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Furlough figures continue to fall

Almost three million people have moved off the furlough scheme since March as the economy began to bounce back and businesses reopened, according to new statistics. This is unsurprising as employers are now expected to cover 20% of any hours not worked with government providing 60%. It will be sobering

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Tax collection options

If you do not pay your tax bill on time and cannot make an alternative arrangement to pay, HMRC can take ‘enforcement action’ to recover any tax you owe. You can usually avoid enforcement action by contacting HMRC as soon as you know you have missed a tax payment or

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Tax Diary September/October 2021

1 September 2021 – Due date for Corporation Tax due for the year ended 30 November 2020. 19 September 2021 – PAYE and NIC deductions due for month ended 5 September 2021. (If you pay your tax electronically the due date is 22 September 2021) 19 September 2021 – Filing

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More UK businesses join vaccine uptake drive

In a recent press release the government announced that more of the country’s leading businesses from a variety of industries have pledged their support for the UK’s world-leading COVID-19 vaccination programme by offering incentives to vaccinated customers. Asda, lastminute.com, National Express, FREE NOW taxis and Better leisure centres will be

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Fewest number of people on furlough since the scheme began

Furlough numbers have recently fallen to a record-low since the beginning of the pandemic, government data has confirmed. When businesses started reopening earlier this year, furlough numbers plunged by three million and have gradually declined ever since. records show that at the end of June 2021, nearly two million British

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Companies closed after abusing COVID loan support

In what is likely to be the tip of a significant ice-berg, two companies who fraudulently applied for thousands of pounds in grants and loans have been wound up in the courts. According to a recent government press release the two separate companies submitted false documents to at least 41

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Could you benefit from additional tax relief?

Couples may be eligible to reduce their Income Tax by up to £252 a year by sharing their Personal Allowances. HMRC has announced that nearly 1.8 million married couples and those in civil partnership are using Marriage Allowance to save up to £252 a year in Income Tax. Marriage Allowance

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Help to Grow Scheme

It is still possible to register for one of two schemes under the Help to Grow banner.   Help to Grow Management Help to Grow: Management is an Executive Development programme accredited by the Small Business Charter, with 1:1 business mentor support throughout. The 12-week practical curriculum has modules spanning

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UK to reduce unnecessary red tape for British businesses

Ministers have revealed bold plans to reform and modernise the way regulations are made and implemented in the UK. Following Brexit, the UK has the freedom to make and implement regulations that place British businesses and consumers first – freeing firms from excessive formality and reducing costs, while boosting competition,

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Making use of under-utilised resources

Many businesses will have seen a reduction in activity as a direct result of the COVID pandemic. Assets and resources previously fully employed now lie idle or are under-utilised. In this post today we have listed a few ideas that may help you create new income streams from these resources.

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