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Government backs UK entrepreneurs with six hundred million of Start Up loans

The UK Government’s Start Up Loans scheme has now provided £600 million in loans to small businesses outside London, providing extensive support for entrepreneurs across the UK. The initiative, run by the British Business Bank, was created in 2012 to provide a wide range of smaller businesses with more opportunities to create jobs, expand and…
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What is round the corner?

Having glimpsed the light at the end of the COVID tunnel, many of us will have everything crossed that progress towards normality will continue. The winter months are not a brilliant time for infection and we should expect the usual rash of flu, and now COVID, cases to increase. In the past two years words…
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Hundreds of business names dismissed by Companies House during pandemic

Over the last two years, Companies House has disallowed more than 800 business names for being ‘too offensive’. Building That Fought Hitler Limited, Cambridge Cannabis Club Limited, Fancy a Bomb Ltd and Fit as Fork Ltd are among the company names that have been rejected by the executive agency and trading fund for the government.…
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Tax-free childcare costs

Families are reminded that they may be able to claim for tax-free childcare costs to help pay for breakfast and after school clubs as children go back to school. In a recent press release HMRC confirmed that Eligible families can save money on their childcare and benefit from a government top-up worth up to £2,000…
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SMEs can enhance business performance by joining Peer Network scheme

A government-funded Peer Networks scheme is offering support to small and medium-sized enterprises (SMEs) across the UK. The programme, which is free to join, helps organisations tackle common business challenges through interactive action learning. Additionally, the scheme’s trained mentors help small and medium-sized businesses handle new opportunities and build a strong support network. Business leaders…
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Supply chain issues gaining traction

News broke in recent days that McDonalds were running out of supplies. As a direct result of these supply chain issues their iconic milk shakes are being dropped from menus together with other bottled drinks. These particular shortages will apply to outlets in England, Scotland and Wales. Supplies in Northern Ireland are holding up, so…
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Tax Diary September/October 2021

1 September 2021 - Due date for Corporation Tax due for the year ended 30 November 2020. 19 September 2021 - PAYE and NIC deductions due for month ended 5 September 2021. (If you pay your tax electronically the due date is 22 September 2021) 19 September 2021 - Filing deadline for the CIS300 monthly…
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Tax collection options

If you do not pay your tax bill on time and cannot make an alternative arrangement to pay, HMRC can take ‘enforcement action’ to recover any tax you owe. You can usually avoid enforcement action by contacting HMRC as soon as you know you have missed a tax payment or cannot pay on time. They…
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Furlough figures continue to fall

Almost three million people have moved off the furlough scheme since March as the economy began to bounce back and businesses reopened, according to new statistics. This is unsurprising as employers are now expected to cover 20% of any hours not worked with government providing 60%. It will be sobering to see how the final…
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Can you claim the marriage allowance?

In a recent news story published on the GOV.UK website, HMRC confirmed that nearly 1.8 million married couples and those in civil partnerships are claiming the Marriage Allowance to save up to £252 a year in Income Tax. The allowance enables married couples or those in civil partnerships to share their personal tax allowances if…
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