Perfect storm coming for UK SMEs in 2022 – if they don’t have a robust employment and retention strategy.
It’s very hard to find or retain high quality skilled people in the UK and it’s going to get harder for SMEs. Inflation is already “baked into” the economy and people’s standard of living is falling “FAST” – that’s not even taking into account the soaring price of energy. With employees and employers NI due […]
12 Month Contract for a Part Time Company Accountant. We are working with a Northumberland based client in the engineering services sector who will require a part time company accountant to cover maternity leave from 1st October 2021. This role will suit a Qualified AAT and covers most aspects of company accounting including: • Monitoring […]
As the world adapts to living with Covid 19, economies open up, and we all come out of lock down, Financial Coaching and Mentoring is more important than ever. Within a matter of months business life lines are going to be gradually removed and it’s essential that businesses have strong financial systems and controls in […]
If your business has been affected by coronavirus (COVID-19), you can still furlough employees and apply for a grant to cover a portion of their usual monthly wages via the Coronavirus Job Retention Scheme (CJRS). From 1 November 2020 to 30 April 2021: You can claim for employees who were employed on 30 October 2020, […]
Employers remember that the new national living wage and the increases to the National Minimum Wage bands come into effect today. From today, the National Living Wage will rise 2.2% to £8.91, and be given to 23 and 24-year-olds for the first time. The National Minimum Wage applies to those from school leaving age to […]
VAT deferral new payment scheme is now open! Very simple to use – simply have you Government Gateway account number and your bank details to hand. Takes less than 5 minutes to do. The new scheme lets you pay your deferred VAT in equal instalments over 11 months, interest free! Do it now! Do it […]
British Business Bank confirms changes to ‘Undertaking in Difficulty’ guidance to make it easier for SMEs to get CBILS.
From Friday 25th September, businesses applying for the Coronavirus Business Interruption Loan Scheme (CBILS) will benefit from more flexibility on the date the test of whether or not their business is an ‘undertaking in difficulty’ is assessed. To be eligible for these schemes, businesses previously had to demonstrate that they were not an ‘undertaking in […]
The Government has confirmed the following ongoing support to UK businesses: Job Support Scheme A new Job Support Scheme will be introduced from the 1st November. The scheme will run for six months. The government will contribute towards the wages of employees who are working fewer than normal hours due to decreased demand. Business will continue […]
Addressing the confusion between Enterprise Value and Equity Value. Business Owners often struggle to understand how much their business is worth and, over the years, I have found much of this relates to their misunderstanding of “Enterprise Value” and a confusion with “Equity Value”. In this Article I hope to alleviate this confusion. Enterprise Value […]
Almost 35,000 North East businesses have benefited from over £1.2bn of funding under two biggest Coronavirus loan schemes, reveal new figures from British Business Bank. New data published today shows that businesses across the North East have received a total of over £1.2bn in funding under the government’s two largest Covid-19 loan schemes, the Coronavirus […]