Tim, Author at Make Sense
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Author: Tim

With the Coronavirus Pandemic still attacking the resilience of most businesses in the UK, the government have announced a new loan scheme to replace the current CBILS (Coronavirus Business Interruption Loan Scheme) You can now apply for this new Government Rescue Loan. The replacement happened on 1st April 2021 so we want to give you...

National Minimum Wage Changes  The hourly rate at which you are paid depends on your age an whether or not you are an apprentice. The national minimum wages are changing today (1st April 2021)  Here are the new rates as of 1st April 2021: [caption id="attachment_17390" align="alignnone" width="450"] from...

New Recovery Loan Scheme  During last week’s Budget, a new loan scheme was announced to help businesses affected by the coronavirus pandemic get back onto their feet. The finance is available up to £10 million per business and will open once the existing loan schemes close. The...

A new restart grant has been revealed in order to help businesses that are affected by the coronavirus pandemic until 21st June (when it is hoped that restrictions will be lifted and business will finally resume as normal)  What could I get?  Shops could apply for up to £6,000 whilst...

In 1999 the government voiced its concern that people were setting up limited companies to work through despite that they worked in the manner of a traditional employee. This meant they were paying a significantly lower level of tax and NICs due to their service structure.  They...

[embed]https://www.youtube.com/watch?v=flZdWpGFE6s[/embed] Limited Company or Sole Trader - Which suits me? A Limited Company is one of the most popular legal structures for all types of businesses in the UK. This is because of the many financial and professional benefits that often outweigh the advantages of a Sole...

[embed]https://www.youtube.com/watch?v=ZilaAYpvMJw[/embed] VAT Reversal Charge The VAT domestic reverse charge for building and construction services is an extension of the Construction Industry Scheme. The new legislation will apply to transactions that occur between VAT registered contractors and sub-contractors who are registered for the CIS. Its aim is to...