Do your children know the truth about credit cards?
The Economic Inquiry found that the average person had approximately £3000 more credit card debt than their parents, and more than £7000 when compared with grandparents; no matter what age. But why? Unfortunately, the answer seems to lie in a lack of education. With an increase in encouragement for young people to take out loans […]
Why is goal setting important to small business owners?
As a small business owner, it’s easy to lose sight of what you’re trying to achieve when you’re spinning multiple plates. Yet taking the time to sit down and set goals is one of the most powerful actions you can take in your business (as well as in your personal life) to see growth and […]
How to organise your business finances – our top 10 tips!
Getting your finances in order can seem like a daunting task, but creating an organised system and seamless process for your business finances can help you foresee any financial challenges and allow you to invest more in growing your business. Here are our top 10 tips to help you organise your business finances and […]
What is bookkeeping and how important is it?
What is bookkeeping? Bookkeeping means maintaining a record of your business income and expenses in order to balance the books every month and keep your business organised. Keeping on top of the books is crucial to the success of any business. Bookkeeping can often get confused with accounting, which is the overall financial reporting of […]
Self-employment Income Support Scheme
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your taxable profits after reliefs and allowances, up to a maximum of £2,500 per month for the next 3 months. […]
Support for businesses through the Coronavirus Business Interruption Loan Scheme
The temporary Coronavirus Business Interruption Loan Scheme will support SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will […]
Coronavirus Job Retention Scheme and Furloughed workers
If an employer cannot cover staff costs due to COVID-19, they may be able to avoid redundancies by accessing the Coronavirus Job Retention Scheme as announced on Friday 20 March. The scheme enables the employer to claim a grant of up to 80% of an employee’s usual monthly wage costs, up to £2,500 a month, plus the associated Employer […]