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Cash flow forecasts can help you during crisis

Cash flow forecasts can help you during crisis

Cash flow forecasts sound a little dull but they are essential when it comes to understanding the health of your business. And as the coronavirus crisis seems set to continue creating uncertainty for companies, sitting down to produce a cash flow forecast is something...

Changes to help the self-employed

Changes to help the self-employed

Millions of workers, including the self-employed, will be paying less tax thanks to an increase in the National Insurance threshold for the 2020-21 tax year. It feels like a long time ago since the Budget – which was just days before the lockdown – but the Chancellor...

Coronavirus Business Interruption Loan Scheme

Coronavirus Business Interruption Loan Scheme

If the Covid-19 outbreak means you face cash flow problems the government is offering the Coronavirus Business Interruption Loan Scheme (CBILS). It is part of its support for UK businesses and employees and is operated by the British Business Bank via accredited...

Coronavirus Job Retention Scheme: All you need to know

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

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

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

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

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!

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: 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...

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