Bank of Ireland UK will fast-track payments to all its SME suppliers during Covid-19, reducing the standard terms from 30 days to within five days. The change, which will remain in place until the end of June, is designed to help alleviate potential cashflow pressures for businesses as they navigate through the challenges of Covid-19. […]
While it is great news that HMRC have confirmed that domestic employees can be furloughed under the government’s Job Retention Scheme it is not clear whether all employers will be taxed on the grants received, say tax and advisory firm Blick Rothenberg Heather Self, a partner at the firm said: “A big question is whether […]
Ducati Manchester has secured funding from Santander Corporate & Commercial and the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) to help it get through the coronavirus pandemic. Santander is providing a capital repayment holiday on Ducati Manchester’s existing loan and a new £200,000 overdraft through CBILS, which is part of a package of government support […]
Family-run bakery chain, Cooplands has increased its bread production and started providing local deliveries to communities across Yorkshire and the North East, with the support of Lloyds Bank. The 135-year old business operates a network of 172 bakery shops and cafes across the North, with more than two thirds of those that support residential communities […]
The 11th APAC Small Business Survey conducted by CPA Australia reveals that 44% of small businesses in Hong Kong had sought external funds for survival in 2019, while 25% of respondents experienced difficulties in paying debts last year and 29% expected the difficulty to continue. This suggests that nearly three in ten of small businesses […]
With thousands of organisations moving staff to remote working, businesses are left at increasing risk of cyber-attack. Cyber criminals are exploiting the emergency working measures with estimates of around a 400% increase in phishing attacks on home workers since the coronavirus pandemic struck. Make UK is partnering with cyber security experts, Assured Cyber Protection (ACP) […]
As the new tax year gets underway, Informi, the website offering free practical advice and support for small businesses, is calling on those who can to consider submitting their 2019/20 tax returns at the earliest opportunity – and get a head start for the new decade. Figures obtained exclusively by Informi from HM Revenue & […]
Mettle, NatWest’s free standalone digital business account, has announced that FreeAgent, the cloud based accountancy software for small businesses, is available free of charge for its customers. Businesses who sign up to link their Mettle and FreeAgent accounts will save at least £150 a year – the minimum cost of an annual FreeAgent subscription. New […]
Chartered Accountants Wylie & Bisset is advising professionals and other intermediaries with business clients concerned about financial distress resulting from the current social distancing measures to consider a DAS Debt Payment Programme. A Debt Payment Programme under the Business Debt Arrangement Scheme is a business statutory debt management tool available to Scottish businesses. It can […]
Aldermore Bank has today taken the decision to streamline its mortgage product offerings and cap loan to value (LTV) options on residential and buy to let products. This will allow the Bank to focus on supporting its existing customers, during a period of high request volumes, while still being able to support the housing market […]
