During business slumps and economic recessions, enterprises go into survival mode. They will execute multiple strategies to keep the company thriving amidst financial crises. One way to do just that is to devise cost-saving plans to cut business expenses without compromising the acquired talent and human capital. So instead of laying off employees, firms resort …
The pandemic’s adverse effect is crippling the economy, the government, and the country’s whole workforce. With over three months under community quarantine, businesses have no choice but to cease operations and resort to employee lay-offs or furlough, sometimes both. As of date, there are approximately 800,000 enterprises who opted to furlough workers to keep their …
Springtime is just around the corner, and we all know what that means – budgets! UK Spring Budget 2021 and grants extension. Oh, were you expecting something else? Kidding aside, let us get down to business. This previous week, Chancellor Rishi Sunak has announced a few updates that will undoubtedly impact SMEs or Small to Medium Enterprises, …
The pandemic, which was initially expected to be nothing more than a week-long lockdown, has now extended for a year, affecting not only the UK but also every country worldwide. Thus, individuals both self-employed and working have suffered severe changes, some losing their jobs and businesses. Therefore, the government has issued aid in instalments given …
Chancellor Rishi Sunak has decided to double the budget for employees in hiring apprentices of all ages. This budget has been agreed to help young people and their traineeship. Specifically, it has been increased up to a 3k incentive payment. The beneficiaries of this said grant are apprentices taken in by employers despite COVID. …
3K Incentive Payments For New Apprentice Hires – Double The Previous Payments Read More »
Chancellor of the Exchequer Rishi Sunak announced last year in his spending review and just this 2021’s spring’s budget the rise of the national minimum wage and the national living wage. According to him, not only will we experience an increase in rates of both the National Minimum Wage and National Living Wage, but the …
The VAT Reverse Charge (for buildings, construction services) is simply the change of how VAT is handled in the UK Construction Industry Scheme. It applies directly to services and does not include the materials used in the scenario, as this can be provided separately in front of the construction service. What You Need To Do …
VAT Reverse Charge including Construction Industry Scheme: When and How to Use Read More »
Taxes are a pain. That is something that most people would agree upon as a statement. Whether you are a billionaire, worker or someone on the streets, you pay some amount to the government. It is a pain because it takes a cut out of your hard-earned money. The higher your compensation is, the more …
Are you planning to start a business and find yourself stuck at the part where the money is involved? We totally understand. Creating, managing, and growing a business is challenging–not only mentally, but also financially. In this article you will be engaging in new business government grants. However, there are a lot of government grants in …
All the Things You Need to Know About New Business Government Grants Read More »
While the spread of COVID-19 has been mostly under control, several high incidence areas remain on lockdown, with still plenty of businesses forced to shut down temporarily. That’s why the government announced the extension of the furlough scheme, also known as the Coronavirus Job Retention Scheme (CJRS), until December. New Update was recently announced last March 3, 2021 …
Furlough Scheme Extension or Coronavirus Job Retention Scheme Extension Read More »
