Yesterday the Scottish and English governments announced national lockdowns with schools being closed. The net result being all of England and Scotland must stay at home except for a handful of permitted reasons. Wales has already been on a lockdown since mid December. If you had been looking at the daily cases of COVID-19 it […]
Running out of cash is one of the biggest reasons that businesses fail. It’s not surprising really, as forecasting your cash flow can be tricky, not to mention that there are so many variables that determine how much is needed for operations, how much money you have coming in, and how much money you actually […]
…… AND WHY! It’s that time again ….. tax returns! From the 6th of April, accountants start to request information from clients. In this blog, we will go through what information accountants need and why. At 1 Accounts we request the below information from all of our clients via our Karbon software. A secure virtual […]
Yesterday the chancellor delivered his Winter Economy Plan to the nation. And whatever the colour of your politics this was good news for small business owners. And many an accountant will be having a cheeky drink or 2 to celebrate the end of ‘Furlough’. In this blog you will find the key headlines and how […]
The Government has announced details on how to claim the reimbursement for discounts given to diners with the Eat Out to Help Out Scheme. Please talk to us if you need help with your claim and record keeping. Who can claim? If you have registered your establishment for the Eat Out to Help Out Scheme […]
Business Bounce Back Loans – what are they and should you apply for one? Since the scheme launched in May 2020 (just 3 months ago), more than 860,000 bounce back loans have been issued. This means that thousands of small businesses who are struggling due to the coronavirus have applied for and received financial help; […]
Restaurants and other establishments serving food for on-premises consumption can now sign up to a new government initiative aimed at protecting jobs in the hospitality industry and encouraging people to safely return to dining out. The Eat Out to Help Out registration service went live on the 13th of July on GOV.UK, allowing businesses to […]
Sole Traders to get second grant from the Government. The government’s Self-Employment Income Support Scheme will be extended, giving more security to individuals whose livelihoods are adversely affected by coronavirus in the coming months, the Chancellor announced on Friday 29 May 2020. Rishi Sunak announced the Self-Employment Income Support Scheme will be extended – with […]
The portal opens this week to claim your grant is you are self-employed. This is capped as a taxable lump sum of £7500. Once your claim is approved the money will be in your bank account within 6 working days. To check whether you are eligible for this grant click here. Directors of limited companies are NOT […]
The government’s Coronavirus Job Retention Scheme will remain open until the end of October, The key points announced by Chancellor Rishi Sunak are: Coronavirus Job Retention Scheme will continue until end of October furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500 new flexibility will be introduced from […]
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