Despite the recent challenges related to the pandemic, 407,510 new businesses were formed during 2020. Businesses that were able to fit their goods and services to the current circumstances or by moving their operations online, have been the ones to [...]
The UK has left the EU, and for British exporters, that presents both opportunity and uncertainty. While the new trade agreement places no tariffs or quotas on goods traded between the UK and EU from 1 January 2021, it may [...]
Even before the pandemic, cashflow problems were among the main causes of business failure. The danger is they can be hard to spot if other financial measures, such as profit, are looking positive. In many cases the signs aren't obvious [...]
On 24 September 2020, Rishi Sunak announced his 'winter economy plan'. This is not an extension of the furlough scheme, which still ends on 31 October 2020 as planned. The replacement 'job support scheme' will run for six months between [...]
Whether you're making exit plans or you want to give confidence to investors, knowing the value of your business is a vital step. As a starting point, it's important to work out what it is you're actually selling. Is it [...]
The economic update announced by the Chancellor on 8 July, contained several measures focused on a "three-point plan for jobs". Those three points - to protect, support, and create jobs - come as part of a "second phase" of support, [...]
With redundancies on the rise due to coronavirus, it is important to understand how termination payments work. You might have a £30,000 tax-free figure in the back of your mind, and at first glance you are not wrong. However, new [...]
For the majority of us, lockdown has presented many challenges, one of which is working from home. While the self-employed have long been used to deducting certain expenses incurred through working at home, the same is not true for employees. [...]
Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the private use of [...]
When starting a new business, what structure is best? Sole trader, partnership or limited company? As your business grows, it is important to evaluate whether the structure you started with is still the right one. There are other questions to [...]
