Archives for Business - Page 3
Business support must reflect restrictions, say small firms
Responding on 31 July to a reversal of plans to allow more small firms in England to re-open in August, Federation of Small Businesses (FSB) National Chairman Mike Cherry said…
Apprenticeship Scheme Updated
Apprenticeship schemes are intended to give individuals the opportunity to combine classroom learning with a job that allows them to put that knowledge to practical use. The practice dates back…
What’s going On With Non-Essential Local Businesses?
By Garry James Paisley and Friends is an independent shop in Kings Road in St Leonards set up and run by Claire Paisley. They sell products that are well designed…
Chalk: The new Silicon Valley?
By Sarah Cronk Chalk, a new digital community for Eastbourne, Hastings and Lewes has just launched ; This new initiative has been brought to life by custom software agency Switchplane…
New Economic Recovery Schemes
On Wednesday 8 July, chancellor Rishi Sunak announced several schemes intended to help the UK economy recover as we come out of lockdown. Whlst we are still awaiting details on…
SAMLI Hair Studio
By Garry James SAMLI is a hair studio that offers “cuts and coffee”, based on London Road in St Leonards. SAMLI is a Hungarian word, pronounced sham-li, meaning kitchen chair.…
Important Summer Dates
VATOne of the early coronavirus support schemes was an automatic deferment of VAT liabilities. This covered payments falling due in the period 1 April to 30 June 2020. VAT is…
New Discretionary Grant Fund Open For Applications
Hastings Borough Council has finalised its discretionary business grant scheme, and applications are now open. The government announced on Friday 1st May 2020 that they would be making additional money…
Southern Business Region Essential to Post-Covid Recovery
Businesses across the South of England have called on the government to support their growth economies as part of the UK’s drive to recover from Covid-19. Six of the country’s…
My Home Working Experience
In many ways I am in a fortunate position during this current crisis. While many have been unable to work and seen severely reduced income, I have been able to…
Updates on the Job Retention and Self-Employed Scheme
Whilst some lockdown restrictions are now being lifted, the government business support schemes are still continuing. Two of these schemes have seen some major changes in recent government announcements. The…
Support Scheme Updates
Now we are a few weeks into lockdown, several of the support schemes that the government announced have now been implemented. If you run a business but have yet to…
Coronavirus Scam Schemes
At difficult times like this, it is more important than ever that we all work together to get through the current crisis. Unfortunately there are some people who see such…
Government Coronavirus Support Schemes
As the coronavirus pandemic sweeps the globe, the UK, like many countries, has put a lockdown in place. Whilst the retail, hospitality and leisure sections have been hardest hit by…
End Of Tax Year Planning
The end of the tax year, falling on 5 April 2020, is almost upon us again. Whilst there are still only a couple of weeks left, there may still be…
National Living Wage Changes
From 1 April 2020 the National Living Wage and National Minimum Wage rates will be increasing. The increases in the different age categories range from to These are the minimum…
Tax Code Changes
From 5 April 2020, the tax codes of employees across the UK will change. The tax code determines how much of an individual’s personal allowance is applied to their wages.…
Business and Creative Arts Ambassador Welcomed as SELEP’s New Deputy Chair
The South East Local Enterprise Partnership (SELEP) has named Sarah Dance as its new Deputy Chair. First set up in 2011, LEPs are intended to bring local authorities and businesses…
New ‘Post Brexit Planning and Compliance’ Course Fully Fundable By Government Grants
The Government’s announcement today of recontinued grant funding for businesses preparing for Brexit means that all businesses in the South East can now get free training in key Customs process…
Change To Tax Reporting On Property Sales
When you make a gain from selling any major asset, this may result in a tax bill. Each individual has an annual exempt amount for gains, currently £12,000, which is…
Reducing Payments On Account
If the tax due from your 2018/19 tax return was more than £1,000 then HMRC will be expecting you to make payments on account for the following year. On the…
Brand Sprint Workshop
In today’s competitive, fast-moving world, building a compelling brand is critical to your success. This free workshop will help you unlock your company’s competitive advantage and build a profitable brand…
Amending Tax Returns
Despite the deadline being ten months after the end of the tax year, nearly one million people failed to file their tax returns on time. Those people will now be…
Parental Bereavement Leave
The death of a child is always a traumatic event. To help parents through this difficult time, a new form of statutory leave, Parental Bereavement Leave (PBL), is planned to…
10 Years Of Strange Excuses
As this issue of HIP hits the streets, the tax return deadline for another year will be upon us. As with every year, many people will have scrambled to get…
HMRC Collection Powers
Filing your tax return is only half of the story. The majority of people filing tax returns will also have a tax liability to pay as well. Not all of…
Tax Return Filing And Payment
The online filing deadline for 2018/19 self-assessment tax returns is fast approaching. Those who file their tax returns digitally have until 31 January 2020 to get their return in. In…
HMRC Tax App Released
HMRC have released an app, available on iOS and Android, for taxpayers. This app includes a news feed from HMRC and a calculator to allow employees to check their expected…
Tax Question & Answer
I have been having a clear out recently. I have sold some of the things I am getting rid of through boot sales. Do I have to declare the income…
Employment Allowance Changes
The Employment Allowance is a reduction in the National Insurance costs for employers to encourage businesses to take on staff. The allowance covers up to £3,000 of Employer’s National Insurance…
Christmas Tax Planning
With Christmas just over a month away, no doubt many of you are already making plans. Given how expensive this time of year can be, incorporating a bit of tax…
PrizeSaver Account Launched
Savers could now win up to £5,000 a month from a a new account with credit unions that was launched on the 17 October, International Credit Union Day. The Treasury…
Tax Questions and Answers
I am VAT registered and account for VAT on my sales when I raise an invoice. I have just found out one of my customers is going out of business…
Tax Questions and Answers
I have already prepared my 2019/20 tax return and I have a small tax bill. My main source of income is employment. Can I get this additional amount collected through…
Grants For Importers And Exporters
With the threat of Brexit looming ever closer, UK businesses that trade with the EU are likely to see major changes in the near future. One such change is that…
Cycle To Work Scheme
Two of the banes of the modern age are pollution and obesity. Fortunately there is a scheme that addresses, albeit at a small scale, both of these issues at once.…
Divorce And Taxes
We hope that the couples amongst our readership will continue to live long and happy lives together. Sadly statistics indicate that this is unlikely to be the case for all…
Furnished Holiday Lets
The taxation of residential property letting has seen some changes in recent years. The most significant is the change in tax relief on interest payments. These were once just a…
Companies House Encourages Young Entrepreneurs
Entrepreneurs are defined as people who, by setting up a business, take on financial risks in the hope of making a profit. Often seen as people having to innovate by…
Tax Questions and Answers
A new employee has told me that they have a student loan. What do I need to do about this? Student loans provided through the Student Loan company are collected…