Charities and social enterprises that have been operating for a minimum of two years can now apply for loans worth up to £1.5 million from Social Investment Business (SIB). Eligible organisations can apply for loans of £100,000 to £1.5 million with a one-to-six-year term, and no early repayment penalty. BAME-led organisations and those based in […]
Small business leaders can now register their interest in Help to Grow Management, a 12 week-programme delivered by leading business schools across the UK. Designed to be manageable alongside full-time work, this programme will support small business leaders to develop their strategic skills with key modules covering financial management, innovation and digital adoption. Who is […]
Following the recommendations of the independent Low Pay Commission, the government will increase the NLW for individuals aged 23 and over by 6.6% from 1 April 2022. The government hasalso accepted the recommendations for the other NMW rates tobe increased. From 1 April 2022, the hourly rates of NLW and NMW will be: £9.50 for […]
No changes to the current rates of CGT have been announced. This means that the rate remains at 10%, to the extent that any income tax basic rate band is available, and 20% thereafter. Higher rates of18% and 28% apply for certain gains, mainly chargeable gains on residential properties, with the exception of any element […]
Most corporate and unincorporated businesses are able to utilise a £200,000 annual investment allowance (AIA) to claim 100% tax relief on their qualifying expenditure on plant and machinery. The allowance was temporarily increased to £1 million for expenditure incurred on or after 1 January 2019 and was due to revert back to £200,000from 1 January 2022. […]
Business rates have been devolved to Scotland, Northern Ireland and Wales. The government announced at Budget 2020 that it would conduct a fundamental review of the business rates system in England. The government’s objectives for the review were reducing the overall burden on business, improving the current business rates system and allowing the consideration of […]
On 4 October the Chancellor Rishi Sunak announced a further extension of the incentive grants for employers hiring apprentices. The scheme, which offers grants of £3,000 to employers taking on a new apprentice, was originally due to close on 30th September 2021, but has been extended until January next year. There is still time to […]
UK businesses exporting to Europe can now access one-to-one advice via the new Export Support Service (ESS). The Export Support Service is a new government helpline and online service where all UK businesses can get answers to practical questions about exporting to Europe. It gives access to cross-government information and support in one place. All […]
As it is World Mental Health Day this Sunday it’s worth exploring what businesses can do to support their people and help them manage their mental health and well-being. Start with a plan Creating a mental health plan for your business can help you to promote wellbeing for your team. A typical plan might include […]
With many employees going back to work after the end of furlough support, and a gradual return to working back in the office many families will need to start thinking about re-adjusting childcare options. Employees should set up a “Tax-Free” Childcare Account if they haven’t already done so to help pay towards the cost of childminders, breakfast and after […]
