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Why choose HGH?

Business Advice General

Covid-19 Hospitality and Leisure Grant

Posted: 12th Jan 2022 by Clair Watmore Blog

Chancellor Rishi Sunak has set out a £1bn fund to help businesses hit by the rise in Covid cases, including the leisure and hospitality sector. What does this mean? Restaurants, bars, cinemas and theatres can apply for a grant of up to £6,000 for each of their premises. The Treasury is setting aside £683m for… Read more

Getting you back on track with the Recovery Loan Scheme

Posted: 14th Oct 2021 by Clair Watmore Blog

The Recovery Loan Scheme is a government loan scheme that allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance or asset finance. It replaced the now closed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loan Scheme with Capitalise Many businesses are eager to get… Read more

Furlough ends: what does it mean for you?

Posted: 5th Oct 2021 by Clair Watmore Blog

The furlough scheme ended on 30th September 2021. Most of the workforce is now back on the payroll, however, there is still an estimated 1.6-2 million people who are still on furlough or flexible furlough according to the Office for National Statistics. The current level of government support has also been gradually reduced from 80%… Read more

5% reduced VAT rate for hospitality increasing on 1 October

Posted: 22nd Sep 2021 by Clair Watmore Blog

From 1 October 2021 to 31 March 2022, the temporary reduced VAT rate for the hospitality sector will be increased from 5% to 12.5% and will then end so that affected supplies revert to 20% VAT from 1 April 2022. VAT registered businesses in the hospitality industry will need to ensure that their tills and… Read more

How will the National Insurance and dividend tax increases affect me?

Posted: 10th Sep 2021 by Clair Watmore Blog

To help pay for the growing costs of health and social care, the Prime Minister Boris Johnson has announced a 1.25 percentage point increase to National Insurance and dividend tax from April next year.  Despite manifesto pledges not to raise National Insurance, the Government has said the unforeseen impact of the pandemic meant it faced… Read more

130% Super-Deduction Scheme: How Does Work?

Posted: 9th Aug 2021 by Clair Watmore Blog

The super-deduction £25bn tax break, announced earlier in the year by the Government, is intended to spur investment by providing 25p off company tax bills for every pound of qualifying spending on plant and machinery. What is it? Companies purchasing new and unused qualifying plant and machinery now qualify for a Super Deduction of 130%… Read more

Electric cards and vans: why switching could be beneficial

Posted: 19th May 2021 by Robert Salenius Blog

Electric vehicles are not only cheaper to run day-to-day – there are funding and tax incentives that come with switching to 100% electric vehicles. Companies that equip themselves with electric vehicles enjoy significant cost savings. So, becoming more sustainable not only makes sense from an ethical point of view; it is also a smart business… Read more

Working from home tax relief – claims required

Posted: 14th May 2021 by Clair Watmore Blog

Employees working from home due to the coronavirus pandemic can continue to claim tax relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. How does it work? Normally, employers can pay a tax-free allowance of up to £6 per… Read more

Capture it to maximise it

Posted: 11th May 2021 by Clair Watmore Blog

Most business owners accept how important their intangible assets are to their company’s success – their brand, their customers’ loyalty, internal processes, systems and know-how are all crucial elements which contribute to value, even if they aren’t usually included as specific figures on the balance sheet of the financial statements. However, because these assets aren’t… Read more

Finance Focus Yorkshire Webcast

Posted: 27th Apr 2021 by Clair Watmore HGH's News

We recently joined forces with Mole Valley Asset Management to provide a community-focused investment and business advice package to local businesses and individuals. If you would like to find out more, read this article. As part of this partnership, we will be bringing you a series of webcasts. These showcase fantastic Yorkshire businesses, along with providing helpful tips… Read more