News
Almost two-fifths of small businesses are looking to trade overseas
22 March 2021
Despite the impact that Brexit has had on trade in the UK, a new survey conducted by YouGov has found that 38 per cent of small businesses are likely to trade overseas this year. The study, commissioned by Lawbite, found that of the 791 small businesses questioned two-fifths were planning to trade overseas, which scaled...
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National Living Wage and National Minimum Wage rates to increase from 1 April
22 March 2021
The Government is pressing ahead with plans to increase the rates of the National Living Wage (NLW) and the National Minimum Wage (NMW) from 1 April 2021, while people aged 23 and 24 will be entitled to the National Living Wage for the first time. The NLW will rise from £8.72 an hour to £8.91 an hour, the NMW for people aged...
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Business rates review report delayed
22 March 2021
The Government has announced that the final report of its fundamental review of business rates will be delayed and will be published in the autumn. It says that by then there should be greater clarity about the economic situation and the future of the public finances. The review was announced by Rishi Sunak at his Budget a year ago...
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Vaccine rollout prompts SME optimism about prospects for 2021
22 March 2021
New research has found that SMEs across the UK are feeling increasingly optimistic about their prospects for the rest of 2021, after the success of the vaccine rollout. The Barclaycard Payments Barometer research found that SMEs expect to grow their revenues by an average of eight per cent. London SMEs, meanwhile, expect to see...
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Post-Brexit timetable: the key dates you need to know about
19 March 2021
While the UK officially left the European Union on 1 January 2021, the planning and preparations do not stop there. Ahead of the new tax year, we look at the key dates and rule changes your business needs to know about. March 2021: the Brexit Recovery Fund opens for applications
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SME Brexit Support Fund goes live
19 March 2021
The Government has now launched its £20 million SME Brexit Support Fund – apply today! The SME Brexit Support Fund has been designed to help SMEs with the new rules that apply to trading with the EU following the end of the Brexit transition period. The fund offers grants worth up to £2,000 to enable businesses who trade only with...
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The Coronavirus Business Interruption Loan Scheme is closing soon – Apply today!
15 March 2021
The Coronavirus Business Interruption Loan Scheme (CBILS) is due to end on 31 March 2021, after which no further applications for the scheme can be made. CBILS allows businesses to apply for a loan of between £50,001 and £5 million up to 25 per cent of their annual turnover from lenders accredited the British Business Bank.
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Repaying COVID-19 Government-Backed Loans
15 March 2021
Businesses that have used the Coronavirus Business Interruption and Bounce Back Loan schemes may soon see their 12-month payment-free period end soon. Businesses that took out a loan when they were first launched last year will have to begin repaying the money lent to them from May, unless they are able enjoy a repayment holiday...
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Newly self-employed asked to complete pre-verification checks before applying for fourth SEISS grant
15 March 2021
Newly self-employed taxpayers may be required to undergo pre-verification checks before they can access the fourth self-employment income support (SEISS) grant, it has been revealed. HM Revenue & Customs (HMRC) wrote to over 100,000 businesses recently informing them about the changes. The move comes after the Chancellor...
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Preparing for the upcoming changes to furlough
15 March 2021
The Coronavirus Job Retention Scheme (CJRS), more commonly referred to as furlough, will now be extended until the end of September this year following confirmation in the recent Chancellor’s Budget. First introduced a year ago, the scheme has provided an essential lifeline to employers, helping them shoulder the employment...
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Case Studies
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A shared passion for architecture and a head for numbers
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A taste for growth, a thirst for knowledge
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Smiles all round for dental practice
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A modern approach required for music moguls
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Customer care is top of the list for packaging business
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Taxing demands with old school charm
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Sometimes a business does exactly as it says on the tin
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Child's play with proactive accounts management
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Cut above the rest in personal management style