Bounce Back ‘Pay as you grow’ option announced

The Treasury has now confirmed the details around the ‘Pay as you Grow’ announcement for Bounce Back loans, made by Chancellor Rishi Sunak. Businesses who have taken out Bounce Back loans now have greater flexibility around repayments. The Pay as you Grow flexibilities allow borrowers to adjust their repayment schedule to better suit their business […]

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Don’t become a statistic in 2021…

Recent research, as well as common sense, shows that business insolvencies are set to increase dramatically in the next few months. Yet many businesses are still trading on the same basis now as before the pandemic. In many cases they’re unconsciously supporting customers at the risk of their own financial future. Spending some time now […]

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CBILS rush on the way?

New research by MarketFinance suggests CBILS applications will increase dramatically in the coming weeks. If there is any chance you might want to apply, now is the time to do so! What does the research show? The research findings are based on a survey of 5,000 UK companies with a minimum turnover of £250,000. The study […]

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Annual Investment Allowance £1m cap extended

The Treasury has extended the Annual Investment Allowance (AIA) for an extra year. This is designed to offset the current economic downturn. The extension of the temporary £1m cap was due to return to £200,000 on the 1st January 2021, but will now reman in place until 1st January 2022. This means businesses can continue […]

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Looking at Finance? Something you may have missed….

As many of our clients are aware, we like the functionality of Fluidly Lite, the 90 day cash flow forecasting tool, as a straightforward way to keep a cashflow forecast up to date. There is a small charge for this system, of £10+VAT per month, but because it bolts on to your Xero or Quickbooks […]

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