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COVID-19 – 1.23 million businesses access Government support schemes
Aug 25, 2020
More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury. The data shows that 17 million small and micro businesses have utilised the Bounce Back Loan Scheme (BBLS) ...
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One in ten businesses at moderate risk of insolvency according to ONS
Aug 21, 2020
According to the latest statistics published by the Office for National Statistics (ONS), around one in ten businesses claim their risk of insolvency to be moderate or severe, with the majority of those seeing their turnover fall by more than ...
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How will you rebuild and recover? Funding launched to cover cost of professional advice
Aug 20, 2020
The value of cash flow forecasting, management accounts and revised business plans is set to come into stark relief as businesses look to rebuild and recover following the easing of lockdown. In recognition of the importance of these and other accountancy ...
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COVID-19 – More than 10,000 SMEs apply for business recovery grants
Aug 18, 2020
More than 10,000 small and medium-sized enterprise (SME) owners have applied for a £10,000 Business Boost grant, as firms look to rebuild and recover from the coronavirus pandemic. The grant was launched by Simply Business at the beginning of the year ...
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Key dates for Coronavirus support schemes, tax and Companies House
Aug 14, 2020
With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are more than 60 key dates to be aware of in the coming months where these schemes will end or ...
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Important Date: Second round of Self-Employment Income Support Scheme (SEISS) opens on Monday
Aug 14, 2020
The second round of the Self-Employment Income Support Scheme (SEISS), which is worth 70 per cent of three months’ average trading profits, capped at £6,570, launches on Monday 17 August 2020. You can claim for the SEISS if you are a ...
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HM Revenue & Customs issues ‘nudge’ letters to people suspected of having undeclared overseas assets
Aug 14, 2020
HM Revenue & Customs (HMRC) has written to people suspected of having undeclared overseas assets, asking them to declare any currently undeclared overseas assets and to complete a certificate declaring the correct tax position. The letters have been generated following receipt ...
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FSB urging businesses not to miss out on emergency Covid-19 funding
Aug 10, 2020
The Federation of Small Businesses (FSB) is warning SMEs that any remaining emergency Coronavirus funding will go back to the Treasury at the end of August if it is not claimed. Earlier in the year, the Chancellor announced £12 billion of ...
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Government publishes regional Covid-19 finance figures
Aug 07, 2020
Almost 900,000 businesses in England have benefitted from more than £10 billion in Covid-19 loans and grants, the latest figures reveal. The research, published by HM Treasury, is the first to break down financial support, such as the Coronavirus Business Interruption ...
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HMRC: Making Tax Digital to be extended to all VAT-registered businesses from 2022
Aug 06, 2020
HM Revenue & Customs (HMRC) has confirmed that Making Tax Digital (MTD) will be extended to all VAT-registered businesses from April 2022. The change forms part of the Government’s digital tax drive, which will eventually see all kinds of tax reported ...
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