Furlough extended to end April 2021

During an announcement to Parliament today, 17 December 2020, the Chancellor confirmed the following: An extension of the furlough scheme until the end of April 2021, The date for Budget 2021 has been fixed as 3 March 2021, and Businesses will have until the end...

New Christmas grant for pubs

The Prime Minister, Boris Johnson, has announced an additional one-off £1,000 Christmas grant for wet-led pubs in tiers 2 and 3 who will miss out on much needed business during the busy Christmas period.  A wet-led pub is a bar which doesn’t...

Double entry demystified

Most business owners will know the difference between a profit statement and a balance sheet. Both are created from a process known as double-entry bookkeeping. If asked to consider two aspects of a £50 purchase from a stationery store, most would say that their...

EU exit – did you read this letter?

The Secretary of State for Business, Energy and Industrial Strategy, Alok Sharma has written a letter to businesses in the professional services sector. The letter (available in English and Welsh) provides tailored advice on what key actions businesses must take...

Treasury directive re third SEISS grant

HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of the Self-Employment Income Support Scheme (SEISS).The Direction mainly deals with the expansion of the SEISS from 1...

Coping with the new EU reality

It is apparent that our final exit from the EU, 1 January 2021, will disrupt the movement of goods, back and forth, while transport links and customs authorities adjust to the new reality. Hopefully, readers that are directly affected – with customers or...