Latest Blogs in Business Support
Keri John
20th October 2021 Xero – Assigning Bills to Customers

You can now assign bills to customers in Xero!   This makes it easier to allocate expenses occurred during a job to the correct customer.   Perfect for Estate Agents, event planners and more.   When creating a bill to pay onto Xero there is an option to ‘assign the bill to a customer’. You…

Ben Kilby
13th October 2021 Look out! Sage 50cloud Accounts v28 update

From Monday 18th October 2021, clients using Sage50 Accounts will be sent a software update for version 28.   Some of the new features of the software:   New – customisable business dashboard showing you key business information, without the need to run numerous reports New – access the Sage 50cloud Accounts Help Centre directly…

Steven Denton
30th September 2021 Payroll Update

This half yearly payroll update: September 2021 Looks at: Abolition of early year updates Whitings LLP  outsourced payroll Modulr faster payment system Changes in right to work regulations Terminal changes to CJRS Payrolling benefits in kind Pensions dashboard programme Reform of statutory sick pay New fuel rates Freeports and employer’s NI holidays Benefits of using…

Ian Piper
24th September 2021 Covid Support: End to most measures

When COVID directly impacted upon the UK in Spring 2020, the Government introduced a range of measures specifically targeted to help SME businesses survive the expected period of financial strain. Such businesses should now be planning ahead for when this support is gradually withdrawn: 21-Jun-21 Deadline for arranging with HMRC when to repay COVID related…

Stephen Malkin
23rd September 2021 MTD Delay

Making tax digital for income tax is being delayed, originally due to come in from 6 April 2023 this has now been delayed until 6 April 2024 for individuals and landlords.  General partnerships have been delayed further until 6 April 2025.   The government has said  that it recognises the challenges faced by many UK…

Ian Piper
22nd September 2021 Net Zero Carbon: Does your business now need a plan?

From 1 October 2021, to be eligible to apply for public sector contracts over £5m pa, suppliers must have Net Zero Carbon Reduction Plans in place. These will be required to demonstrate a commitment to achieving Net Zero by 2050 in the UK:  Taking Account of Carbon Reduction Plans in the Procurement of Major Government…

Ian Piper
15th August 2021 Growth: Revenge Spending?

As we are hopefully now at the start of the end for Covid related business activity disruption, the accounts of local SME’s are now starting to show part of the damage they have experienced through the lock-downs and associated restrictive measures. The overall effect upon turnover for the year-ends of 2020 has not been as…

Jaimie King
14th June 2021 Deferred tax rate to increase

Deferred tax is a provision on the balance sheet for timing differences in tax and accounting treatment of certain items, and is measured at the rate of tax that the differences are expected to reverse in the future.   In recent years, deferred tax has been measured at the current corporation tax rate of 19%,…

James Cater
4th June 2021 Delivering Rural Investment for Vital Employment

  There is a new support programme, DRIVE, that can result in grants of up to 40% of total project costs for businesses in Norfolk and Suffolk that wish to undertake projects that primarily create new employment within the rural economy. Grants can be up to 40% of total project costs with a minimum grant…

Steven Denton
3rd June 2021 National Insurance holiday for employers hiring veterans

Following an announcement by the government in 2020, from April 2021 employers hiring former members of the UK armed forces will be exempted from any NI contributions liability on the veteran’s salary up to the Upper Secondary Threshold (UST) in the first twelve months of their employment. However, under current guidelines relief for the 2021-22…