Articles
Summary of the Budget 2021 and the Government’s Coronavirus Business Support Package
On Wednesday 3 March 2021, the Chancellor of the Exchequer announced a number of measures to help businesses continue their recovery from the effects on the economy of the Covid-19 virus. This latest package includes:...
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What is a debenture, and how might it affect your business?
Many SMEs have taken out business loans, but not all business owners will realise that their lenders may have taken a ‘debenture’ on the company to protect itself if your business defaults on the loan....
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Options for paying back your deferred VAT bill (and what to do if you’re not ready)
If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you have some choices as to how to clear the amount you owe. You can: Pay the deferred...
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Supreme Court backs SMEs in Business Interruption Insurance dispute
There is some potential good news for SMEs awaiting pay-outs under Business Interruption Insurance policies. Almost 400,000 businesses’ claims had been disputed by their insurers, which stated that the Coronavirus pandemic was not covered in the policies. On...
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Time to refinance your CBILS and BBLS?
Last year the Government launched two loan packages to help businesses that were experiencing difficulty due to the Coronavirus pandemic – The Bounce Back Loan Scheme (BBLS) and The Coronavirus Business Interruption Lending Scheme (CBILS)....
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Becoming resilient: the top 6 things SMEs can do to deal with the fallout from Covid and Brexit
Uncertainty seems to be about the only certainty these days. Much has been written of the catastrophic economic repercussions of Covid although our view is that the situation is somewhat more nuanced and depends a...
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