Case Studies

Trading losses for sole traders & companies: Using them effectively

The economy has been hard hit by covid for over a year; with many businesses completely shut for much of 2020. Unincorporated businesses and companies may have even made a loss for the first time. Both can offset losses against profits – make sure that this is accounted for in the optimum way.

Tax relief for green businesses

Given the results of climate change, it makes sense to do all we can to reduce our emissions. Going green is also starting to make financial sense for businesses. There are several tax breaks available to companies that are looking to make offices more sustainable places to work.

Cryptoassets & HMRC – what you need to know.

Cryptoassets are digital assets which use cryptographic techniques to generate a medium of exchange of financial transactions. Cryptocurrencies, utility coins, security tokens are all different types of cryptoassets. A cryptocurrency is a digital or virtual currency.

Welcome Back Fund – For High Streets and Seaside Towns

A new £56 million Welcome Back Fund will help councils boost tourism, improve green spaces and provide more outdoor seating areas, markets and food stall pop-ups. Part of this funding will be allocated specifically to support coastal areas, with funding going to all coastal resorts across England.

Brexit Support fund for SMEs (Grants up to £2000)

A new SME Brexit Support Fund is now open for applications. The scheme provides a grant of up to £2,000 to help with the costs of the additional administration required in respect of post-Brexit goods movement.

The government Kickstart Scheme explained

The Kickstart Scheme provides funding to create new jobs for 16 to 24 year olds on Universal Credit who are at risk of long term unemployment. Employers can spread the job start dates up until 31 December 2021. You’ll get funding until 30 June 2022 if a young person starts their job on 31 December 2021.