Why pay your bills early?
If your suppliers offer you goods or services on credit, this will have a beneficial impact on your cashflow. You will have had the benefit of using the goods or services supplied,
Directors paid annually – furlough update
The Coronavirus Job Retention Scheme allows employers to claim cash grants of up to 80% of wages (capped at £2,500) for furloughed workers.
In the most recent update to
Low interest rate for Bounce Back Loans
The Bounce Back Loans scheme first announced by the Chancellor, Rishi Sunak, in late April was launched on 4 May 2020. The new scheme allows small businesses to borrow between
Making a claim under the Self-employed Income Support Scheme
As we have written previously, if you are self-employed and qualify for the Self-employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits,
Treasury instructions to HMRC re SEISS
On 30 April 2020, HM Treasury published its Direction to HMRC giving statutory footing for the Self-employment Income Support Scheme (SEISS). The document makes it clear that one
Time for flexi-time?
The present lock-down has had a varied effect on UK businesses.
Obviously, firms that operate in hospitality, tourism and retail – where in the main, the no-contact
Time to plan
Up to the lock-down, most business owners were fully engaged in running their businesses and chasing new sales opportunities. The opportunity to take time out to consider
Additional funding for SMEs in Scotland
The Scottish Government has announced a new £100 million package of additional grant support for small and medium sized businesses (SMEs) and newly self-employed people.
The
Furlough scheme extended to 30 June 2020
The Coronavirus Job Retention Scheme will now be available until at least 30 June 2020. Payments under the scheme can be backdated to 1 March 2020 for employees who met the
Self-employed Income Support Scheme
If you are self-employed and qualify for the Self-employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits, up to £2,500 per month.