Yesterday the Chancellor announced further financial support for businesses affected by the pandemic.
As businesses are starting to feel the financial effects of the current pandemic, job losses are rising and there is a possibility that some employees may have to be made redundant. This guide explains what redundancy is and outlines how it works, including redundancy notice periods, statutory redundancy pay and tax on redundancy pay.
On the 24th September 2020, Rishi Sunak announced several new schemes to support businesses and workers across the UK as part of his Winter Economy Plan.
Over the course of this post, we’ll take a close look at the details of each of the new schemes, but we’ve also provided a brief rundown of the main highlights below.
In the Chancellor’s summer statement, it was announced that the VAT rate for the hospitality industry would be reduced from 20% to 5% on a temporary basis from the 15th July 2020 to the 12th January 2021. This change has been brought in by the government in an effort to support businesses that have been severely affected by COVID-19.
Getting funding for your business can give it a chance to grow, whether you’re a start-up, developing or an established business. Read on to learn more about how you can get funding for your growing business.
As of 1 October 2019, the government is changing the way it collects VAT from the construction industry. Known as “the domestic reverse charge” the new anti-fraud rule aims to combat VAT fraud in the construction industry.
The payroll year end is fast approaching and it’s important to make sure that you are prepared. There are a number of things you need to do to in order to successfully end the payroll year. Below we have devised a checklist to help guide you to a successful year end
Creators usually generate income either through advertising or through a partnership with brands and companies to produce a certain amount of content within a certain amount of time. Many content creators also look to gain extra income through selling merchandise or asking for donations to sites such as Patreon. In-between trying to build up your following and trying to make creative content it can be easy to forget about the accounting side of things. Below we have listed some helpful tips for making sure your accounting is up to scratch if you are a YouTuber or Twitch streamer.
Yesterday (29th October) Phillip Hammond announced his budget with a number of announcements. Here are the key points that you need to know
The thought of being self-employed can be quite daunting. There is a lot you need to think about such as paying your own taxes, the type of business you want to run and budgeting. Keep reading for advice on how to get started with being self-employed.