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UK and London Living Wages increase

The Living Wage Foundation has announced that its UK Living Wage has risen by 20p per hour from £9.30 to £9.50 per hour. Its London Living Wage has risen by 10p per hour from £10.75 to £10.85 per hour. Over 250,000 UK workers will now receive a pay

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New Furlough Scheme guidance published

The detailed Furlough Scheme rules were updated 10 November 2020. To use the extended scheme - to 31 March 2021 - the steps that are required are: Check if you can claim Check which employees you can put on furlough Steps to take before

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Barter your way through COVID disruption

While we wait for the magic-bullets that promise to reduce the impact of COVID - vaccines etc - should we be exploring ways to exchange goods and services with our suppliers and customers? Barter is defined as: the exchange of goods and services

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Getting the most out of digital data

One of the great benefits of data stored in an electronic format is that it can be sorted in an endless array of reports. This offers business owners who have invested in accounts software a range of options. Once you have input basic accounts

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Uncertainty

While politicians and scientists try and figure out the best way to control COVID, we are left to pick up the pieces and try and salvage what we can of our businesses. Our economy is built on various, level playing field assumptions: Same legal

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Online sales platform

If you sell goods or material that can be sold from the internet, have you considered this form of sales platform for your business? Providing access for your goods on the internet is a sensible strategy. If we have learnt anything from COVID it is

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Less than 100 days to file your tax return

HMRC has published a news release to remind taxpayers that there is now less than 100 days to file their 2019-20, Self-Assessment tax return. Last year over 11 million taxpayers were required to complete a tax return, but over 958,000 taxpayers

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Taxable business gains

If you are in business as a self-employed sole trader or as part of a partnership, there may be occasions when you are required to pay Capital Gains Tax (CGT). CGT is normally charged at a flat rate of 20% on the amount of ‘profit’ or ‘gain’. You

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Responding to a court judgement

In today’s precarious business environment many companies are unable to pay their debts. If this happens, your creditors can ultimately apply to the court to get their debts paid. This can be done either by getting a court judgement or making an

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