Budget 3rd March 2021 The Chancellors Budget announcement yesterday has confirmed that some of the current COVID-19 business help schemes will be extended. It also announced new schemes and restart grants that will help to kickstart the economy as we take the long road out of lockdown. Furlough Firstly, the Budget announced that the furlough [...]
Lockdown 2.0 - November 2020 Furlough extension, increase in help for the self employed and financial aid for businesses forced to close. These are some of the measures HMRC has introduced to support businesses financially during the upcoming lockdown period. Furlough Extension - CJRS The Coronavirus Job Retention Scheme, or furlough, was due to end [...]
Scheme Extensions & the Job Support Scheme Rishi Sunak announced a new scheme which is to follow on from the current furlough scheme which is due to end in October. He has also made announcements on other support schemes that have been put in place/extended. The Job Support Scheme This scheme begins on 1st November [...]
What is the Kickstart Scheme? Key detail: you need to be offering a minimum of 30 placements If you do not have the option to take on this many placements, then you will need to partner with another company/companies to reach this number. What are the criteria: Placement duration = 6 months Minimum of 25 [...]
When is the right time to sell your business? Only two-thirds of businesses will survive past the two-year mark, while only half will reach five. Whether it’s because of cash flow issues, strained partner relationships, or a general company burnout, new businesses are at risk of stopping before they even really get started. No one [...]
Five ways to reduce business costs and avoid cash flow problems It’s estimated that up to 61% of small businesses regularly struggle with cash flow, and 32% of their owners report being unable to pay vendors, loans, employees, or themselves. Cash flow problems are one of the main issues small businesses come up against and [...]
To be valuable, you need to understand valuation Business value is a term that many of us use several times a day. Above all, we want to increase our business value and we believe our business to be valuable. This is often because our companies are a part of us. To us, they have huge [...]
Tips to improve your business cash flow In business, cash flow encompasses everything. Without a reasonable balance between incoming and outgoing payments, your business turns into a delicate organisation that could collapse at the slightest shift in the market or change in your sales. 82% of small businesses fail because of poor cash flow management [...]
Your July tax payment is due – but is it correct? HMRC uses your previous year’s figures to estimate your accounts for this year. If your income has fallen, the cash available to go towards tax payments might also be reduced. If this is the case, it is worth finding out whether your tax payment [...]