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 »
Posts Tagged: money
Green Homes Grant – Too Good to be True?
Find out about the Government’s new Green Homes Grant, and what it could mean for you! What is it? In July, the Chancellor, Rishi Sunak, accounced the Green Homes Grant. The Grant will provide £2 billion for people across England and Wales to improve their homes to reduce carbon emissions. The scheme will start in… Read more »
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 as improving… Read more »
FHL Capital Allowances
Find out about how FHLs work for tax purposes in our tax tip. What is it? Over the past few years, Airbnb has become an essential part of the holiday industry. The way Airbnb works it that the property owner can rent out their property, or even just a room, on a short-term basis. Many… 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 training, they… 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 viable,… 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 3.5 million… 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 2021. Am… 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 4th May 2020… 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. As… Read more »