Monthly Archives: August 2021

More UK businesses join vaccine uptake drive

In a recent press release the government announced that more of the country’s leading businesses from a variety of industries have pledged their support for the UK’s world-leading COVID-19 vaccination programme by offering incentives to vaccinated customers.

Asda, lastminute.com, National Express, FREE NOW taxis and Better leisure centres will be offering discounts to people who get...

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Fewest number of people on furlough since the scheme began

Furlough numbers have recently fallen to a record-low since the beginning of the pandemic, government data has confirmed.

When businesses started reopening earlier this year, furlough numbers plunged by three million and have gradually declined ever since.

  1. records show that at the end of June 2021, nearly two million British workers were on furlough, dropping by nine...
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Companies closed after abusing COVID loan support

In what is likely to be the tip of a significant ice-berg, two companies who fraudulently applied for thousands of pounds in grants and loans have been wound up in the courts.

According to a recent government press release the two separate companies submitted false documents to at least 41 local authorities and the Government’s Bounce...

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Could you benefit from additional tax relief?

Couples may be eligible to reduce their Income Tax by up to £252 a year by sharing their Personal Allowances.

HMRC has announced that nearly 1.8 million married couples and those in civil partnership are using Marriage Allowance to save up to £252 a year in Income Tax.

Marriage Allowance allows married couples, or those in civil...

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Help to Grow Scheme

It is still possible to register for one of two schemes under the Help to Grow banner.

 

Help to Grow Management

Help to Grow: Management is an Executive Development programme accredited by the Small Business Charter, with 1:1 business mentor support throughout. The 12-week practical curriculum has modules spanning financial management, strategies for growth and innovation, and...

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UK to reduce unnecessary red tape for British businesses

Ministers have revealed bold plans to reform and modernise the way regulations are made and implemented in the UK.

Following Brexit, the UK has the freedom to make and implement regulations that place British businesses and consumers first – freeing firms from excessive formality and reducing costs, while boosting competition, innovation and economic growth.

 

Unnecessary bureaucracy

To reduce...

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Making use of under-utilised resources

Many businesses will have seen a reduction in activity as a direct result of the COVID pandemic. Assets and resources previously fully employed now lie idle or are under-utilised.

In this post today we have listed a few ideas that may help you create new income streams from these resources. For example:

 

Premises

Do you have storage, office...

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New reforms to protect consumers hard-earned cash

The UK Government’s Business Secretary, Kwasi Kwarteng, has revealed an arsenal of planned reforms to boost competition and protect the public from rip-offs, fraud and exploitation as the pandemic restrictions lift.

Plans set out in a new consultation will deliver on the manifesto commitment to ‘give the Competition and Markets Authority enhanced powers to tackle consumer...

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Tax Diary August/September 2021

1 August 2021 - Due date for Corporation Tax due for the year ended 31 October 2020.

19 August 2021 - PAYE and NIC deductions due for month ended 5 August 2021. (If you pay your tax electronically the due date is 22 August 2021)

19 August 2021 - Filing deadline for the CIS300 monthly return for...

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Tax-free property and trading income

You can claim up to £1,000 each tax year in tax-free allowances for property or trading income. If you have both types of income, you will qualify for a £1,000 allowance for each.

If your annual gross property income is £1,000 or less, from one or more property businesses you will not have to tell HMRC...

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