For some considerable time, there have been tax incentives to encourage UK businesses to invest in plant and machinery and in turn grow the economy.
Since the start of the pandemic lockdown and all the issues this has created for businesses up and down the UK the focus for many owners, directors and indeed government has rightly been surviving this unprecedented period of shutdown.
From the 4th of May, the Government's Bounce Back Loan scheme will be made available. The loan scheme aims to help small and medium-sized businesses to borrow between £2,000 and £50,000.
Kick your finances into shape and start 2020 in the best possible way with our New Year money checklist for your finances.
Let me start by posing an interesting question. As a business owner, what would you do if you had a machine that could make widgets without the need for any raw materials?
There are many people who already know what a ‘Help to Buy ISA’ is, and some that may even have one, but for those who don’t, there is a deadline looming which you shouldn’t let pass by accidentally. After 30 November 2019 you will not be able to open any new Help to Buy ISA’s and if you do qualify and don’t open one, that could mean missing out on up to £3k tax-free.
Originally introduced in 2014, the national insurance contributions ( NICs )employment allowance is for the purpose of supporting businesses and charities in helping them to grow by cutting the cost of employment