Government Grants

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What Happens If I Default On My Bounce Back Loan?

These are troubling and desperate times, especially for small to medium-sized businesses (SMEs) that depend on their day-to-day operation to survive in the markets. Local businesses are mostly family-owned, and whatever profits they make through business, they take home to provide for the needs of the household. With almost the entire nation staying indoors, these …

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a banner image for a blog entitled Landmark HMRC Case Sees Contributions into Pensions of Non-Cash Assets Not Attracting Tax Relief

Landmark HMRC Case Sees Contributions into Pensions of Non-Cash Assets Not Attracting Tax Relief

The Upper Tribunal ruled in favour of the HM Revenue & Customs that members of a Self-Invested Personal Pension would not be able to claim tax relief on non-cash contributions towards their pensions. The ruling comes after the Upper Tribunal confirmed that the phrase “contributions paid” in s.188, Part 4 Chapter 4 of FA 2004 only applies …

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Additional Uplift on the Local Business Grant Funds Scheme

As the situation surrounding COVID-19 becomes more serious, the UK government has also become more aggressive in their approach to preserving local and small businesses. In the past weeks, we have been receiving news about the allocation of the Small Business Grants Fund (SBGF) and the Retail, Hospitality and Leisure Grants Fund (RHLGF). As of …

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Scottish Newly Self-Employed Hardship Fund

How To Claim The Scottish Newly Self-Employed Hardship Fund

Many of us thought of 2020 as “My Big Year.” Aside from being given another 366 days to better your life and career, it’s also the end and the beginning of a new decade. Surely, you have imagined 2020 to be your year of change, innovation and career success. Then again, not everything always goes …

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Scottish Creative Or Tourism And Hospitality Enterprises Hardship Fund

How To Claim The Scottish Creative Or Tourism And Hospitality Enterprises Hardship Fund

The world is facing challenging times – much challenging than anything it has ever faced in the past decade. With COVID-19 cases skyrocketing worldwide, hitting the 3 million mark just a few days ago, this global pandemic is not only threatening the health of the people but the global economy as well. There has been …

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Scottish Pivotal Enterprise Resilience Fund

How to Claim the Scottish Pivotal Enterprise Resilience Fund?

The Scottish Pivotal Enterprise Resilience Fund is a £45 million needs-based grant for vital but vulnerable SMEs during the Coronavirus crisis. It is part of a £100 million fund, with £34 million allocated to the Newly Self-Employed Hardship Fund, and £20 million to the Creative, Tourism and Hospitality Enterprises Hardship Fund. Applications opened on April …

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