Archives for Blog

How to Finance Your Business During Covid-19: 7 Ways to Consider

How to Finance Your Business During Covid-19: 7 Ways to Consider     Every business owner needs money to get their startup off the ground. You can’t very well open a shop or restaurant without premises and equipment, and even the most capital light of companies need to pay staff and cover IT costs. Financing your business allows you to start off on the right foot, but you need to be smart about it. It’s important to weigh up your options and make the right choice for your company. Here are the best financing options to consider for your business....
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The Fourth Self-Employment Income Support Scheme Grants Are Now Available

The Fourth Self-Employment Income Support Scheme Grants Are Now Available     Are you Self-Employed and have been struggling to get through the pandemic? Help could be on the way, as the Government announced the fourth phase in their Self-Employment Income Support Scheme (SEISS) grants, designed to help Self-Employed people whose businesses have been hit by Covid-19.  You may have the opportunity to apply for one of the grants — but you must make sure your application is both correct and within the window. What Is the Self-Employment Income Support Scheme Grant? SEISS was introduced by the Government in 2020...
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The Job Support Scheme — What Does It Mean for You?

The government's Furlough scheme will be ending in just a couple of weeks, although conditions are still a long way from perfect for businesses. Its replacement is going to be the Job Support Scheme — but what does this offer, and what does it mean for you? The Situation as Furlough Ends The Furlough scheme began in April, backdated to 1st March, to support businesses forced to close down wholly or partly due to the pandemic. Initially, the government paid 80% of furloughed workers' salaries, although that's gradually decreased. This was obviously only ever meant to be a temporary measure,...
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Extension to Government Support for the Self-Employed

Extension to Government Support for the Self-Employed Since the start of the Coronavirus pandemic, the Government has brought in various types of emergency business support. The Furlough scheme has received most media exposure, but another crucial measure is the Self-employment Income Support Scheme (SEISS) to help the self-employed. The second SEISS grant finished on 19th October, but by then the Government had already announced that a third and fourth grant would be made available. The Self-employment Income Support Scheme The first SEISS grant came into force early in the pandemic and was available to self-employed individuals, as opposed to limited...
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Trivial Benefits – Not So Trivial for You!

Trivial Benefits — Not So Trivial for You! As a Director of a limited company, you have various ways to take your income from the business, ranging from a straightforward Salary to Dividends — and the tax obligations for these vary considerably. While contributing fairly to the national finances is everyone's duty, no-one wants to pay tax they don't need to. However, many company Directors are not aware of one tax-free entitlement — Trivial Benefits! Expenses, Benefits and Tax Your company is entitled to pay its employees or Directors a wide range of expenses and benefits. Common examples include travel...
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