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Why choose HGH?

Business Advice General

Launching Gearing for Growth

Posted: 20th Apr 2022 by Clair Watmore HGH's News

‘Gearing for Growth’ is now the new ‘Business Builder Forum’ It has been a while since we have all seen each other and so, we are pleased to announce that we are re-launching our breakfast club events quarterly from 25 May as ‘Gearing for Growth’ (GFG’s). Hosted by our very own Mark Grewer, these seminars are… Read more

Spring Statement Summary

Posted: 1st Apr 2022 by Clair Watmore Blog

Against a backdrop of rising inflation, Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022. In his Spring Statement, the Chancellor announced a cut in fuel duty for petrol and diesel as he sought to ease the impact of rising prices for households and businesses. The Chancellor will lift the starting… Read more

Recovery Loan Scheme

Posted: 31st Mar 2022 by Clair Watmore Blog

The Recovery Loan Scheme is running until 30th June 2022. You might be thinking why is this important or could this be relevant to my business? Well, the government continues to support SMEs as they rebuild out of the pandemic. At present, should your business be approved for a Recovery Loan, lenders will not require… Read more

Breaking Point: 1 in 4 UK SMEs expected to struggle to meet payroll by 2022

Posted: 16th Feb 2022 by Clair Watmore Blog

UK findings of the ACCA UK and Corporate Finance Network (The CFN) SME Recovery Tracker: Research reveals continued financial pressure on SMEs and a spike in reports of worsening mental health. More than 1 in 4 (26%) of UK SMEs will struggle to meet rising payroll costs in April due to the incoming health and… Read more

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