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Sharing costs

Sharing costs

Independence is a cultivated concern. We all want to be self-sufficient. In a business environment this might manifest as having a separate Wi-Fi source even though it may be possible to share Wi-Fi with a number of business neighbours and divide the cost between you?...
Accounting for import VAT on your VAT return

Accounting for import VAT on your VAT return

From 1 January 2021, businesses will be able to account for import VAT on imports into Great Britain (England, Scotland and Wales) from EU and non-EU countries. Businesses in Northern Ireland will be able to use the postponed VAT accounting for goods imported from...
Export finance for smaller businesses

Export finance for smaller businesses

UK Export Finance (UKEF) is the export credit agency and a ministerial department of the UK government.  The UKEF helps UK companies by providing insurance to exporters and guarantees to banks to share the risks of providing export finance. In addition, it can...
Furlough extended to end April 2021

Furlough extended to end April 2021

During an announcement to Parliament today, 17 December 2020, the Chancellor confirmed the following: An extension of the furlough scheme until the end of April 2021, The date for Budget 2021 has been fixed as 3 March 2021, and Businesses will have until the end...
New Christmas grant for pubs

New Christmas grant for pubs

The Prime Minister, Boris Johnson, has announced an additional one-off £1,000 Christmas grant for wet-led pubs in tiers 2 and 3 who will miss out on much needed business during the busy Christmas period.  A wet-led pub is a bar which doesn’t...
Double entry demystified

Double entry demystified

Most business owners will know the difference between a profit statement and a balance sheet. Both are created from a process known as double-entry bookkeeping. If asked to consider two aspects of a £50 purchase from a stationery store, most would say that their...