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What Explains December Closings?

Over the Christmas period, many struggling businesses take the decision to stop trading. And this makes a degree of sense when you think about it. If you business has been struggling, you get to the end of the year and businesses close for the holidays. As a director,...

Coronavirus and Self-Assessment Fees

If you are struggling to pay your second self-assessment fee because of Coronavirus, HMRC allows you to defer payment of the fees for a year. Provided that the full fee has been payed by the 31st of January, 2021, there will be no interest or penalties charged by...

Can you make someone on furlough redundant?

Fundamentally, employee rights whilst on furlough don’t change, which means that they can be made redundant or served a notice of termination of employment whilst on furlough. Employment rights remain the same, so holiday accrues, and full notice periods must be...

When do I have to pay PAYE?

According to HMRC, when you have to pay PAYE depends on whether you pay monthly or quarterly. Depending on your setup, the payment will be made either by the 22nd of the month or the quarter. There are several ways to pay, some are same day, others which take up to 5...

How to qualify for a business suppport loan

In these difficult times, the government is offering bounce back loans to help companies recover, ranging from £2000 to 25% of the total turnover, up to a £50,000 maximum. For small to medium sized business, there are certain conditions that must be fulfilled. Any...