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Why choose HGH?


Timeline: Financial Support Schemes and Key Dates

Posted: 11th Aug 2020 by Clair Watmore Coronavirus, Taxation

Are you struggling to keep track of all the different funding schemes and Covid reliefs?  We have pulled together a handy reference guide to remind you of key dates and deadlines over the next 8 months, to ensure that you don’t miss out on any of the available reliefs. View the full Coronavirus Financial Support… Read more

Carry Back Corporation Tax Losses

Posted: 4th Aug 2020 by Clair Watmore Business Advice General, Coronavirus, Taxation

Relief for corporation tax losses your company has made in a year can provide it with a refund of corporation tax. The outbreak of Covid-19 has presented companies with a unique set of challenges. Chief among them is how to manage cash flow. Where your company has been adversely affected by the pandemic, it could… Read more

Summer Budget 2020 Update

Posted: 9th Jul 2020 by Clair Watmore Budget 2020, Coronavirus

There has been a lot of speculation over recent weeks regarding the contents of Rishi Sunak’s summer budget. Many anticipated changes to VAT and stamp duty but there were some complete surprises. For property investors, the reduction to stamp duty creates some significant savings too. Here are the details of the announcements: VAT The VAT… Read more

Businesses Need To Reinstate VAT Direct Debits

Posted: 23rd Jun 2020 by Clair Watmore Coronavirus, Taxation

The deferral of VAT payments due to Coronavirus will end on 30th June and businesses need to take action to reinstate their direct debit mandates.  The VAT payment deferral means that all UK VAT-registered businesses have the option to defer VAT payments due between 20 March and 30 June 2020 until 31 March 2021. However,… Read more

Coronavirus Job Retention Scheme – Update

Posted: 5th Jun 2020 by Clair Watmore Business Advice General, Coronavirus, Furlough

On Friday 29th May the Chancellor gave details on the changes to the CJRS scheme effective from 1st July 2020. Closure to new entrants from July The scheme will close to new entrants from 30 June and thereafter employers will only be able to furlough employees that have been furloughed for a full 3-week period… Read more

New grant scheme opens for Hambleton businesses

Posted: 4th Jun 2020 by Clair Watmore Coronavirus, Corporate Finance

Hambleton District Council launched a new government led grant scheme on 2 June for Hambleton businesses.  The ‘local government discretionary grant scheme’ has been set up to help businesses who have previously been outside of the scope of the two other coronavirus business grant fund schemes.  The application window will be open for two weeks… Read more

Businesses need longer-term support to survive release of lockdown

Posted: 13th May 2020 by Clair Watmore cashflow, Coronavirus, Corporate Finance

Mark Grewer of Hunter Gee Holroyd based in York, is calling on the Chancellor to consider a further overhaul of the CBILS scheme, or to supplement this with other grants to support the working capital needs of the country’s SMEs as he announces that the furlough scheme is to be gradually withdrawn. He explains: “As… Read more

Easing of the Lockdown for Businesses

Posted: 11th May 2020 by Clair Watmore Business Advice General, Coronavirus

Following the Prime Minister’s address to the nation yesterday evening (Sun 10th May, transcript here) we have received many messages asking our opinion on what that means for their business. We believe that the following must be possible before a business is ready to re-open: 1. If your staff can work from home, they must continue to do… Read more

Self-employment Income Support Scheme (SEISS)

Posted: 7th May 2020 by Clair Watmore Coronavirus, self employed, Taxation

The scheme the Chancellor has announced is expected to cover around 95% of current self-employed business people, but there are a number of self-employed who will not be covered. Who can claim You can claim if you’re a self-employed individual or a member of a partnership and: you traded in the tax year 2018 to… Read more

New Bounce Back Loan Scheme Launched

Posted: 28th Apr 2020 by Clair Watmore Business Advice General, Coronavirus, Corporate Finance

Rishi Sunak announced yesterday details for the new Bounce Back Loan Scheme. Small businesses will benefit from the new fast-track finance scheme, providing loans with a 100% government-backed guarantee for lenders. If you are a small business who struggled to get a CBILS loan then this could be for you. The loans will be easy… Read more