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Cryptocurrency Tax In The UK: All You Need To Know
As per the latest Cryptocurrency statistics, 9.8 million British people have traded in cryptocurrency before, which is up by 558% since the beginning of 2018 and is set to further grow by 11% in the near future. As the most active body for taxation of crypto assets, HMRC has been actively introducing rules around crypto tax. Follow this detailed guide on Cryptocurrency Taxes to save up on your tax bill.
UK's GDP Growth Comparison (April)
GDP estimates for April 2021 show an increase of 2.3% in April 2021, the third consecutive month of growth as COVID-19 restrictions continue to ease to varying degrees in the UK. However the economy still remains 3.7% below its pre-pandemic peak in February 2020.
Business Rates Relief for Retail, Hospitality, and Leisure
In the Budget 2021, Rishi Sunak announced the continuation of support for businesses within the Retail, Hospitality and Leisure sectors. Eligible businesses were to receive the Extended Retail Relief of 100% till the end of June and then 66% for the remainder of the fiscal year.
Guide To Holiday Lets Tax Deduction
A temporary extension to loss relief for self-employed traders was announced in the 2021 Budget. Initially, Furnished Holiday Let Landlords were eligible for the extension, but since then, the Government has excluded FHL Landlords as they do not meet a condition of the extension; eligibility for section 64. However, they can claim capital allowances.
Forming A Partnership – Limited Or Unlimited?
Forming a Partnership for doing business can be quite favourable due to reduced costs and the sharing of risk, a wide array of skills can also be grouped together focussed around the business goals. Unfortunately, 70% of business partnerships ultimately fail mainly due to an ill-advised and short-sighted partnership agreement.
Double Your Savings
Due to the financial constraints placed upon us by the global pandemic, we have learned about the importance of having a savings nest setup. It’s never too late to start, if you are looking for a way, we might just have the right solution for you.
Different Sources Of Funding
Whether you are seeking to start or grow your business, you will need some form of funding to get underway. However, figuring out the right source of funding for your business is tricky and it needs creative solutions.
Mental Health & UK's Business Owners
The Covid-19 crisis has further aggravated the problem of poor mental health amongst small business owners. Without the right support in place, the impact is getting worse. Research by Mental Health UK reveals almost half of business owners do not access mental health support.
COVID Business Support: The UK’s Path To Post-Coronavirus Recovery
Countrywide lockdowns during the pandemic brought millions of businesses to a halt. The UK Government has announced financial support worth £407 billion for businesses impacted by the #covid19 outbreak, in the fiscal budget 2021. Have a detailed look at the schemes announced.
6 Tips For Business Owners To Manage Stress & Stay Happy
The stress of the pandemic has left many #businessowners vulnerable to severe mental health conditions. On this World Day for Safety and Health at Work, we pledge to help entrepreneurs tackle issues to help them secure their business to increase happiness, become healthier and more productive.
COVID Business Support: The UK’s Path To Post-Coronavirus Recovery
Countrywide lockdowns during the pandemic brought millions of businesses to a halt. The UK Government has announced financial support worth £407 billion for businesses impacted by the #covid19 outbreak, in the fiscal budget 2021. Have a detailed look at the schemes announced.
Mental Health & UK's Business Owners
The Covid-19 crisis has further aggravated the problem of poor mental health amongst small business owners. Without the right support in place, the impact is getting worse. Research by Mental Health UK reveals almost half of business owners do not access mental health support.
What Are The Differences Between Leasehold And Freehold Properties?
In the UK, Leasehold and Freehold properties can be purchased for both, Residential or Commercial use. Therefore if you are looking to buy a property for your business, it is imperative that you understand the difference between Freehold and Leasehold ownership.
How to Find a Good Contractor Accountant
Contractors, picking the right accountant is important to avoid running into costly financial issues, which is why you need to make sure you hire an accountant who is a perfect fit for you. Follow these 6 steps religiously when hiring an accountant.
England moved towards 2nd step of the road map out of lockdown on 12th April
England is set to ease lockdown as planned starting from Monday, 12th of April. This step will ensure that economic activities resume for small businesses struggling to make ends meet, businesses providing personal care services, hospitality and holiday campsites.