New government support for England’s fishing industry

The government has announced that more than 1,000 fishing and aquaculture businesses in England will receive direct cash grants through a new fisheries support scheme.

The scheme will make available grants of up to £9 million for eligible

Change to CLBILS for larger concerns

The scope of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) was expanded by the Chancellor ahead of the scheme launch on 20 April 2020. The scheme enables banks to make loans to firms with an annual turnover of over £45

Student and postgraduate loans

If you had a student loan and have finished your studies and entered the workforce you must begin to make loan repayments from the April after you have finished your studies or when your income begins to exceed the annual threshold. The annual

Why a grant is preferable to a loan

The Government has launched a raft of grants and loan guarantee arrangements since the COVID-19 lock-down started last month.

In almost all cases the grants are taxable and non-repayable, unless HMRC at some future date consider that the grants were

Tempted to lower your prices?

Under normal trading conditions – pre-COVID-19 disruption – every time we sell our goods or services each sale requires that we cover three categories:

The direct costs of the sale (for example, the raw materials purchased to produce

Coronavirus Job Retention Scheme extended

The Chancellor of the Exchequer, Rishi Sunak, has announced today (17 April 2020) that the Coronavirus Job Retention Scheme is to be extended by one month until the end of June. This announcement will help provide many businesses with more certainty

New guidance on social distancing in the workplace

The government has published sector-specific guidance for employers in England on social distancing in the workplace during coronavirus (COVID-19). The guidance covers how social distancing and other measures might be implemented by employers to

Coronavirus Job Retention Scheme update

The government has confirmed a number of important of announcements regarding the eligibility requirements for using the Coronavirus Job Retention Scheme and the opening of the online portal for applications.

The date on which employees can be

Cost v investment?

There is a temptation to treat expenditure as a cost. The Cambridge Online dictionary defines cost as:

“The amount of money needed to buy, do, or make something”

What this definition does not do is to expose the difference between a

What is overtrading?

Once the present lock-down is eased, those businesses that have manged to weather the disruption will be eager to start selling.

Sales will be the indicator that receives the most attention; sole-traders, partners and directors will be out of their

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