Monthly Archive July 30, 2021

Future Fund: Breakthrough scheme – everything your business needs to know

The Future Fund: Breakthrough scheme will help innovative technology companies grow and bring new products to market in the wake of the coronavirus pandemic, the Government has suggested.

The report comes after the initiative opened to new applications last week.

If your business is seeking investment, here’s what you need to know.

What is the Future Fund: Breakthrough scheme?

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Cloud app versatility delivers cost and time saving benefits

Cloud accounting has revolutionised the lives of hundreds of thousands of business owners.

Today it is reported that more than 50 per cent of small to medium-sized businesses are using the likes of Xero to keep their accounts in order.

For small businesses from hairdressers to garage owners and coffee shops, this can be a godsend, allowing them time to automate tasks to save time and money and all without the cost of installing expensive hardware and software.

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150,000 businesses owe HMRC £2.7 billion in deferred VAT payments

HM Revenue and Customs (HMRC) reported that 150,000 UK businesses have not yet made arrangements to pay back deferred VAT payments, and therefore owe the department £2.7 billion.

As of 30 June 2021, nine per cent of the total VAT deferred by businesses during the covid-19 pandemic were unaccounted for, reveals information released by HMRC through a Freedom of Information request (FOI).

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Brexit issues continue to impact British exporters, new figures reveal

Export sales to EU customers have fallen by “record” levels in the wake of the coronavirus pandemic, a major study has revealed.

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HMRC helpsheet to support residential property sellers with new CGT rules

New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.

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How can cloud accounting and app stacks help your business?

It is a point that can be easy to lose sight of, but managing information effectively is fundamental to the success of any business.

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Taxman targets cryptoassets for Capital Gains Tax

As the old saying goes, in this world, nothing is certain except death and taxes.

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Brexit and international trading problems

Since the transition period ended in 2020, UK businesses have been forced to adjust to the significant change in the international trading environment brought on by Brexit – which has been further complicated by the challenges of the Covid-19 pandemic.

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What to consider when selling online

There has been a recent surge in online sellers and marketplaces over the last 12 months as businesses attempt to deal with the restrictions placed on everyday life by the Covid-19 pandemic.

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Help to Grow: Management scheme now open

The Government’s landmark Help to Grow: Management scheme is now open for applications.

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