Retail, hospitality and leisure firms set for £10 billion business rates savings

Apr 24, 2020

Businesses in the retail, hospitality and leisure sector are expected to save around £10 billion this tax year through business rates relief, official figures have revealed. The new statistics come after the Government launched its comprehensive business rates relief package for ...

Blog, SMEs

Employers should continue to meet automatic enrolment obligations despite coronavirus disruption, says TPR

Apr 20, 2020

Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed. The warning forms part of new guidance designed to help firms affected by Covid-19 meet their automatic enrolment ...

Blog, HMRC, SMEs, Tax, VAT

Deferring VAT – HMRC confirms businesses should cancel VAT direct debits

Mar 25, 2020

Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to ...

Blog, Business accounting, SMEs

Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses

Mar 23, 2020

The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in ...

Blog, HMRC, SMEs, Tax

IR35 delayed for a year because of coronavirus

Mar 18, 2020

The Government has announced that the IR35 tax reforms which were due to be implemented on 6 April 2020 have been delayed for a year because of the ongoing coronavirus outbreak. The changes to off-payroll working rules, which would see all ...

Blog, HMRC, SMEs

Is your business ready for the payroll year-end?

Mar 16, 2020

With the payroll year-end fast approaching, you must ensure that your business is complying with the necessary payroll obligations. In this blog we have outlined some key dates and tasks that need to be completed. The key dates are as follows: 5 April ...

Blog, Money, SMEs

Almost a fifth of businesses fell into their overdraft in past year

Mar 05, 2020

According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow. The survey by cashflow management company Fluidly involved 19,799 companies and found that ...

Blog, Business Advice, HMRC, SMEs, Tax

Chancellor offers reassurance regarding ‘soft’ IR35 landing

Feb 27, 2020

The new Chancellor, Rishi Sunak has offered reassurance to contractors that HM Revenue & Customs (HMRC) will ensure a soft landing is in place for the first year following the implementation of the IR35 rules. This means that HMRC will not ...

Blog, Business Advice, SMEs

Government launches consultation on plans for new freeports

Feb 13, 2020

The Government has launched a consultation on plans to create up to ten freeports across the UK in a bid to encourage global trade and attract inward investment following Brexit. The proposed freeports will use different customs rules to the remainder ...

Blog, Business Advice, SMEs

Government extends deadline to claim post-Brexit customs support

Feb 11, 2020

The deadline for applying for customs and tariff support has been extended to 31 January 2021, the Government has announced. The grant funding scheme, launched in September 2019, was set to close on 31 January 2020. Under the scheme, small and medium-sized ...

SMEs