Employment Redundancy The thought of unemployment usually sends a shiver down your spine. But there are some situations where redundancy or job loss is preferred because the workforce needs to be reduced. Can you ever make yourself redundant by choice? Why yes, you can. Whether it is from wanting to change careers or from wanting …
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 »
The pandemic does not only affect the health and safety of society. It is also crippling the economy of all countries, hurting the livelihood of millions. The mandatory cancellations, distancing, and lockdowns are not conducive for most businesses. To keep their ventures afloat, companies do not have any other options than to furloughed workers and …
As a business grows, a business owner will need more help professionally and personally to continue its operations, a sample of that would be the key advisors of businesses. Many business owners do not always know whom to turn to grow, manage, and operate a business. This is why it is recommended that they turn …
4 Key Advisors a Business Owner Needs as the Business Scales Read More »
Value-added tax (VAT) is a kind of tax that is levied on consumption rather than income. It occurs when a product is taxed as it becomes more valuable through the supply chain – meaning from production to the point of sale. Since it is a consumption tax, VAT is applied equally to everyone who avails …
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 »
