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

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

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,

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The Government announcement on Thursday 26th March sets out the basics of who’s eligible and how it will work. Self-employment Income Support Scheme (SEISS) The scheme will provide a grant to self-employed individuals