Make Sure Your Business Is Ready
The Government are talking about a potential second lockdown. As much as we don’t want it to happen and we are not sure it even will, we need to make sure that you, our clients are prepared for this should this happen. We have been there for you every single day since the start of the pandemic - when we went into a national lockdown, we provided plenty of free advice and even completed ALL furlough claims at our cost,…
IR35 Preparation
The Government’s decision to delay changes to IR35 to April 2021 will be welcomed by contractors up and down the country. But the legislation still requires contractors to check their status and convince risk-averse clients that they fall outside it. With the run-up to implementation, recruiters and end users that use contractors will have to ensure that they have determined the contract status for each contract and put the appropriate systems in place to ensure that they are ready. …
What Is My Business Worth? Valuing Your Business
When it comes to buying or selling a business, the most important question you need to ask is – how much is it worth? Sure, there are other motivations behind a valuation, but business owners tend to follow this path when waving goodbye to their latest business venture. There is no single formula that can be used to precisely value every private business. The seller will want to drive the price up, and potential buyers will want the opposite.…
Recession Proof Your Business
Figures released this month confirmed that the UK is now officially in a recession, however there are many businesses that are able to thrive during these tough times. Here are a couple of things all businesses should be considering and giving added emphasis in times like this: Make your vision crystal clear – Your vision is your ultimate goal, it should be big and bold and your dream of what an ideal world will look like when your…
Almost 70,000 SMEs Risk Missing Out On Government Coronavirus Grants
It has come to our attention that a massive 69,543 of eligible SMEs in England have yet to claim for the government Coronavirus grants announced back in March! Unfortunately, that is bound to include a few of you, who could definitely benefit from these grants. With the deadline for grant applications fast approaching, it is imperative that businesses that need support and are yet to claim, assess their financial situation and if needed submit their claim urgently. While there…
Ways To Make Your Business Thrive During Tough Economic Times
An official recession has just been declared. Your business is your livelihood, so it's important that you are prepared for emergencies, recessions and other threats to your business. Businesses have already closed doors, employees have lost their jobs, and entrepreneurs have been forced to adapt. Most industries will be affected by a recession because most businesses are interconnected. For many, times will be tough, but it doesn’t mean the end. There are things you can do to protect the…
CBILS Extension
The government have approved for accredited lenders to be given an extra two months to consider applications for finance under the coronavirus business interruption loans scheme (CBILS). When the government set up the schemes, it said that it was temporary and would last six months. The British Business Bank said it continues to review applications from a wide range of lender types – from PRA-regulated banks, to platform lenders, debt funds, invoice finance lenders, asset finance lenders and responsible finance…
Second Self Employed Grant Claims NOW LIVE
As of 17th August, millions of self-employed people whose trade has been hit by Coronavirus can apply for a second support grant from the government. More than three million people may be eligible for the payment of up to £6,570 each, which Chancellor Rishi Sunak said would be the final hand-out. The system is the alternative to the extended furlough scheme for employed workers. The claims window is initially open for a four-day period but anyone who thinks they may be…
Job Retention Scheme Bonus
The Chancellor presented his ‘Plan for Jobs’ outlining how the government will support the UK’s economic recovery while continuing to prioritise people’s health. As part of this, the government introduced the Job Retention Bonus to provide additional support to employers who keep on their furloughed employees in meaningful employment, after the government’s Coronavirus Job Retention Scheme ends on 31 October 2020. The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously…
