Amazon, together with Enterprise Nation have launched a new online service to provide startups and small businesses across the UK with business support.
Since April 2019, VAT-registered businesses have been required to use the Making Tax Digital service for:
Prior to covid-19, many SMEs were reluctant to take on debt and those that did tended to have a negative experience on lending processes, according to research carried out by Deloitte. SMEs often struggled to access the finance they needed to grow, with barriers such as lack of awareness and reluctance to give up control having an impact.
Following concerns over the collapse of the high street, the chancellor is considering introducing a tax on goods sold online.
On Wednesday 8th July 2020, Chancellor, Rishi Sunak, announced a stamp duty holiday for property buyers in England and Northern Ireland, effective immediately, until 31 March 2021.
With UK staycations set to boom as a result of the covid-19 pandemic, are you considering investing in holiday lets or expanding your existing portfolio?
Staycations have been on the increase for the past few years. Heatwaves, Brexit, the weak pound, overseas terrorist attacks and the current climate crisis have all led to more Brits swapping their overseas holiday to one closer to home. Now, with the outbreak of coronavirus, not only is this trend set to continue but it is likely to get a big boost.
This increase in staycations presents property investors with an opportunity, especially as many lenders are offering very competitive, dedicated loans, focused on serving the specific needs of holiday let property investors.
If you are considering investing in holiday lettings, we have a panel of lenders who specialise in commercial holiday let mortgages. We can help you find the finance solution that is right for your needs.
Get in touch to find out more.
A new fund has been launched to help businesses in Leicestershire recover from the effects of the coronavirus pandemic.
According to recent research, many employers may be committing acts of fraud in relation to the Coronavirus Job Retention Scheme. If you are an employer who has furloughed staff, ensure that you understand and adhere to the rules or you could risk charges and penalties.
If, before lockdown, you had ordered or were looking to purchase new equipment or commercial properties, all which are subject to VAT liabilities, you may now find that you have a funding gap for the VAT.
What you need to know about the Bounce Back Loan Scheme (BBLS)
From today, small businesses that have been adversely impacted by the Covid-19 outbreak can apply to the Bounce Back Loan Scheme. Businesses can apply for loans between £2,000 and £50,000 for a fixed term of 6 years. The maximum you can borrow is up to 25% of your business’ turnover in 2019.