Budget 2021: what you need to know about the Recovery Loan Scheme

The Recovery Loan Scheme will help businesses restart and recover from the Covid-19 pandemic, the Government has announced.

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Government Start Up Loans attributed to rapid rise in new companies

The number of new businesses registered at Companies House grew significantly during the final six months of 2020, the latest statistics have revealed.

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Government set to unveil £520 million ‘help to grow’ scheme for small businesses

The Chancellor, Rishi Sunak, is set to announce plans to help the UK’s economic recovery by unveiling a new ‘help to grow’ scheme for small to medium-sized enterprises (SMEs).

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Draft legislation implements requirement for “mandatory independent scrutiny” of pre-pack administration sales

New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced.

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Small businesses handed £7.8 billion through local authority grant schemes, figures reveal

More than £7.8 billion in grant funding has been delivered to small businesses through local authority grant schemes, it has been revealed.

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Self-Employment: Government set to announce the fourth round of SEISS in Budget  

The Chancellor, Rishi Sunak, is set to announce the fourth round of the Self-Employment Income Support Scheme (SEISS) at the Budget on 3 March, according to reports.

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Businesses to have access to free service to help resolve disputes with banks

Small and medium-sized enterprises (SMEs) will have access to a new independent service to assist in resolving disputes with banks.

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Government urged to extend COVID business support measures

The Government is being urged to extend emergency coronavirus support in the upcoming Budget with a recent study warning that businesses face a £50 billion shortfall when the support measures end in April 2021.

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Business owners put billions of pounds on the line to secure early CBILS loans, figures reveal

Business owners who took out an early coronavirus loan have more than £1.2 billion of personal guarantees on the line, a major study has revealed.

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Insolvency: 900,000 UK businesses are ‘at risk’ of closure

One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research.

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Construction industry VAT reverse charge to come into effect on 01 March, Government confirms

The delayed Construction Industry Scheme (CIS) VAT reverse charge will come into effect on 01 March 2021, it has been confirmed.

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Voluntary and compulsory strike off processes paused in response to national lockdown

Companies House will pause both the voluntary and compulsory strike off processes for one month to support businesses affected by Covid-19, it has been announced.

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CJRS: Annually paid directors may now be eligible for furlough claims

Small company directors that were not able to claim under the Coronavirus Job Retention Scheme (CJRS) because they paid themselves an annual salary in March 2020 may now be eligible to claim under the scheme.

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EU exports halt as UK firms encounter extra charges

Due to the new trade rules that came into effect on 1 January 2021, many UK businesses, who export to the EU, have been hit by extra charges, taxes and paperwork. Some have stopped exports to the EU as a

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Is your business ready for 2021? Get set for the year ahead with forecasting, budgeting and effective cash flow management

Businesses have faced a number of unexpected challenges over the past year, with the coronavirus pandemic having an unprecedented impact on our lives. With England now in national lockdown once again, it’s more important than ever to ensure that your

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