Businesses struggling to repay £20bn of Covid loans Reports suggest businesses are struggling to repay their Covid-19 debt, meaning the Treasury may have to write off as much as £20bn worth of Covid-19 financial support, on top of £4.3bn worth of Covid loans being lost to fraud. With the rise in [...]
It's quite difficult for us to get a handle on what business owners think of their accountants, but over the years, we have picked up on some general themes. Many business owners think of their accountants as either: The police/headmaster making sure you don't do anything wrong Mentors or guides to [...]
Cash is a problem for any business. The two main issues are either a lack of It or too much of it. If you are suffering a lack of cash in your business, you probably think having too much is not a problem, but it is still a problem just a [...]
Covid Update From 27 January: - Covid passes are no longer required, although venues can choose to use them if they wish - Face masks are no longer mandated anywhere but suggested in places where you mix with people you don't usually meet From 11 February - Eligible, fully vaccinated passengers [...]
Growing businesses need people. You only have 1 pair of hands, and unless you want to spend all of your time bogged down in admin and firefighting problems, you will need people (whether employees or subcontractors) to do all of the things that you either do not have time to do or [...]
Some businesses find it easy to find customers they are tripping over the work and can’t cope with the amount they have, but many find it difficult, and the biggest worry is where is the next customer coming from. Recycling bins up and down the country are full of ‘junk mail’ [...]
Penalties waived for businesses missing tax deadline Late filing and late payment penalties to be waived for one month for self-assessment taxpayers. With COVID still impacting small businesses and the self-employed, having this month extension will give them more time to complete this. The penalty waivers mean that: Anyone who cannot [...]
Half of businesses struggling to recruit because of skills gap, survey finds Half of businesses are struggling to recruit new staff, a survey has found. Out of the employers surveyed a skills gap was a main concern. With revenue stalling, businesses are unable to increase every employee’s wage as an incentive [...]
As I look back over 2021 and consider what a tough year it’s been, I start to wonder what 2022 will bring. I spent some time looking through our blog library to see what we thought was worthy of writing about in 2021. In January 2021, we laid down the gauntlet [...]
New home working order: Another blow for small firms From Monday, the government says that people should once again work from home "if you can", as measures are stepped up to fight the Omicron variant of Covid. This has come at an already bad time for small businesses, who are still [...]
