Posts Tagged: money

Get back on your bike!

Find out about the Government’s new “Fix Your Bike” initiative, which aims to get the country cycling!     What is it? The Government is handing out thousands of £50 vouchers for people to get their bikes fixed. The hope is that this will boost the retail sector and get cash flowing again, as well… Read more »

Tax Efficient Holiday Lets

Although the idea of jetting off on holiday might seem a long way off, the return to going on holiday will probably start with a lot more people staying in the UK.     What is it? Over the past few years, Airbnb has become an essential part of the holiday industry. The way Airbnb… Read more »

Amnesty for Furlough Breaches

Find out about the Government’s amnesty for Furlough rule breakers.     What are the furlough rules? If an employee is furloughed then they cannot undertake remunerative work for the employer. This means that they cannot do any work for that employer, or a company linked to that employer. However, they can take part in… Read more »

Can Evolution and Innovation Reduce Tax?

Could you be missing out on tax relief by misinterpreting Evolution and Innovation?   Are we Innovators? If you ask most business owners if their business is at the forefront of innovation they will probably say no. However, if you ask them whether the business has kept up with the market trends to keep commercially… Read more »

Self-Employment Grant Two

Find out about the next Self-employment Support Grant.     What Is It? The Chancellor has announced a second grant for eligible self-employed people affected by Coronavirus. This will cover the period from June to August. The Chancellor also announced that this will be the LAST grant the government will give to people. Of the… Read more »

Income Tax Deferral for the Self-employed

What help is available from HMRC?     What is it? The Self-Assessment payment on account, that is ordinarily due to be paid by July 2020 may now be deferred until January 2021. This deferral is optional, and you can pay the second payment normally if you wish, to avoid a large payment in January… Read more »

£50,000 Quick, Easy, No Security

How the government’s new “bounce-back loans” can help you.     What are they? These new “bounce-back loans” are 100% government-backed loans for small businesses. They are aimed at unblocking the backlog of credit checks by banks amid fears that small firms could fold before getting the loans they need.   Key Features Starting Monday… Read more »

Coronavirus Business Interruption Loan Scheme

  The scheme is now open for applications. All major banks are offering this scheme. The scheme is delivered through commercial lenders, backed by the Government-owned British Business Bank. The CBILS guarantee is to the lender and not the business. Under this scheme, the Government provides the Lender a guarantee for 80% of the loan…. Read more »

Corona Virus Cash Help

Find out how the government is helping your business through the Corona virus.     The Chancellor announced an expansion of Business Rates Relief. The current retail discount of 50% will be increased to 100% for 2020-2021, meaning nearly half of all properties in England will pay no business rates for the year. As well… Read more »