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How do you pay back your Bounce Back loan
To help UK plc cope with the unprecedented economic turmoil and start-stop shutdowns caused by the Coronavirus (COVID-19) pandemic, the Government has had to borrow hundreds of billions of pounds. A significant part of this cash was funnelled directly into the bank accounts of small businesses via the Bounce Back Loan Scheme.
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How to close a limited company
Around 10% of businesses close each year for a variety of different reasons. It could be that the owners want to retire, a company is bought out and merged into another, or a business runs into financial difficulty and it can’t meet its creditors’ bills. Unfortunately for directors and shareholders, closing a limited company is…
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How to register as a Sole Trader
Welcome to the next stage of your career – welcome to the world of the self-employed. One of the first things anyone becoming self-employed on their own has to do is to tell HM Revenue and Customs and, in this article, we’ll tell you everything you need to know about how to register as a…
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Five Employment Law Changes Coming In April 2021
With April swiftly approaching, there are many key changes in Employment Law. We highlight the five key ones below with employment tribunal, statutory sick pay, family leave, minimum wages and perhaps for us, most significantly IR35 changes.
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Redundancy? Or What’s the Alternative?
The impact of coronavirus continues to be substantial, with many businesses across the UK facing significant business worries and little certainty on the edge of the horizon. In such a situation, employers therefore need to consider all eventualities, including potentially making people redundant, it is the only responsible thing to do. However, the problem with…
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Budget 2021 – How will it affect you?
Today Rishi Sunak, the Chancellor of the Exchequer set out the Government’s tax and spending plan for the year ahead. We cover the impact from individuals, self-employed and small company owners in detail below. We have also done a quick summary, in case this is easier for you to digest. This is based on what…