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Loans through the Future Fund The Future Fund (the ‘Fund’) is a source of finance for companies which rely on equity investment, and so which may be unable to access other support. It launched on 20 May 2020. Under the Fund, which is delivered by the British Business Bank (the BBB), the government will provide...

Most businesses need to raise money at some point. The majority of smaller businesses will borrow from a bank to help fund initial costs of premises, stock, etc. More mature businesses may find opportunities that require the injection of new funds or, very often, simply need an ongoing source of finance to bridge the time...

Time to pay arrangements A business which has or will have outstanding tax liabilities should consider contacting HMRC for a Time to Pay arrangement. HMRC will consider: agreeing an instalment arrangement, typically over 12 months; suspending debt collection proceedings; and cancelling penalties and interest. The dedicated helpline – 0800 0159 559 – is open Monday...

A number of important decisions must be made when a company is set-up; for example, who will own shares in the company and to what date will it make up its accounts? These decisions may have tax consequences and it is important that all of the available options are considered. The company must be registered...

There is no simple answer as to how businesses can increase profit margins during these tumultuous times. Whether you function as a small or corporate company, optimism needs to prevail to get the desired profit margins. Ordinarily, how you reduce costs will lead to more revenue growth for your business. Several businesses, for instance, are...

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