Edit – Job Support Scheme Now Postponed The Coronavirus Job Retention Scheme (CJRS), which was due to end on 31 October, will now be extended, with the UK government paying 80% of wages for the hours furloughed employees do not work, up to a cap of £2,500 for periods from 1 November. The new Job Support Scheme, which was due to start on Sunday 1 November, has been postponed. Any employees who have already signed agreements for the Job Support Scheme which was due to start on the 1st of November must be placed back on furlough leave wherever applicable. […]
Monthly Archives: October 2020
Making Tax Digital is already compulsory for VAT registered businesses with a taxable turnover of over £85,000. At the present time, smaller businesses with less turnover aren’t currently obligated to comply. However, the extended date for Making Tax Digital for all VAT registered businesses is now confirmed as April 2022. Making Tax Digital For VAT As we know, MTD is already compulsory for VAT registered traders with an annual turnover exceeding £85,000. However, smaller VAT registered businesses with lower turnover have so far been exempt. This is, in part, due to plans to make tax digital for all VAT registered […]
How Cash Flow Planning Can Help Your Business Recover From Covid-19 For business owners, one of the hardest questions posed by the outbreak of Covid-19 was “How long can we last without cash flow?”. To quickly adjust for the difficulties ahead and with cash flow forecasts being a required part of the application process for government-backed loans, many found it necessary to take a good hard look at their budget. In this instance, cashflow planning has prepared businesses for the impact of the pandemic. But it’s much more than just a tool in a crisis. The Importance Of Cash Flow […]