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Bounce Back Loan repayment terms extended to 10 years

Businesses that took out government-backed Bounce Back Loans to get through Covid-19 will now have greater flexibility to repay their loans, the government has announced. Bounce Back Loan borrowers will…
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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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Five Ways to Reduce Costs and Boost Your Profitability

Not sure why your bottom line isn’t pretty? Sometimes, overspending can hurt your profitability despite your record sales. Profitability doesn’t only come from sales numbers. And a profitable business isn’t…
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How to Create a Realistic Business Budget

Your business needs a budget but when you’re starting out it can be tempting to skip this step. That would be a mistake, because a budget is a powerful tool…
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HMRC remind taxpayers to claim marriage allowance

HMRC are reminding married couples and people in civil partnerships that they may be able to take advantage of the marriage allowance and claim a tax refund before the end…
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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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Cash flow forecasts

Brexit preparations

British businesses are beginning to turn attention to Brexit preparations. But they need to consider how the internal market will change at the end of the transition period. Here’s what…
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Deadline approaches for reporting CGT on UK residential property

20 July: Under new rules capital gains tax (CGT) on disposals of UK residential property must be reported by 31 July to avoid a penalty, reminds ICAEW’s Tax Faculty. A…
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