What is solvency?

During periods when demand for your goods and services drop – for example, if your business has been closed down ...
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Prepare accounts quickly

As most self-employed readers will be aware, Self-Assessment tax and NIC payments on account are based on profits earned in ...
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Changes announced to Coronavirus Business Interruption Loan Scheme (CBILS)

Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and ...
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Financial support for exporters

There is a special financial support targeted specifically at exporters. This is in addition to the package of government-backed and ...
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Contactless payment limit increased

The spending limit for contactless card payments has been increased from £30 to £45 effective 1 April 2020. The change ...
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Coronavirus deferral of VAT payments

In another move to help businesses the government announced that VAT registered businesses can defer any VAT payments due between ...
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Coronavirus – relaxation of insolvency rules

New insolvency measures have been announced to help prevent businesses unable to meet debts, due to the impact of Coronavirus, ...
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Further details on Coronavirus Job Retention Scheme

HMRC has published further details on how the new Coronavirus Job Retention Scheme will work in practice. It had already ...
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Relaxation of phone contracts during COVID-19 outbreak

An interesting joint statement from the Government, Ofcom and the telecommunications industry has been published to help offer support to ...
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