We take a look at the British Business Bank's June 2022 report that covered a process evaluation and early assessment of the support loan guarantee schemes provided during the pandemic.

The Recovery Loan Scheme has been a huge success but with changes planned for the new year, businesses should move to get deals agreed sooner rather than later.

Growing businesses are leaning on their advisors to help them achieve their ambitions. Are you ready for the tough questions? Andrew Moon, Co-Founder and Head of Business Solutions at Swoop explains.

Andrea Reynolds, CEO at Swoop Funding explains revolving credit facilities and how they can help clients manage cash shortages in their business.

The UK enters the second half of 2021 with more SMEs managing more debt than ever before due to the impact of the pandemic. Following on from the GOVT backed CBILS and BBL schemes, we are witnessing a situation where the RLS (Recovery Loan Scheme) has not yet fully established itself in the marketplace.

Richard Bearman at the British Business Bank speaks to ICAEW about payment holidays and the Pay As You Grow (PAYG) scheme.

So your client has deferred their VAT payments until March 2021, their self-assessment payment on account until January 2021, taken out a Bounce Back Loan to tide them over and meanwhile the staff are on furlough until the scheme ends. Are they heading for a cash flow disaster come the end of the year?

The overarching goal of every business adviser is to achieve a full recovery for their client’s business and secure for them a sustainable and profitable future. While navigating the tricky precipice that is ongoing solvency, how does the adviser know whether to ‘press the button’ on liquidation or turnaround and what measures can be taken before arriving at the correct decision?

Businesses will no doubt welcome the Chancellor’s recent extension to the furlough scheme and £1000 jobs bonus. However, given that we are looking at difficult economic times for a considerable period to come, many employers will be forced to make staff cutbacks. Here are some of the things clients should consider when thinking about making redundancies.

These are difficult and worrying times, including for business owners. It was reported in the Financial Times last week that an extra 21,000 companies were dissolved in March 2020, compared to March 2019. Sadly, the COVID-19 pandemic will cause the failure of many businesses. Some companies will cease trading, never to recommence. However, other companies will survive, although their owners may be forced to operate on a much smaller scale.

A brief summary following the HMRC webinar on how to account for grant monies received via the government coronavirus support schemes on a company corporation tax return CT600, including worked examples and useful links

Claims for the fifth and final SEISS grant are now closed. There has been some discussion over the SEISS grant being included on the tax return and the implications for tax practitioners. This short article draws together existing available guidance for easy reference.

Increased turnover is a red flag that SEISS grants may need to be repaid, but it isn’t conclusive. A much more granular approach is needed, for example to establish whether a new contract arose providing a late boost to profits unforeseen at the time a claim was made.

If you have claimed furlough grant monies on behalf of your clients from 1 December 2020, details of claims made have now been published by HMRC. You may wish to make your clients aware that HMRC have disclosed certain information.

Growing businesses are leaning on their advisors to help them achieve their ambitions. Are you ready for the tough questions? Andrew Moon, Co-Founder and Head of Business Solutions at Swoop explains.

Changing the culture of an organisation is one of the greatest tests of leadership.

Off-payroll working rules for private-sector contractors performing contracts for ‘large’ or ‘medium’ sized entities come into effect from 6 April 2021. This article explains what contractors need to know about the rules.

Business of all sizes in the construction industry face an eventful few months, as there are three significant tax-related challenges to address: VAT: domestic reverse charge (DRC) ; VAT: MTD and digital links; Payroll: off-payroll working/ IR35.

Navigating the new off-payroll working regulations that apply to private sector clients from 6 April 2021 can be tricky, especially if the ultimate engager is a medium or large company. Peter Rayney provides us with a definitive guide.

Following on from the recent ICAEW webinar, Richard Bearman, CEO at the Start-Up Loans Company, part of the British Business Bank, talks to us about start-up loans.

When setting up a new business, choosing the most suitable company structure is an important undertaking. Each different format has implications for tax, ownership and responsibility. This brief guide will help you work with your clients to decide which route is best for them.

Whether you are a sole practitioner or a larger firm, the rise in cryptocurrency trading provides a potential opportunity to boost your revenue. Koinly, a crypto tax platform provider, explains how to easily calculate crypto clients' taxes.

A brief summary following the HMRC webinar on how to account for grant monies received via the government coronavirus support schemes on a company corporation tax return CT600, including worked examples and useful links

The increased interest in Cryptocurrency raises many interesting tax issues for professional and amateur investors investing in cryptocurrency and cryptocurrency entrepreneurs creating new crypto businesses. This article outlines the significant tax issues a tax professional may encounter in relation to cryptocurrency.

Claims for the fifth and final SEISS grant are now closed. There has been some discussion over the SEISS grant being included on the tax return and the implications for tax practitioners. This short article draws together existing available guidance for easy reference.

All VAT registered businesses will enter a new VAT penalty regime from 1 April 2022, which coincides with the remaining voluntarily registered VAT businesses being mandated into MTD for VAT reporting.

Increased turnover is a red flag that SEISS grants may need to be repaid, but it isn’t conclusive. A much more granular approach is needed, for example to establish whether a new contract arose providing a late boost to profits unforeseen at the time a claim was made.

Enterprise Management Incentives (EMI) Share Option Schemes can be a very tax-efficient way for companies to incentivise their staff if they are introduced and managed properly.

The world of work changed during the pandemic as offices closed and employees were required to work at home. Now that many employees are moving onto a hybrid form of working, with part of their working hours in the office and part at home, what does this mean for work-related expenses and benefits?

All VAT registered businesses will enter a new VAT penalty regime from 1 April 2022, which coincides with the remaining voluntarily registered VAT businesses being mandated into MTD for VAT reporting.

Help your small business clients make VAT savings with these practical tips.