by Admin | 17 Feb, 2021 | Business Support
There are three possible financial outcomes for your business, each with their own challenges: Make a profit Breakeven, or Make a loss Making a profit Clearly, this will be your goal. If you make profits – and taxation will never eat up all your profits –...
by Admin | 17 Feb, 2021 | Business Support
Many business owners are buoyed by turnover; if it’s sold it’s as good as money in the bank, but is it? What are your credit terms? How many days do you allow your customers to keep your money before insisting they pay you? 30 days is probably the most...
by Admin | 11 Feb, 2021 | Business Support
The detailed Furlough Scheme rules were last updated 4 February 2021. People who are unable to work can receive up to 80% of their wages. This payment is subject to a monthly maximum amount of £2,500 per employee (for hours not worked). Employers have the...
by Admin | 11 Feb, 2021 | Duties
Following the end of the Brexit transition period, new rules on tax and duty now apply on goods sent to the UK from overseas. These changes are meant to ensure that goods from EU and non-EU countries are treated in the same way and that UK businesses are not...
by Admin | 11 Feb, 2021 | Business Support
The Bounce Back Loans scheme was launched in May 2020 to provide financial support to businesses across the UK that were losing revenue and disrupted cashflow as a result of the COVID-19 pandemic. The scheme allows qualifying small businesses to borrow...
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