THE FIFTH SEISS GRANT
The fifth instalment of the Self-Employment Income Support Scheme (SEISS) grant opened at the end of last month. This is expected to be the last available grant to self …
INCREASING TRENDS OF SCAMS AND SAFEGUARDS
The synergy of Brexit and the COVID-19 pandemic has brought significant instability and confusion in the operating environment of the business in the United Kingdom. This confusion and instability has …
Super Deduction Tax Breaks
What is it and how does it work? The super deduction £25 billion tax break, announced by Chancellor Rishi Sunak as “bold and unprecedented”, is intended to accelerate investments by …
Summer Budget 2020 – A temporary SDLT reduction
In his Summer economic update, as part of the ongoing government support during the COVID-19 crisis, the Chancellor announced a temporary reduction to Stamp Duty Land Tax (SDLT) on residential …
Mini budget announcement and what it means for you
What does the Summer Statement mean for small businesses? Chancellor Rishi Sunak has announced a package of measures to help small businesses survive the coronavirus pandemic, as the second phase of government …
Changes to the furlough scheme and what that means for you
Rishi Sunak announced this evening (29 May 2020) changes to the Coronavirus Job Retention Scheme, with businesses starting to share the cost of furloughing staff from August 2020 onwards. August: …
ALMOST HALF OF SMALL BUSINESSES DO NOT INTEND TO REPAY GOVERNMENT LOANS
Small business owners do not believe they will be taken to court for failure to pay, or they fear they will have gone bust within a year. A shocking 43% …
Support for businesses through deferring VAT and Income Tax payments
Rishi Sunak also announced this evening, that small businesses would be able to defer next quarter’s VAT, a direct injection of £30bn of cash-flow support for SMEs The government will …
Support for businesses through the Coronavirus Job Retention Scheme
Chancellor Rishi Sunak has announced a Coronavirus Job Retention Scheme to protect small business jobs. Any PAYE-qualifying small business employee will qualify for the Coronavirus Job Retention Scheme, which will cover …
How to get the government’s £10,000 cash grant for small businesses
On 17 March the chancellor announced an increase in the small business coronavirus cash grant, taking it from £3,000 to £10,000. This is part of a £330bn package of support …