Key Features The Bounce Back Loan Scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The government guarantees 100% of the loan and there is no interest to pay for the first 12 months, after which the interest rate will be 2.5% a year. You can move to interest only payments on a… Read more »
Posts By: ilyas Patel
Dividend Tax
1 day to delay tax by 12 months What is the issue? Dividends are generally taxable on the date they were received. This sounds simple, but if the tax rate changes this can be vital to avoid overpaying tax. For example, a dividend was received on the 5th April 2020, then the tax on it… Read more »
We’re Moving!
We’re pleased to announce that as of Monday the 12th October 2020 we will be moving to our new office! After many years at 34, Watling Street Road, our continued growth means that we need an office which can accommodate our future potential. Our new address is: Soloman House Belgrave Court Fulwood Preston PR2 9PL… Read more »
Local Lockdown Cash Grant
Find out about the cash grant for businesses affected by local lockdowns. What is it? The government has announced several local lockdowns, during which some businesses have to close their doors. To help these businesses, and to protect jobs, the Government has announced a new cash grant. You will only be eligible for this grant… Read more »
Job Support Scheme
Find out about the Chancellor’s new Job Support Scheme. What is it? Although the furlough scheme is coming to an end on the 31st of October 2020, the Chancellor has announced the new job support scheme, which will run from the 1st November for 6 months. This will help to pay the wages of workers… Read more »
Kickstart Your Business
Find out about the Government’s Kickstart Scheme for Under 25s What is it? The Government’s Kickstart Scheme has opened for applicants, but what is it? It has been created by the Government to help young unemployed people. The Government will provide funds to cover a six month job placement for people who are 16-24 years… Read more »
Posh Log Cabin → Office → Business Expense?
Find out whether your garden office could be a business expense. What is it? Working from home has been the dream for countless people across the country, and because of Covid-19 they have been doing, though not quite in the manner many expected. If Covid-19 continues and more people are working from home, there is… Read more »
5% VAT applies to more than you think
Find out about the Government’s temporary VAT cut and how you could potentially benefit. What is it? On the 8th July, the government announced that they would temporarily reduce VAT to 5% for certain supplies for hospitality, hotels, and holidays. This reduced rate started on the 15th July, and continues to the 12th January 2021…. Read more »
Six Month Tax Deferral
Find out how the Government’s Covid-19 tax extension could affect you. What is it? If you are self-employed, and have to pay tax above a threshold amount, you will have to make payments of account towards your tax next year. The second of these payments is normally due on the 31st July, however, due to… Read more »
£20 million boost to business
Find out about the Government’s new £20 million grant. What is it? The Government has announced a £20 million scheme to help smaller businesses access new technologies and professional advice to help them get back on track after the Coronavirus. The grants will range between £1,000 and £5,000 each and will be fully funded by the… Read more »