A new study has found that nearly six in 10 (59 per cent) small business owners loaned personal money to their business during the pandemic to help it survive. Research undertaken by one of Europe’s largest small business lenders, iwoca, showed that many owners had taken drastic steps during the pandemic to support their business. […]
Inheritance tax reporting to be simplified
Rules coming into effect from 1 January 2022 will mean that nine in 10 estates that are not subject to Inheritance Tax (IHT) will no longer need to complete IHT forms as part of the probate process. Meanwhile, a temporary measure that is currently in place so that IHT returns can be submitted without a […]
Applications open for £2,000 post-Brexit import VAT advice
Applications are now open for the Government’s SME Brexit Support Fund, which offers grants for up to £2,000 that can be put towards the cost of professional advice on import VAT. The end of the Brexit Transition period has changed the way businesses must account for VAT when importing from the EU and the new […]
Four in 10 exporters report international trading difficulties, study reveals
Almost four in 10 exporters say sales have dropped in the wake of the coronavirus pandemic, a major study has revealed.
HMRC contacts self-employed individuals who could be eligible for fourth SEISS grant
HM Revenue & Customs (HMRC) is now contacting self-employed individuals who could be eligible for the fourth round of the Government’s Self-Employment Income Support Scheme (SEISS). The fourth round of the scheme covers the period from 1 February 2021 to 30 April 2021 and is worth 80 per cent of three months’ average trading profits, […]
Furlough scheme guidance updated
HM Revenue & Customs (HMRC) has published a series of updates to its guidance on the Coronavirus Job Retention Scheme (CJRS), more commonly known as the ‘furlough scheme’. The updates cover the changes to the scheme as it is extended from 1 May 2021 to 30 September 2021. The guidance confirms that new employees who […]