What is the Self-Employed Income Support Scheme (SEISS)?
If you’re self-employed or a member of a partnership and your work has been adversely affected by COVID-19, you could be eligible to claim a grant through the UK government’s Self-Employment Income Support Scheme. *UPDATE*:You may be eligible to claim a third grant worth of 80% paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. You must make your claim on or before 29 January 2021.
15 Dec 2020
Key tax dates and deadlines 2020
There are several key tax deadlines throughout the year to be aware of. In order to keep on top of your accounting duties and avoid any pesky penalties, be sure to put the following key dates in your diary. IMPORTANT UPDATE: Due to coronavirus, you may be able to delay (defer) some tax payments without paying a penalty. For the latest information on this, visit gov.co.uk. (If in doubt, always ask a qualified accountant.)
15 Dec 2020
5 Things to Know about Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme (CBILS for short) provided SMEs experiencing revenue loss and cash flow disruption due to the COVID-19 pandemic with access to financial support of up to £5 million. Whilst the scheme is now closed, it was part of the UK government’s wider temporary and targeted support for businesses package and was administered through loans, overdrafts, invoice finance and asset finance. There is still support available for larger companies via the COVID-19 Corporate Financing Facility. Through this scheme, the Bank of England will buy short term debt from larger firms that are experiencing a short-term funding squeeze, enabling them to finance their short term liabilities.
14 Dec 2020
The ultimate guide to working capital
A steady flow of working capital is vital for any business hoping to achieve long-term success. A company can have significant assets and profitability, yet find themselves unable to survive due to lack of working capital. This guide is for business owners interested in finding out more about working capital and how to calculate it, as well as those searching for sustainable practices that will help them optimise their flow of working capital.
15 Dec 2020
How to register a limited company - checklist
There are numerous benefits associated with registering your business as a limited company. For instance, incorporating can help you build brand credibility and protect your personal assets. The process isn’t as long as it used to be and can take just a few hours. When you’re ready to register your business as a limited company, you’ll have to submit an application form to Companies House via the HMRC website. You can also download the form in PDF format and submit it manually. Some people decide to use a third party (such as their accountant) to process the application. Either way is fine! The following checklist will help you prepare the information you need to complete the application process smoothly.
15 Dec 2020
Nearly 3 million UK small businesses struggle as Brexit bites
Research by Funding Options, the UK’s leading business finance marketplace, has revealed that half (51%) of UK small and medium business1 owners need more help to take control of their finances – equating to 2.86 million small businesses who are struggling alone.
18 Oct 2021
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