The Recovery Loan Scheme – what is it and how does it work?
Many will be mourning the loss of the CBILS and BBL schemes and the access to cheap credit, which ended this month. However, the new Recovery Loan Scheme (RLS), the Government’s latest covid-19 support programme, which launched this week still provides much needed additional finance to businesses affected by Covid-19. […]
Transfer of Shares – tax issues to consider
The dawning of a new tax year commonly sees a flurry of share transfers as business owners seek to ensure their extractions of profits are tax-efficient. However, transfers of shares between family members and employees can hold lots of hidden tax charges. Here are three of the main types of […]
Top Tips for Cashflow Planning
As everyone who’s ever started their own business can confirm, cash is king. Without a steady flow of capital into the business, your ability to expand – and even to stay afloat – is likely to be severely compromised. That’s why cash flow management and forecasting play such a vital […]
Another unusual letter from HMRC?
Due to increased activity by fraudsters during the pandemic as they attempt to illegally access Covid-19 grants and loans, HMRC has decided to be more wary when submitting tax (including VAT) payments to taxpayers. Accordingly, HMRC is now writing to taxpayers who have claimed a recent tax refund that is […]
Tax Day Highlights
After the excitement of the Budget and the issue of the Finance Bill, 23rd March was billed as “Tax Day” with the government issuing a raft of consultations and policies. In the end, the day was – correctly – overshadowed by the anniversary of the first Covid-19 lockdown, but as […]
How “Super” is the Super Deduction?
One of the most striking additions to the March 2021’s Budget Announcement was the introduction of a new “Super Deduction” which offers a 130% writing down allowance on qualifying investments. Although this was heralded as the “biggest business tax cut in British history”, do the headlines translate to big tax […]
What is Financial Independence Day?
There is a “movement” doing the rounds at the moment, FIRE, “Financial Independence Retire Early”. It’s based on the bestseller “Playing with FIRE” by Scott Rieckens. Scott was so fed up with his life he decided to quit the rat race, cut his expenses in half so that he could […]
Support Available to SMEs – A Handy Guide
Rishi Sunak recently introduced a number of new measures of support for SMEs as part of his budget. He also extended some of the existing schemes as well as announcing some new initiatives designed to support the survival, growth and development of businesses. From the extension of furlough to […]
WARNING – Your SEISS grant may be blocked
HMRC are now asking certain self-employed people to prove that they are still in business before they can claim the next SEISS grant. This is only for those who have indicated that their business ceased trading in the period from 6 April 2018 to 5 April 2020. A pause in […]
Research and Development coaching
The principle behind our Business Accelerator service is the “Now, Where, How” framework, which helps businesses and individuals facilitate growth by working through three questions. This can be universally applied to clients who are eligible for Research and Development claims: Where are we right NOW? WHERE do we want to […]