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One in ten businesses at moderate risk of insolvency according to ONS

One in ten businesses at moderate risk of insolvency according to ONS

by Gary Woosey | Aug 21, 2020 | Covid-19

According to the latest statistics published by the Office for National Statistics (ONS), around one in ten businesses claim their risk of insolvency is moderate or severe, with the majority of those seeing their turnover fall by more than half this year. The data...
COVID-19 – More than 10,000 SMEs apply for business recovery grants

COVID-19 – More than 10,000 SMEs apply for business recovery grants

by Gary Woosey | Aug 21, 2020 | Covid-19

More than 10,000 small and medium-sized enterprise (SME) owners have applied for a £10,000 Business Boost grant, as firms look to rebuild and recover from the coronavirus pandemic. The grant was launched by Simply Business at the beginning of the year to provide a...
Second round of Self-Employment Income Support Scheme (SEISS) opens today

Second round of Self-Employment Income Support Scheme (SEISS) opens today

by Gary Woosey | Aug 17, 2020 | Covid-19

The second round of the Self-Employment Income Support Scheme (SEISS), which is worth 70 per cent of three months’ average trading profits, capped at £6,570, launches today, Monday 17 August 2020. You can claim for the SEISS if you are a self-employed individual or a...
HM Revenue & Customs issues ‘nudge’ letters to people suspected of having undeclared overseas assets

HM Revenue & Customs issues ‘nudge’ letters to people suspected of having undeclared overseas assets

by Gary Woosey | Aug 17, 2020 | Tax

HM Revenue & Customs (HMRC) has written to people suspected of having undeclared overseas assets, asking them to declare any currently undeclared overseas assets and to complete a certificate declaring the correct tax position. The letters have been generated...
FSB urging businesses not to miss out on emergency Covid-19 funding

FSB urging businesses not to miss out on emergency Covid-19 funding

by Gary Woosey | Aug 11, 2020 | Covid-19

The Federation of Small Businesses (FSB) is warning SMEs that any remaining emergency Coronavirus funding will go back to the Treasury at the end of August if it is not claimed. Earlier in the year, the Chancellor announced £12 billion of funding to help support...
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