Small firms are reeling from lockdowns, but tax blow is looming

Months of lockdown, restricted trading and money spent on anti-Covid-19 measures mean that thousands of small business owners are at breaking point. But for many, next Sunday’s tax payment deadline could be the final straw.  While revenues have collapsed as a result of ten months of zero or little money coming in, costs such as … Read more Small firms are reeling from lockdowns, but tax blow is looming

Good Club: Could this eco-friendly supermarket help cut waste?

Buying food from a supermarket, either in-store or online, often results in households dealing with a huge mountain of waste – including packaging that cannot be recycled.  Now, an online sustainable grocer – Good Club – is hoping to help our fight with plastic and cardboard packaging through the launch of its zero-waste delivery service. … Read more Good Club: Could this eco-friendly supermarket help cut waste?

Firms falling through cracks in Chancellor’s aid packages

Hundreds of thousands of small businesses which fall through the gaps in Government support are on the brink of collapse because of the pandemic and are in desperate need of financial help – which isn’t coming.  Many have seen their incomes disappear as a result of lockdown restrictions leading to cancelled bookings and vanished sales. … Read more Firms falling through cracks in Chancellor’s aid packages

Still haven’t done your tax return? Five expert tips for meeting the 31 January deadline

HMRC is still waiting for 4.9million people to file their 2019/20 tax return in time for the 31 January deadline. So far 7.2million people have completed their self-assessment form, and HMRC said it expected the total figure to reach 12.1million. If you file after the deadline, you will receive an automatic fine of £100. Last … Read more Still haven’t done your tax return? Five expert tips for meeting the 31 January deadline

Still haven’t done your tax return? Five expert tips for meeting the 31 January deadline

HMRC is still waiting for 4.9million people to file their 2019/20 tax return in time for the 31 January deadline. So far 7.2million people have completed their self-assessment form, and HMRC said it expected the total figure to reach 12.1million. If you file after the deadline, you will receive an automatic fine of £100. Last … Read more Still haven’t done your tax return? Five expert tips for meeting the 31 January deadline

Record number of buy-to-let landlord companies set up in 2020 – beaten only by online shopping firms

A record number of buy-to-let landlords set up holding companies for their properties last year, in a bid to swerve higher taxes.  There were 41,700 new companies were formed in 2020 – an increase of 23 per cent on 2019, according to estate agent Hampton International.  Buy-to-let incorporations were the second most common type of … Read more Record number of buy-to-let landlord companies set up in 2020 – beaten only by online shopping firms

FSB warns at least 250,000 small businesses will fail in 2021 if Government doesn’t act now

At least 250,000 small businesses could shut up shop for good this year, according to the Federation of Small Businesses.  Confidence is at an all-time low and a record number of businesses revealed plans to close their firms in the coming 12 months, its latest Small Business Index shows.  Meanwhile, one in five SMEs reduced … Read more FSB warns at least 250,000 small businesses will fail in 2021 if Government doesn’t act now

Hospitality firm not eligible for any of Chancellor’s cash

Business owner Justin Gilchrist can appreciate the irony, albeit through gritted teeth. His company, South Catering, is not eligible for any of the Government’s hospitality grants.  Before the pandemic hit, the Manchester-based business was one of the leading caterers for corporate launches, conferences and meetings in the North West. Now business is at a standstill.  … Read more Hospitality firm not eligible for any of Chancellor’s cash

Hospitality firm not eligible for any of Chancellor’s cash

Business owner Justin Gilchrist can appreciate the irony, albeit through gritted teeth. His company, South Catering, is not eligible for any of the Government’s hospitality grants.  Before the pandemic hit, the Manchester-based business was one of the leading caterers for corporate launches, conferences and meetings in the North West. Now business is at a standstill.  … Read more Hospitality firm not eligible for any of Chancellor’s cash