-
What is the difference between Start Up Loans and the Bounce Back Loan Scheme?
- July 6, 2020
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
No CommentsThe Bounce Back Loan Scheme is designed to help a wide range of businesses who were trading prior to 1 March 2020 and have been negatively impacted by COVID-19. The Start Up Loans Scheme is available to businesses who have been trading for less than two years including newer businesses who began trading after 1
-
What is the difference between a CBIL and a Bounce Back Loan?
- June 30, 2020
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
I was recently asked what the differences were between CBIL and Bounce back loams. Where there are some similarities, there are also feature which make them very different. In simple terms, it is the amount you can borrow, but there are also differences in how the government guarantee works. Under a Bounce Back Loan, you
-
Are Bounce Back Loans Too Good To Miss out on?
- June 26, 2020
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
Should entrepreneurs and small businesses take out the bounce back loan given by the government? It would almost be daft not to even if you don’t immediately need the support during the pandemic. If your business needs more than £50,000 to trade through the Covid-19 crisis, Bounce Back loans are not for you. CBILS offers
-
How can I pay back my deferred VAT?
- June 19, 2020
- Posted by: admin
- Category: Business Growth, Business plans, Contractors, Expenses, Finance & accounting, Investment, Making Tax Digital (MTD), Property, Start-ups, Tax
As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20 March and 30 June 2020 can be deferred until 31 March 2021. However,
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.