The Government has asked the Office of Tax Simplification to review Capital Gains Tax (CGT). Changes are likely to be announced in the chancellor’s autumn statement and may see CGT and income tax rates aligned. That will have a significant impact for property investors, second homeowners, shareholders, entrepreneurs and family trusts, says accountants, business and […]
Despite increasingly difficult trading conditions and widespread uncertainly during the Covid-19 pandemic, SMEs are turning to Direct Debit as a means of collecting payments from their customers. Cambridgeshire-based Eazipay Ltd, a leading Direct Debit and automated payment processing company, has seen a growth in processing volumes and an increase in the number of new sales […]
A seven-figure funding package from Unity Trust Bank is enabling a responsible finance provider to support businesses that have been affected by the Covid-19 pandemic. Up to 20 SMEs across South East England will benefit after the commercial bank with a social conscience loaned £1.5m to Let’s Do Business Finance – an accredited lender of […]
Accounting for 50% of turnover in the UK private sector and three-fifths of employment, SMEs are the backbone of the UK economy and many are currently weathering unprecedented challenges and need help – and they need that help now. Bibby – as long-term champions of SMEs – has the experience and track record to help […]
An award-winning, family-run hotel, pub and wedding venue in Swansea is hoping to welcome patrons back in July following support from Bank of Scotland. Based on the Gower peninsular, the King Arthur Hotel has secured a six-figure loan from Bank of Scotland via the Coronavirus Business Interruption Loan Scheme (CBILS) to help it cover critical […]
The CBILS loan has enabled Hadley Hargreaves to recover from cash flow issues and losses as a result of the pandemic. It has also provided funds to purchase additional machinery, expanding the production capabilities of the business. Paragon has supported the Presteigne-based business since 2016 through invoice and asset finance, which enabled Hadley Hargreaves to […]
Today the British Business Bank has announced that it has accredited the Bank of India under the Coronavirus Business Interruption Loan Scheme (CBILS), and Silicon Valley Bank under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). New CBILS lender Bank of India will be able to provide financial support to smaller businesses across the UK […]
Crieff Hydro, a family-run Scottish hotel group, has secured a £5m CBILS overdraft from Santander UK to help the business through the challenges facing the hospitality and leisure sector during the pandemic. The company, which was founded in 1868, owns and operates seven hotels across Scotland. The hotels are in rural locations and offer a […]
Following last week’s Summer Statement by chancellor Rishi Sunak on the next phase of the government’s response to the Covid 19 pandemic focused on job retention and creation, Greater Manchester Chamber of Commerce is developing its response and work around the employment, skills and inclusion agenda, to help address the impact of Covid-19 on vulnerable […]
Morgan McKinley’s Q2 Spring London Employment Monitor details City hiring trends from April through June 2020. The second quarter (Q2) of the year saw decreases in terms of jobs available and professionals seeking jobs. In April, there was a 72% year-on-year decrease in the number of vacancies with only a 1% decrease in job seekers […]
