One in five small businesses not entitled to financial support, FSB reveals


As many as one in five small businesses and sole traders are not entitled to financial support under the Government’s coronavirus support package, it has been revealed.

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Year-End Tax Planning – why it’s vital to be prepared


The clock is ticking towards the end of the tax year on 5 April 2021 and it is important that you utilise all of the available tax reliefs and allowances before the new tax year in order to minimise your

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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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Online sales tax proposal for Autumn Budget


The UK Treasury is considering online sales tax for retailers such as Amazon, Asos and Ocado, after a drastic increase in online shopping and the current “uneven system”, has caused many in-store retailers to be at a disadvantage.

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Number of late Self Assessment returns doubles, HMRC reveals


The number of taxpayers who failed to file their Self Assessment tax return on time has doubled, HM Revenue & Customs (HMRC) has revealed.

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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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Kickstart Scheme: the changes from 3 February 2021


According to a report by the Department for Work and Pensions (DWP), the Kickstart Scheme has supported over 120,000 young people find employment, since its launch in September 2020.

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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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Further financial support to help fishing businesses with new exporting requirements


New financial support will help fishing businesses export their products across the world, it has been announced.

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What to do if you’re rejected for Time to Pay


An estimated 25,000 taxpayers have registered to spread out tax payments this year using the Time to Pay service, HM Revenue & Customs (HMRC) recently revealed.

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