Covid-19 Update 2. Thursday 19th March 2020
Regarding business loans help is expected to be available on Monday 23rd March 2020 called ‘Coronavirus Business Interruption Loan Scheme’ (CBILS). Businesses will need to apply through a participating lender. The full eligibility criteria has not yet been published, though at the time of writing includes: • turnover of no more than £41 million per annum […]Read More
Covid-19 update 1. Thursday 19th March 2020
Rather than answer individual enquiries about relief available at this unprecedented time, I will post a blog as information comes to hand. The reliefs have only been anounced by both Westminster and Holyrood. That is “the what”. They are now working out “the how”. Here is the latest information; Small Business Bonus Scheme: You can […]Read More
Business Bites Episode 6: What is your “Total Debt Service Ratio”?
Business Bites Episode 5: is there such a thing as good debt?
Are you ready for the increase in pension rates ?
From the 6th April 2018, auto enrolment pension rates are going to increase. It’s important that you’re ready for these contribution increases so that the correct amounts are deducted from your payroll at the right time if you are employer. If you are an employee, you will be paying higher contributions so you need to […]Read More
Do insurance companies pay out on red alerts ?
There is a rumour that insurance companies will not pay out for accidents during a red alert. (Red alert is in place in Scotland at the time of writing, 1st March 2018). This is NOT true. It is not about whether there was a red alert but whether there was “contributory negligence” on the driver’s […]Read More
Automatic enrolment doesn’t end with a declaration of compliance
So, you’ve assessed your staff, put them into a workplace pension, and declared your compliance. But automatic enrolment (AE) doesn’t end there, and neither does your responsibilities. There are still legal duties that need to be completed – automatic enrolment is an ongoing responsibility even after the declaration. Every time your run their payroll, their […]Read More
Film investment – not bad for middle income earners
Did you know that if you invest in a film, you get a 30% tax deduction ?. If you are in the 20% band, that’s a good investment; especially if you get a dividend from the film. The film company accountant will issue you with an “EIS3” form (Enterprise Investment Scheme). They fill it in […]Read More
PSD2 (second Payment Services Directive). Are you ready ?
Yup…another innovation you should know about. PSD2…what’s that ?. Basically, ‘merchants’, businesses like Amazon, with your permission, will retrieve your account data from your bank. That means when you buy something, they can make a payment for you, without having to redirect you to another service (like PayPal or Visa). This is designed by the […]Read More
Are you ready for “open banking” ?.
To be simple, it means that your data can be given to other people. Why ?. So they can offer you a product that is specific and taylored to your needs and your lifestyle. Before you switch off and say “not interested. I am a private person”, please look at the intent before making your […]Read More