Why knowing your break-even point is so important

If going into lockdown in March 2020 was a traumatic experience for many businesses, coming out of it will be just as difficult, if not more so. Unless yours is one of the few businesses like food manufacturing, healthcare or delivery services that have prospered, the chances are that you have suffered a fall in…

Read more »

Screw Surviving – lets get thriving…

The Big 6 Things that every business owner should be focusing on as we emerge from lockdown… For Britain’s small business owners, now the lockdown is nearly over and government support is coming to an end, the hard work really starts. How do you get your sales and, most importantly, your profitability, back to where…

Read more »

Protect yourself from phishing attacks

Cyber- criminals are making hay while the sun shines as the COVID-19 pandemic has unleashed a fresh wave of cyberattacks, known as phishing, targeting remote workers and businesses. Phishing is when criminals try to convince you to click on links within a scam email or text message, or to give sensitive information away (such as…

Read more »

Start-up businesses and tax loss reliefs

This article covers the loss reliefs available on the commencement of a new business which are: General sideways loss relief against total income (not available only on commencement). Opening years losses. Losses on incorporation. Transfer of trade under common beneficial ownership. If you are starting a new business or transferring an existing loss making business…

Read more »

Furlough Scheme portal opens for claims on 20th April

HMRC announced plans this week to open the online Coronavirus Job Retention Scheme (CJRS) service on 20 April with the first claims being paid 10 days later. Since the scheme was announced on 20 March, many business owners have been concerned whether the HMRC will pay CJRS grants soon enough to save cash-starved businesses before…

Read more »

How to wind up a small business – a step-by-step guide

With two out of five SMEs already closed, and many more contemplating ruin, here is a step-by-step guide to winding up your small business According to a survey carried out by Opinium recently, two out of five small businesses have already temporarily closed their doors and one can only speculate on how many might have to shut…

Read more »