Home » Small business news roundup-09th April 2021

Small business news roundup-09th April 2021

Covid: Shed and garage offices pose insurance risk

With the pandemic changing the way everyone works, many companies are opting to keep the “work from home”.

However, reports suggest that some people may not be covered by home insurance if something goes wrong. “While some insurers have allowed people setting up in business at home to extend their cover at no extra cost, some people may need to buy new policies or pay larger premiums owing to the extra risk.”

Having expensive equipment kept in the house means that many people could be exceeding their insurance limits and policies if items are stolen or damaged.

For the full story, click here. 

Super-deduction tax break – what is it and how does it work?

“This tax break means that you can claim 130 per cent of what you spend on equipment for your business against taxable profits.”

Rishi Sunak announced on March 9th that this deduction is intended to spur investment by 10 per cent.

The super-deduction offers 130 per cent first-year relief on qualifying main rate plant and machinery investments from 1st April 2021 until 31st March 2023 for companies.

Check out our latest factsheet on this topic click here.

For the full story click here. 

COVID-19: Vaccines have prevented 10,400 deaths in older adults, Public Health England says

With the vaccine role out in full swing, new data confirms that the vaccine has prevented 10,400 deaths in people aged 60 and over.

As they continue to roll out first and second doses, the Government confirm we are at a herd immunity situation with the help of vaccinations and this will only get better as more people receive their vaccinations.

For the full story, click here. 

Home movers have a spring in their step, says the Halifax

With the stamp duty holiday set to end at the beginning of March, the Chancellor decided to extend this until July. Data now suggests that this was the right thing to do with the sale of houses soaring in March. The average house price was 6.5% higher than a year ago with a value of £254,606.

Although this is great for some people, it is also frustrating for first time buyers.

For the full story, click here.