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Coronavirus Job Retention Scheme: All you need to know

The Coronavirus Job Retention Scheme will be a lifeline to businesses that have been hit by the coronavirus pandemic. But there are lots of questions still to be answered. So with all this in mind, we outline the scheme and what it means to help you if you have been...

Self-employed offered coronavirus support

The self-employed were given both good and bad news yesterday when the Chancellor announced measures to help them in the face of the coronavirus pandemic. People who work for themselves – such as freelancers and contractors – and those in a partnership will be able to...

What employers need to know during Covid-19 crisis

Employers are probably unsure about what to do for the best in these difficult times. On Friday, the government announced a new set of financial measures to help people and protect jobs. Along with the business rates grants, delay of VAT payments and statutory sick...

COVID-19 government assistance: what it really means

There is a high level of uncertainty and anticipation in the business community at present about government assistance and what it will provide over the short term. I do not want to burst any bubbles here but if you were struggling before the crisis you will struggle...

Coronavirus and business support

You cannot escape the concern around the Coronavirus outbreak. For many small businesses, any disruption can be costly – and at worst the result could be permanent closure. The government made announcements in the Budget last week to support businesses through this...

Invoices and how to get paid on time!

Getting invoices paid can be difficult. New research says that two-thirds of the UK’s biggest construction contractors fail to pay suppliers on time! Out of the top 100, the report says 66 fail to pay 95% of invoices on time. We know that it’s important for clients to...

VAT: What You Need to Know

VAT - or Value Added Tax – is added to the cost of buying the vast majority of things in the UK. Many businesses are registered for VAT, which means their prices are quoted with the phrase ‘plus VAT’ at the end. Not all businesses are registered, which means they do...

National Minimum Wage to rise next month

Any staff you have who are paid the National Minimum Wage (NMW) are in line for an increase from 1 April 2020. And the National Living Wage (NLW) – which is basically for those aged 25 and over – also rises. That means your business needs to be ready for the changes....

Bookkeeping software can boost your business

Bookkeeping software is not a new invention. But many small business owners and sole traders still keep paper records and use spreadsheets. For the most accurate accounting records, however, software programmes can be a huge benefit. Not only will they save time, they...

IR35: Will it affect me?

Protests against IR35 took place last week. The protestors went to Westminster as they are against the new legislation. They say it will be ‘disastrous’ for many small businesses who need to hire contractors. But what is IR35 and will it affect you? Here we look at...

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