The Treasury’s generous package of support for businesses has been a lifeline to many. The latest round of government grants under the Self Employment Income Support Scheme opened on Monday to help those who’ve had their business and livelihood negatively impacted by coronavirus since 14 July.  The Self Employment Income Support Scheme (SEISS) was announced […] The post The Self Employment Income Support Scheme explained appeared first on The MarketFinance Blog ..read more

The COVID-19 pandemic has seen many hail a huge shift towards digital and technological solutions, from our private lives to our businesses. While this trend is by no means born of the crisis, it has certainly been accelerated by it. Digital accounting solutions have been around for some time, and with the government’s Making Tax […] The post Interview with Joe David, CEO and Founder of Nephos appeared first on The MarketFinance Blog ..read more

Since it was launched back in March, the Government’s Coronavirus Job Retention Scheme has saved over 9 million jobs. During the toughest moments of the pandemic, 1.2 million employers were able to make use of the furlough scheme and avoid mass redundancies. Employer contributions have started to increase and the government subsidy will slowly wind […] The post What to do when the furlough scheme winds down appeared first on The MarketFinance Blog ..read more

This morning the ONS confirmed expectations that the UK is officially in a recession. Its latest analysis of GDP has shown that the economy shrank by 20.4% in the three months to June –the largest quarterly drop on record and our first official recession since 2009. The effects of lockdown on the country’s economy have […] The post UK recession announced Wednesday, 12 August 2020 appeared first on The MarketFinance Blog ..read more

Last month, as part of the Treasury’s COVID-19 economic recovery response, Rishi Sunak announced a reduction in VAT for hospitality and entertainment industries from 20% to just 5%. The changes came into effect on 15 July and apply to supplies of food, accommodation and admissions to attractions. The government has published its full list of […] The post Do recent VAT reductions mean more work for you and your accountant? appeared first on The MarketFinance Blog ..read more

Over four months ago the government-backed Coronavirus Business Interruption Loan Scheme (CBILS) was introduced. Since its launch, over 55,000 UK businesses have been approved for £12.2 billion in CBILS funding*. But whilst there’s been a massive uptake of the scheme, many businesses are still struggling to access the funds they need from their main business […] The post Think outside the box: an expert guide to finance for COVID-19 recovery appeared first on The MarketFinance Blog ..read more

In the Fintech world and beyond, we’ve been watching the collapse of Wirecard in recent weeks. Wirecard revealed ongoing fraud amounting to nearly €2 billion worth of fabricated funds, and filed for insolvency at the end of June. The FCA was quick to stop all activity for a week to protect Wirecard customers, but this […] The post Tech startup structure: the build/it buy it debate appeared first on The MarketFinance Blog ..read more

The British Government was quick to implement a generous stimulus package of financial help for businesses in the UK when we went into lockdown. With the Coronavirus Business Interruption Loan Scheme (CBILS), small and medium sized businesses with an annual turnover of up to £45 million can borrow up to £5 million in government-backed loans, […] The post What kinds of funding are available through the CBILS? appeared first on The MarketFinance Blog ..read more

The rise of ‘e-leadership’ and having virtual teams spread across different geographies has picked up greatly over the past two decades. It’s never been so easy to connect with experts across the globe without having to travel. After several months of working from home during lockdown, we’re all now pretty well adjusted to this set […] The post Successful leadership in a virtual environment appeared first on The MarketFinance Blog ..read more

There’s been discussion and moves to push through IR35 reforms for quite some time, and the latest round had been planned for April 2020. Obviously COVID-19 changed HMRC’s priorities and the original date was scrapped. Despite criticism and a 67-page report from the House of Lords describing the reforms as unfair on contractors and burdensome […] The post What does IR35 mean for your business? appeared first on The MarketFinance Blog ..read more