There’s so much to think about when running a small business and you can’t do it alone forever. For one thing, handling the financial side of your business is a full time job in itself and you really can’t afford to take your foot off of the gas for any length of time. Without external…
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Employees working from home due to the coronavirus pandemic can continue to claim tax-relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. Employees working from home due to the coronavirus pandemic can continue to claim tax-relief on costs not…
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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 or asset finance. It replaces the now closed. Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loans Scheme with Capitalise…
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Two thirds of small and medium businesses have had their cash flow negatively impacted by the pandemic, while 23% have been hit ‘very negatively’ The latest research by online lending platform CapitalBox found that cash flow issues had curbed investment with 25% claiming that they had been unable to pay employees and a further 15%…
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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 or asset finance. It replaces the now closed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). This Capitalise guide provides the details. https://cabdigitalaccountants.co.uk/wp-content/uploads/2021/04/Capitalise_Recovery_Loan_Scheme_Datasheet.pdf
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 be submitted in advance Eligible businesses in the non-essential retail sector may be entitled to a one-off cash grant of up to £6,000 from their…
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Accounting is notoriously complex but as a small business owner, good accounting practices are essential to the financial health of your organisation. Taking your accounting seriously from the start is the best way to set your small business up for success and it will allow you to operate much more efficiently in the future. Bad…
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Is your business not operating at maximum efficiency? Fortunately, some problems are easier to spot and fix than you think. Systems, processes, operations, logistics – every one of these different departments can develop issues. As a business owner, you either oversee all of them yourself or the people responsible for them. But even with a…
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Making mistakes is an unavoidable part of your entrepreneurial journey, but certain errors may prove fatal for your fledgling business. According to the USA Bureau of Labor Statistics, 20% of small businesses fail in the first year. Often, this is due to naivety or a lack of preparation. Let’s take a look at some of…
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Rapid revenue growth has its pitfalls. Luckily, there are ways to grow your revenue steadily and sustainably. Businesses strive to make more revenue and profits. However, the relationship between company growth and available resources isn’t as straightforward as it might seem. Revenue growth requires financing and it depends on the company’s resources. If development is…
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