If you own a business and/or employ staff via a PAYE scheme, and the Covid-19 pandemic has hit your business, here are 5 things you can do to access support and mitigate the impact: 1. Apply to Furlough your employees via the Job Retention Scheme. Furloughing your staff means the government will support you in […]
The Job Retention Scheme has been set up to help pay people’s wages. Any employer in the country (small or large, including charitable or non-profit) will be eligible for the scheme. The scheme makes regular references to ‘Furloughing‘ employees, a largely unheard-of term now the ‘F’ word of choice around the country. But what does […]
Cybercrime is on the increase according to The Federation of Small Businesses (FSB). The organisation, which represents the interests of the UKs small businesses, is alerting business owners to the growing risk posed by cybercrime after research showed that small companies in the UK are collectively subject to almost 10,000 cyber-attacks a day. In a […]
The Government has published a series of technical Brexit notices about what would happen in the event of no Brexit deal being agreed. For businesses, these are likely to be the most useful pieces of information published to date regarding preparation for Brexit. Whilst the Brexit notices consider the worst possible outcome, if they are […]
Recent HMRC cases against individuals and businesses have once again shone a light on the use and payment of family members in the business. In one case, a tribunal judged that payments to a son had been made out of parental love and affection and were not wholly for the purposes of the trade. In […]
With the introduction of new GDPR legislation just around the corner, now is the time to look at your systems and processes to see where you may need to make changes to ensure you comply. One aspect of data collection and privacy that will impact most companies is their website. So, what do you need […]
Are your credit terms stopping you chasing outstanding sales invoices? It may seem obvious to reiterate the importance of chasing outstanding sales invoices, but how many companies can say, hand on heart, that they do chase them religiously and how many businesses can claim that they get 100% of invoices settled within their normal credit […]
Since the ‘Millennium Bug’ it has felt like there is always an event or new piece of legislation coming down the pipeline which is set to cause a major impact to all businesses or shake up a particular sector. Having only just caught our breath after Auto Enrolment, we are now presented with GDPR (General […]
Recent sales figures show that the car market is undergoing a change, probably the most significant since the introduction of the second new registration point or even the introduction of low deposit, final value PCP finance schemes. It would appear that the bi-annual rush to be one of the first to drive a car off […]
A big news story over recent weeks has highlighted significant fines which have been imposed on companies who have not complied with the National Minimum Wage. A record £2m has been paid to workers after companies, which include Argos as well as other smaller companies, were found to have underpaid employees. Minimum Wage Compliance The […]
The general election is just around the corner. No doubt there will be some of you who will know exactly who you’ll be voting for, while some of you still won’t have made up your mind. But whichever way you choose to vote, here’s an overview of what each of the three main parties are […]
A recent report on business funding from specialist bank, Aldermore showed that a lack of funding meant 20% of SMEs missed at least one business opportunity last year. With an average impact of £112,508 per company, those affected worst were businesses with 50-249 employees. Utilising funds and grants is a key part of growth for […]