(3 Minute Read) Final changes to Mortgage Relief for landlords. Is it time to transfer to a limited company? What is it? Relief on mortgage interest for landlords is being scrapped. The changes mean that all finance costs, not just mortgage costs, will no longer be an allowable expense. Instead you will have to make… Read more »
(2-Minute Read) Find out about the implications of lending your company money Can I lend my business money? Most small companies start trading with money borrowed from the directors, which can later be paid back. These loans are typically done through informal “director’s loans“. This loan doesn’t have to be in the form of money,… Read more »
Find out how you could get a tax refund whilst working from home. How much can I get? Where these conditions are met, the employee can receive up to £6 per week from their employer without having to provide supporting evidence for the cost. The costs covered by these payments include the extra cost of:… Read more »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
