HMRC to investigate Eat Out to Help Out scheme claimants

Nov 19, 2020

Registered users of the Eat Out to Help Out scheme (EOTHO) should check their claims to ensure money has not been paid out incorrectly, HM Revenue & Customs (HMRC) has announced. The warning comes after the regulator revealed that it would ...

Blog, Business Advice, SMEs

Proposed R&D cap for SMEs published

Nov 16, 2020

On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published. This cap is on the amount of payable credit ...

Blog, SMEs

New grant funding scheme announced to help SMEs trade overseas

Oct 22, 2020

Up to £38 million in grant funding has been made available for small and medium-sized enterprises (SMEs) seeking to trade overseas, it has been announced. The initiative forms part of a package of new measures designed to ...

Blog, SMEs

ICAEW “questions” pension tax relief proposals

Oct 15, 2020

The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses. The report comes after HM Treasury published ...

Blog, SMEs

Brexit: Just 13 per cent of businesses feel prepared for the UK to leave the EU

Oct 13, 2020

According to the latest research, one in eight businesses feel prepared for the UK to leave the European Union (EU) after the transition period comes to an end in December. Alok Sharma, Secretary of State for Business, Energy and Industrial Strategy ...

Blog, SMEs

UK Export Finance scheme extended to more than 100 overseas territories

Oct 08, 2020

The Government’s UK Export Finance (UKEF) scheme has now been extended to support international trade in more than 100 countries, it has been announced. The changes come ahead of the end of the Brexit transitional period on 31 December 2020, after ...

Blog, Business accounting, Business Advice, SMEs

SMEs are still chasing unpaid invoices

Sep 28, 2020

The disruption of business, due to the coronavirus pandemic, has meant many companies are still waiting on unpaid invoices from their debtors. According to a Freedom of Information request to the Small Business Commissioner (SBC), submitted by the UK Domain, there ...

Blog, HMRC, SMEs

Businesses return £215 million furlough payments to the Government

Sep 21, 2020

According to HM Revenue and Customs (HMRC), more than £215 million of Coronavirus Job Retention Scheme (CJRS) payments have been willingly returned to the Government by UK firms, out of £35.4 billion worth of claims up until 16 August. The CJRS, ...

Blog, SMEs

Ban on commercial evictions extended until the end of 2020

Sep 17, 2020

The Government has announced that it has extended the ban on commercial evictions until the end of 2020, meaning businesses cannot be evicted by landlords for getting behind on rent payments. It is hoped the extension will help protect jobs once ...

Blog, HMRC, SMEs

National Minimum Wage investigations have drastically increased

Sep 15, 2020

National Minimum Wage investigations by HM Revenue & Customs (HMRC) have increased significantly, according to the latest research. These inspections rose due to modern slavery reports and other controversial probes into UK garment factories. To guarantee that workers are paid correctly, HMRC ...

SMEs