Archives for News

The Kickstart Scheme — Government Subsidies for New Employees

The Kickstart Scheme — Government Subsidies for New Employees   You may have been concerned by dire predictions about the long-term effect the COVID crisis could have on jobs. The Furlough scheme is drawing to an end, and record numbers of redundancies are being predicted. Perhaps you are considering redundancies yourself.   However, there is still going to be help available — including the government's Kickstart Scheme.    Protecting Jobs in the Lockdown  During the lockdown, most companies had to close their doors. This might have been to conform with regulations, but it could also have been due to customers disappearing.   The government's emergency solution for...
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If the Numbers Don’t Add Up — Say Grace

If the Numbers Don't Add Up — Say Grace   If there is one single thing that is essential for a business, it is that Your Numbers Add Up. If they don't, the consequences could be serious — perhaps even the end of your business.  Fortunately, there is an answer — say Grace.   Adding Up the Numbers  Even in terms of personal finance, making sure the numbers add up is crucial. This has always been true.   Nearly two centuries ago, Charles Dickens put it: “Annual income twenty pounds, annual expenditure nineteen nineteen and six, result Happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” *  This is...
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Are Your Finances Keeping You Awake at Night?

Are Your Finances Keeping You Awake at Night?  Out of all the aspects of a business, financial worries are what is most likely to give you sleepless nights. After all, this is the lynchpin of the business — if the money is not flowing properly, nothing else is likely to work.  The trouble is that you are probably not a financial expert — and, even if you do know what you are doing, it takes you away from actually running your business.   The Do-It-Yourself Method and Its Pitfalls  When you are starting a business, it is likely that you are trying to keep the costs down as much as possible. This leads to many business owners, especially if they are one-man-bands,...
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The Job Retention Bonus — Could It Help You Save Jobs?

The Job Retention Bonus — Could It Help You Save Jobs?   If you have had employees on furlough during the COVID-19 lockdown, you will be aware that the scheme's gradually winding down and will end soon. This is the point where you will need to decide which positions, you are going to be rebuilding and which you are going to make redundant. However, there is one more opportunity to get support from the Government which could make it easier to keep more jobs — the Job Retention Bonus. The Furlough Scheme and Its End Since the beginning of the lockdown, the government has...
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How to keep your business alive during COVID-19

How to keep your business alive during COVID-19 Unfortunately, COVID-19 is still hitting many businesses very hard! What is worse, is that some experts are saying that the effects of this dreadful virus may continue into next year.  If your company is still experiencing a slowdown and you’ve completely run out of lockdown DIY projects, then it’s worth taking this valuable time to reassess your business. You could look at introducing more efficient processes or do some of those mundane jobs you have been putting off, so when business takes off you are ready and raring to go! Here are...
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How to improve your cashflow during COVID-19

How to improve your cashflow during COVID-19 COVID-19 took the world by complete surprise! In this pandemic there are no real winners because everyone is affected to some degree and businesses need to adjust quickly to the ‘new normal’. In times like these, cashflow becomes increasingly important to the survival of businesses. Here are 10 tips to deal with the immediate challenges: Ensure customers pay on time Check your collection process is working efficiently, ensuring customers are getting accurate and timely invoices so they are fully aware when payment is due. Any errors in your billing process can lead to...
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Updates to the Coronavirus Job Retention Scheme and Self-Employed Income Support Scheme

Updates to the Coronavirus Job Retention Scheme and Self-Employed Income Support Scheme Updated by the Chancellor on 29/05/2020 We have picked out the key points here that are relevant for employers. Increasing costs for employers The Coronavirus Job Retention Scheme (CJRS) grant will be tapered down with an increasing cost for employers in terms of salary, national insurance and pensions. Below is a summary of the government changes to the scheme that will occur over the coming months.  June Government contribution to furloughed staff  80% Salary (max £2,500 pm) + NICs + Pension Employer contribution to furloughed staff No contribution...
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Make sure you fill out your self assessment on time

Make sure you fill out your self assessment on time There are certain people, including the self employed, who have to fill out a self assessment tax return. This can be tricky but help is available. You can call on us to work with an expert Accountant Hemel Hempstead clients trust. The deadline for online tax returns regarding untaxed income for April 2018–2019 is 31st January 2020. However, there are other dates you also need to keep in mind. Deadlines to be aware of The 5th October 2019 is the last date for informing HMRC that you are self-employed and...
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