Choosing the right van for your business requires consideration of a lot of things; boot space, emissions and insurance costs. But it's also worth thinking about the tax implications of the van you're looking to buy, particularly if you're purchasing it through a limited company.
While some help is available to employers through the Coronavirus Job Retention scheme to help them keep staff on during the COVID-19 pandemic, in some cases, it may not be possible to avoid making staff redundant.
Where staff are made redundant and have at least two years’ continuous service, they may be entitled to statutory redundancy pay.
As the situation changes we'll be updating this page to keep you up to date with the latest developments. We'll cover all of the different financial support measures introduced by the government, as well as advice to help you manage your finances during business disruption.
Disclaimer: Government advice is changing on an hourly basis. We're doing our best to keep this page as up to date as possible, however please refer to government sources for the latest guidance. You'll also find information on when this page was last updated at the top of this page.
This page does not constitute professional financial advice and Inform Accounting cannot be held liable for any actions you chose to take as a result of this guidance. If in any doubt please speak to an independent financial advisor or your accountant.
Last month, the government announced its Self-employment Income Support Scheme to support the self-employed during this crisis, with an expected launch date of early June. On Monday, HMRC started writing to those who may be eligible to make a claim under the scheme, telling them to be ready to make a claim when the portal opens next week (between 13 - 18 May).
Times of crisis such as the one we are currently living through can be a real test, not just for your business, but also for you as an individual.
It’s important to remember that we are all in this together, and we are here to support our clients however we can. So as we look to the future, now is as good a time as any to share with you our top 5 tips for navigating your way through this crisis, to make sure you come out on the other side well prepared.
Over the last week, the government has announced some new initiatives in an aim to provide additional loan support small businesses and those most affected by the crisis.
Funding Circle, one of the UK's leading alternative lenders has also recently announced that is has been approved as a CBILS accredited lender.
Here we explain the new government loan schemes, and how CBILS works through Funding Options.