Category Archives: Small Business Advice

Prepare for Brexit

The Department for Business, Energy and Industrial Strategy has distributed flyers urging companies that “time is running out” to prepare for Brexit. The transition period ends on December 31st and the UK will officially leave the EU the following day. Despite the impending deadline, many businesses remain unprepared for the changing rules that will be in place from next year. Metro reported that only 24% of businesses were ready for… Read Article →

Evaluating the Job Support Scheme

As part of the government’s efforts to support the economy during the coronavirus lockdown, the chancellor Rishi Sunak has announced a new job support scheme. It has received much positive press coverage, but Barry Fine, a director of Alexander Bursk, remains unimpressed. How effective will the new Job Support scheme be at  stopping  redundancies ? Not Very. Why not? It requires employers to pay their employees at a rate of… Read Article →

Guidance for the ‘Eat Out to Help Out’ Scheme

The HMRC has now issued detailed guidance on how the ‘Eat Out to Help Out’ scheme will operate, including the accounting treatment for VAT. The ‘Eat Out to Help Out’ scheme was introduced at the beginning of August and will be place for the whole month, allowing diners to eat out for half price on Mondays, Tuesdays and Wednesdays. It is an attempt by the government to help support the restaurant and… Read Article →

Extension of the Coronavirus Job Retention Scheme (CJRS)

Last month, the Chancellor Rishi Sunak, announced an extension to the Coronavirus Job Retention Scheme (CJRS). The CJRS enables employers to furlough employees, so that the government pays 80% of their wages. You can find information about the original CJRS here. To help our clients, we’ve provided a summary of the two major changes to the CJRS: From July 1st the scheme will be more flexible. Since the scheme was… Read Article →

Grant Funding Schemes Available for Small Businesses

Local authorities are now making business rate support grant payments, to help businesses during the coronavirus crisis. The grants are comprised of two schemes: Scheme 1 is the Business Supports Grants Fund, where businesses can apply for up to £10,000. Scheme 2 is the Retail, Hospitality and Leisure Business Grants Fund. This allows funding of up to £10,000 for retail, hospitality and leisure businesses with property of a rateable value… Read Article →