All posts by Editorial

COVID-19 update. chancellor summer statement - July 202

Coronavirus update – The chancellor’s summer statement

Amid the transition from the Coronavirus lockdown into a new form of normality, the chancellor Rishi Sunak has presented his economic plan towards financial recovery. The new measures which were mostly welcomed by industry leaders were described by some as unprecedented.

Here is a summary of the main changes introduced.

How to create a robust cash flow forecast?

Look back to the future. Learn how to create a robust cash flow forecast?

A good forecasting exercise isn’t merely about looking at the facts, it’s also a chance to ask ‘what if?’
Ultimately, this allows you to look at different scenarios and test the impact, enabling you to see more clearly how you would be affected by any changes in income or expenditure.
With Coronavirus causing so much uncertainty, now is a very good time to do a forecasting exercise.

How to Write a Business Plan? The essential elements you can’t go without

To make sure that your business is heading in the right direction, its important you lay out a business plan so that you can focus on your targets, ensuring every new assignment you undertake is moving you closer to your goals.

Self Employment Income Scheme

The Self-Employment Income Support Scheme (SEISS) reopens for claims this August. Here’s what you need to know.

In this guide, we will cover the main changes to the Self-Employment Income Support Scheme (SEISS). Namely, the amount of available grant for you, from August and the eligibility requirements to submit a claim.

Changes to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income Support Scheme (SEISS)

Changes to the Coronavirus Job Retention Scheme

Chancellor Rishi Sunak has introduced some changes to Coronavirus Job Retention Scheme (CJRS) and announced a further extension to the Self-Employment Income Support Scheme (SEISS)​. As Britain moves into the first stage of easing the lockdown.

HMRC was given another red card about IR35 mutuality of obligation

IR35 Update: HMRC got another “Red Card” about mutuality of obligation

On May 6th, upper tribunal judges, Zacaroli and Scott gave a key ruling in regards to one of IR35’s most disputable factors – ‘Mutuality of Obligation’. Read the full story

Limited company setup guide - Give your new business a flying start

The Complete Guide to Setting Up Your Limited Company in 6 Easy Steps

Even during these troubled and uncertain Coronavirus times, starting a small business is an exciting step. It puts you firmly in control of your own destiny and earning power while also being a very tax-efficient […]

2020/21 dividends tax guide for directors and limited company owners

What are dividends and how are they taxed?

For most small business owners, the best take-home pay solution is a mixture of salary and dividend, whereby you take your tax-free personal allowance as salary and the rest of your income as a dividend. There are certain rules you have to abide by when calculating and taking dividends. Here we explain how dividends work.