Covid-19: Vaccination rollout begins for over-70s in England Reports confirm that vaccinations for people over the age of 70 and the clinically vulnerable have begun this week, commencing the 18th January 2021. More than five million people will be invited to have the jab, with the introduction of ten new mass vaccination centres making this …
Should you lease or buy equipment?
We are often asked by clients if they should buy or lease capital equipment for their businesses. The answer, as usual, is not simple and it depends upon the nature of your business, but there are nevertheless a few guidelines you can follow to help you decide what you should do. Broadly speaking, if you …
Small business news roundup- 15th January 2021
Factsheets Check out our latest factsheets to help your business today! Click here. Past Covid-19 infection may provide ‘months of immunity’ Studies suggest that people who have had COVID are protected from catching the virus for at least five months. Aid experts are warning that those who have had the virus still need to follow …
How To Incentivise Key Employees By Gifting Them Shares
One of our most frequently asked questions is “Can I give shares to key employees? And what are the tax implications of this?” Why do you want to do this? The answer is yes you can give your employees shares, but before we investigate how, we should look at your reasoning for giving shares to …
Small business news roundup- 08th January 2021
Covid: England’s third national lockdown legally comes into force Lockdown number three! Who would have thought back in March that we would still be in this! The measures are similar to the first lockdown – stay at home, school closures and non-essential stores closed. This is to be in place until at least 15th of February, …
Fines And Penalties – What To Be Aware Of When Running A Business?
HMRC collected £1.4 billion in fines and penalties in the year to 31st March 2021. These are entirely avoidable penalties for late tax returns, unpaid tax etc. Companies House also collected millions in late filing penalties. To be forewarned is forearmed, so it is good to know the range and scope of penalties you will …
Small business news roundup-18th December 2020
COVID-19: Furlough scheme extended until end of April The Coronavirus Job Retention Scheme has been EXTENDED until April 30th, 2021. The scheme includes the government paying up to 80% of staff wages capped at £2,500 a month. We will keep you informed on more information on this as soon as we hear anything. To read …
BREXIT – Are you ready for VAT and customs duty requirements from 1 Jan 21?
The UK/EU withdrawal agreement expires at 11pm GMT on 31 December 2020. After that date, the UK will become a separate customs territory from the EU. This means that from 1 January 2021, all imports and exports of goods to, and from, the EU will become subject to customs procedures, both in respect of EU …
Small business news roundup-11th December 2020
Treasury to discuss COVID-19 grant for company directors Reports suggest that the Government will be meeting with the 2 million company directors that were unsupported by COVID -19 funding schemes. The Government is now putting together a grant-based rescue plan for the directors. This scheme aims to support entrepreneurs who rely on dividends for their …
Furlough or Redundancy – The harsh decision facing businesses this Christmas
As the new tier system kicks in, many businesses are finding themselves facing tough times and some very difficult decisions this Christmas. Over the last six months, you have probably already had to make some hard choices, as your business has seen its work dry up and its income drop off a cliff. More than …