Claim Tax Back from HMRC for Research & Development in Your Company

The government wants to encourage companies to invest in research and development, so it offers additional tax reliefs on the expenditure.  Research and development (R&D) tax credits were introduced for small and medium sized enterprises (SMEs) in 2000 and for large companies in 2002. R&D credits are a corporation tax relief to encourage innovation and enterprise within the UK economy.  …

Coronavirus Relief Grants

Which Government grants could my business be eligible for? Due to the coronavirus pandemic and its financial implications on small businesses, the government has set up a variety of grants in order to help businesses weather the storm of local or national lockdowns. You may also be able to apply for emergency loan funding that has been set up by …

Schoolgate’s Guide to Bounce Back Loans

What are Bounce Back Loans? The Bounce Back Loans Scheme (BBLS) is an initiative from the British Government which aims to help businesses navigate the short-term effects of the coronavirus pandemic. The scheme was announced on 27 April 2020 by the Chancellor and it helps businesses by offering loans of up to £50,000 which can be accessed within days of …

Good Financial Planning Is the Key to Success for any Startup

You may have all the required ingredients to form a successful business – an entrepreneurial flair and passion, unparalleled knowledge of your business sector, the best product in the market… however unless you can manage your company finances with a laser focus you will always be on the back foot. Nobody will ever tell you that creating a startup will …

What are a Business plan and Cashflow forecasts and why do I need them?

Let us imagine that you visualise a perfect plan where you would like to be in 10 years’ time. This might involve you being wealthy, finding the perfect partner and being happy and satisfied. You want to create a business that allows you to play golf or visit a 5* spa without worrying that whilst you are away, everything would …

How to effectively manage your staff remotely

Prior to 2020, only 30% of the working population was able to work remotely, with these figures increasing every year. However, due to the Covid-19 pandemic, many employers now find themselves having to manage all of their staff remotely, and many are doing so for the first time. Alongside these figures, many employers also understand that there are a number …

Growing your SME business during a Global Pandemic

It won’t be business as usual for a long time. The effects of lockdown and the subsequent post-lockdown safety measures imposed on business are not yet fully understood. Small businesses are likely to be the hardest hit from the current COVID-19 pandemic. However, a volatile and uncertain economy can create just as many opportunities as it destroys. Depending on the …

The Key to a successful Zoom meeting

During the Covid-19 crisis, many businesses have turned to Zoom or their equivalents to conduct their meetings. At the start of lockdown, Zoom saw their download rate increase to 2.13 million downloads worldwide, both for business and recreational use. In the business world meetings between staff, clients and employers are now often being conducted via video apps, and below we …

Starting a business during Coronavirus

History shows, successful companies can be born in tough times. Previous financial crises have given rise to high-profile business. For example, WhatsApp, Instagram, Uber and Airbnb were all founded during economic downturns. We are certainly in a downturn again at present. Small businesses across the country were shutting down amid the spreading coronavirus pandemic. At the same time, new businesses …