On 1st April 2019, HMRC introduced the first phase of its new digital tax initiative, known as Making Tax Digital (MTD). It’s designed to do what it says on the tin: turn tax into an entirely digital process for businesses. For many firms, this has always been something they’ve been either striving towards or putting … Read moreMaking Tax Digital is Coming for Every Business
Recent news reports have revealed that insurers will be asked to foot the bill for some small firms who have lost out financially due to COVID-19 lockdowns. This follows a court ruling where the Supreme Court found in favour of small companies receiving payments from insurers’ business interruption policies. For many businesses, this has been … Read moreWill Insurers Really Pay Businesses for Covid Losses?
With the ban on new petrol car sales less than a decade away, it’s no wonder we’re starting to see a huge influx of electric cars on the market. The percentage of cars bought in the UK that are either hybrid or fully ‘plug-in’ electric is currently 7.4%, but you can expect that number to … Read moreParked on Electric Avenue? There’s a Grant for Your Charger
If you’re a small business based in the UK and you’ve been struggling to trade due to COVID-19, a bounce back loan from the government could offer some well needed respite. But as with any type of business loan, you might be wondering what you should and shouldn’t use it for. After all, is it … Read moreGot a Bounce Back Loan ‘Just in Case’? Here are Some Sensible Uses for it…
Employing your first member of staff is both exciting and challenging. For some new business owners, it’s understandably scary. What if you get it wrong? What if you forget something you’re meant to do, and end up causing huge problems for your business? The good news is, it’s possible to make consistently great recruitment decisions … Read moreWhat Do you Need if You’re Employing Someone for the First Time?
There have been few budgets as hotly anticipated as Rishi Sunak’s second as Chancellor. In the wake of what was arguably one of the toughest peacetime years, both personally and professionally for practically everyone, Sunak had a rather unenviable task. Facing a budget deficit of £355 billion, rising unemployment, and an economy which shrank by … Read moreBudget 2021 Summary – The Route to Bouncing Back?