SMEs

Accounting

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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Get up to speed with new off-payroll working rules

Jan 20, 2020

Ahead of the introduction of the new off-payroll working rules, HM Revenue & Customs (HMRC) has published a factsheet outlining the changes and what they mean for small businesses. Under the legislation, officially known as IR35, employers will be held responsible ...

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One in five workers looking to start a business in 2020

Jan 16, 2020

According to new research by accounting software provider FreeAgent, one in five (22 per cent) UK employees plan to become their own boss during 2020. The study, which was conducted on 2000 employed people also found that 16 per cent of ...

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HMRC winding up petitions reach four year high

Jan 02, 2020

According to the latest official figures, the number of companies that were wound up last year following intervention from HM Revenue & Customs (HMRC) reached the highest level for four years. The clampdown on companies that go bust whilst owing a ...

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