Brexit and Covid combined have led to some unpleasant aftershocks for small businesses. These include staff shortages and also spiralling wage and raw material costs. This article will look at what this means for your small business. What is actually happening? There are several factors at play right now which are driving up most small […]
With the economy gearing up, there has never been a more essential time to take a good look at your overheads and cost of sales. Then, add into the mix the rising cost of labour, materials and shipping, and this exercise to examine your cost base may be the difference between your business having a
Have you paid your July 2021 tax? A reminder that your second instalment of self-assessment taxes was due 31 July 2021 If you have already made payment to HMRC of your second instalment of self-assessment tax due by 31 July 2021, no need to read this alert. If not, and this has slipped your mind, pay
Newsletter of July 2021 Read More »
We are used to reviewing our private pension arrangements on a regular basis, but when was the last time you checked out your State Pension arrangements? The following notes assume you have not yet reached your State Pension retirement age, but you want to see how many more years National Insurance contributions (NIC) you will
State Pension – will you get a full pension? Read More »
Now that we are nearly two months beyond the end of the tax year, it is time to start preparing tax returns for last year as most details should be available from employers, banks and brokers. So why not get ahead with your tax return now? You may even find that you are due a
Newsletter of May 2021 Read More »
How to deal with suspicious communications Criminals are astute and adapt at exploiting changes in legislation to trick us into believing that they are your bank, HMRC, court officers or some other representative of authority. Their aim is to gain access to your personal data and/or bank details so they can fraudulently take your money.
Spam, bogus calls and texts Read More »
2020 was a roller coaster year for businesses, but a bumpy road still lies ahead. More than ever, businesses need to understand and manage their finances, and more importantly, put measures in place to protect them as the landscape still shifts below their feet. If you want to survive 2021 and increase the resiliency of
8 vital tips for surviving 2021 Read More »
Just thinking about how much the government has forked out during the COVID-19 crisis is scary; never mind hearing the numbers (it was £284 billion at the end of 2020, just FYI). But the funny thing about the economy is that you have to borrow to build. Small businesses have relied on government-backed financial support
Accessing finance for small business recovery: what is available in 2021? Read More »
You may have received, or are about to receive, a letter from your bank if you took out a government-backed Bounce-Back Loan (BBL) last year. You may remember that in the first year of the BBL no repayments were required, and the government picked up the tab for any setup costs and interest charges. Banks
Bounce-Back Loan options Read More »
A new tax incentive for companies. Perhaps the most innovative give-away in the recent budget was “Super-deductions for investment expenditure”. What does this mean? Companies that invest in qualifying plant and machinery in the period from 1 April 2021 to 31 March 2023 will benefit from enhanced capital allowances. Investments in assets that qualify for
What are Super-deductions? Read More »
