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Getting your finances back on track with the Recovery Loan Scheme

The Recovery Loan Scheme is a new government loan scheme that will replace the now closed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loans…
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More money for businesses than you know

Even with a little glowing light at the end this unimaginably long tunnel, it does feel like for 2021, things just managed to get worse. But we’re not here to…
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COVID Losses Cash Back Bonus – up to triple the benefits!

Due to the impact of COVID-19, the government want to give businesses who have suddenly suffered significant losses, an opportunity to get some additional cash back into their struggling business.…
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Getting clients back on track with the Recovery Loan Scheme

At a glance The Recovery Loan Scheme is a government loan scheme that allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance…
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BEIS guidance on Restart Grants published

The Restart Grant scheme to help businesses reopen safely as COVID-19 restrictions are lifted has been launched with confirmation grants will be available from 1 April 2021 but applications can…
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Bounce back loan scheme (BBLS) – Pay as you grow

Originally announced by the Chancellor of the Exchequer in September 2020, Pay As You Grow (PAYG) will enable businesses who have started repaying their Bounce Back Loans to: request an…
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VAT deferral payment scheme online service opens

Over half a million businesses who deferred VAT payments last year can now join the new online VAT Deferral New Payment Scheme to pay in smaller monthly instalments, HMRC has…
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HMRC temporarily waives late payment penalties

The payment deadline for self assessment is 31 January and interest is charged from 1 February on any amounts outstanding. Normally, a 5% late payment penalty is also charged on…
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Insolvency protection extended to April 2022 due to pandemic

The government has given businesses much-needed breathing space with extension of insolvency measures under the Corporate Insolvency and Governance Act to relieve pressure on businesses dealing with coronavirus. The government…
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Chancellor extends furlough scheme to March | ICAEW

6 November 2020: Rishi Sunak has announced a five-month extension to the current Coronavirus Job Retention Scheme and increased the level of the next self-employed income support grant. — Read…
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