drop in business output, but for just a short period of time. This is because the government predicted that the pandemic would be under control and businesses would be up and running […]
It is evident that COVID-19 has caused both financial gain for some industries, yet put financial strain on others and this financial strain is very visible in many SMEs. The COVID-19 pandemic has even caused some SMEs to have no choice but to stop operation. In this article, we will discuss five tips on how […]
As Covid-19 has become known as one of the world’s most renowned viruses since the Ebola outbreak in 2013, it wasn’t long until the widespread disease became known as a global pandemic. Announced by Boris Johnson on Monday 23rd March, the government has imposed strict new measures in order to tackle Coronavirus. Boris Johnson stated […]
Cash flow is the movement of money transferring in and out of a business, and in the UK, cash flow is a common problem for SMEs. Poor cash flow can be detrimental to a company’s strength, let alone its ability to grow. Over half of SME owners have played witness to cash flow problems, meanwhile, […]
As we enter a new decade, it is becoming more and more evident that we are in an environmental crisis. This justifies the sales of electric vehicles which rose by 144% in 2019, followed by a major decline in the popularity of diesel-fueled cars. This has triggered the government to cut down on their attempt […]