Articles
Written by our experienced business advisors, this catalogue explores many issues associated with running an SME business.
Here we comment upon the latest business trends and relevant financial information, as well as explore topics such as how to structure your company for growth, and how to develop KPIs that will add value to your business.
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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Improve your business growth strategy by falling back in love with your business
We at Pro-actions are often reminded that many smaller businesses have owners that have fallen out of love with their businesses. Our experienced advisors often meet hard-pressed business owners that have lost the passion for...
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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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