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 the item sold), A...

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 claimed...

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 million. Businesses with...

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 at this very...