The Start Up Loans scheme has supported nearly 70,000 start ups and small businesses outside of London, new figures have revealed. Launched in 2012, the initiative delivers finance to entrepreneurs who might find it difficult to secure capital through traditional means. According to the latest statistics, the scheme has now issued more than £600 million […]
If you’re new to business, year-end accounts may seem like a daunting prospect. But with the right preparation, advice and approach, you will have nothing to worry about.
A revised Brexit timetable will give businesses “more time to adjust” to new trading processes, it has been suggested. The new schedule comes after concerns that firms are now focusing on recovery from the Coronavirus pandemic, rather than new customs declarations and controls. Here’s what you need to know. Full customs declarations and controls to […]
As the furlough scheme comes to an end, the latest figures have revealed that almost 12 million workers in England, Wales, Northern Ireland and Scotland have been supported by the Coronavirus Job Retention Scheme (CJRS) since its launch last year.
As the UK emerges from the economic crisis caused by the pandemic there are many positive indicators of financial recovery, such as a fall in COVID-induced public spending, a rise in job vacancies and a decline in unemployment, all of which are encouraging businesses to grow. The economic indicators are good news for SMEs with […]
While rising property values may seem like good news, as prices go through the roof it could land you with a hefty Inheritance Tax (IHT) bill. The latest data from HM Revenue & Customs (HMRC) show that the average IHT tax bill stood at nearly £210,000. IHT is a charge on the value of the […]
It is a nightmare that plagues both business and private users alike, but cyber security experts are continuing to fight back against the online crooks using email scams targeting their organisations. The UK’s cyber police force, the National Cyber Security Centre (NCSC), has published guidance for businesses on a new reporting tool that can be […]
Couples may be missing out on tax breaks without realising it, according to HM Revenue & Customs (HMRC). Savings can be made both with Income Tax and Capital Gains Tax (CGT) by using their personal tax allowance. For CGT, a couple’s two allowances (each equal to £12,300) can be combined to reduce the final tax […]
The National Minimum Wage has been in place for more than two decades. It currently stands at £8.91 per hour for adults over the age of 23 (The National Living Wage), while the lowest figure is £4.30 per hour for an apprentice. While a sizeable number of breaches will be down to errors or incorrect […]