If you are starting to give serious consideration to setting up your own business one of the issues you will need to consider is the type of business structure that best fits your planned business activity.
How risky is your business?
All business activity involves a certain degree of risk. Many of these risks can be covered...
The government has outlined new plans for Freeports to turbo-charge post-Brexit trade. Details have been released that assert a number of new freeports are being planned across the UK. The first new Freeport is on track to open by the end of 2021.
Responding to the consultation on the proposals the government confirmed that sea, air...
The letters borrowers receive from their lenders when they are seriously behind on repayments will be easier to understand and less intimidating as a result of new rules proposed by the Treasury last week.
The aim is to reduce stress and anxiety that borrowers may experience if they are unable to keep up with repayments and...
This extended support will be available to businesses across the UK that are required to close their premises due to coronavirus restrictions.
Businesses required to close as a result of specific workplace outbreaks by local public health authorities are not eligible to claim under this extended JSS scheme.
To make a claim, employers must have a UK...
Readers who may have inadvertently over-claimed grants, the furlough scheme for example, should remedy the situation before HMRC start pro-actively investigating claims.
The Finance Act 2020, contains an amnesty for notifying HMRC of any errors or overclaims within 90 days of the later of:
New proposals have been outlined by government to ensure small businesses in the UK are paid on time. Currently £23.4 billion worth of late invoices are owed to small firms across Britain, impacting on businesses’ cash flow and ultimate survival.
The proposals, as part of a new consultation launched 1 October 2020, look to give new...
Trying to double guess the social distancing rules is rather like placing bets on a throw of the dice. The current exhortation from the Prime Minister – to observe the rule of six – is yet a further change in the endless attempts at controlling coronavirus by manipulating social distancing regulation.
But we all need respite;...
Last month the Treasury announced further support for businesses adversely affected by lockdown in local areas to control local outbreaks.
Local Authorities will be funded to pay the grants now offered.
Businesses in England required to close
Businesses in England required to close due to local lockdowns or targeted restrictions will now be able to receive grants worth...
In a press release issued 10 September 2020, the Department for Health and Social Care has reminded affected businesses that they have a legal obligation to record the contact details of their customers, visitors and staff.
Affected concerns in England should note:
Consumers and small businesses will benefit from better deals and savings through innovative services, thanks to new Smart Data laws proposed by government.
Smart Data enables businesses to provide consumers with more intuitive, easy-to-use services such as better account and bill management, switching services for savings, and targeted support for vulnerable consumers, by allowing businesses to...