Hot Business News Today

Hot Business News Today

Small business calls for support extension to match reopening delay

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Originally written by Timothy Adler on Small Business
Small business associations have called for support to be extended to match any delay in reopening due to current lockdown restrictions.
The final easing of lockdown restrictions is set to be postponed beyond June 21, according to reports. Most current rules will remain in place.
However, from July 1, businesses are due to contribute 10 per cent of staff wages in a staged withdrawal of furlough, which is set to finish at the end of September. And a moratorium on evictions and debt collection from commercial tenants is due to lift on June 30.
>See also: Swap Bounce Back debt for employee equity, say industry experts
The worry is that without more taxpayer support already vulnerable small businesses will close completely.
Organisations including the Federation of Small Businesses, UK Hospitality and British Chambers of Commerce said they were poised to demand help such as loan forbearance, more generous furlough terms, and an extension to an eviction ban and business rates holiday.
Most hospitaly venues are still losing money, are buried under a mountain of debt, and consider any delay to the lockdown easing timetable as a grave threat to the industry with hundreds of thousands of jobs at risk.

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Hot Business News Today

Best UK small business accounting software – review guide

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Originally written by Timothy Adler on Small Business
UPDATED: As every entrepreneur knows, with everything going digital, more and more is being pushed onto the poor small business owner.
HMRC rolled out its Making Tax Digital initiative in 2019, compelling 1.2 million VAT-registered businesses which earn £85,000 plus in turnover to file returns online. Those businesses now must submit their quarterly VAT returns under the new system.
However, it’s not going to stop there – MTD will be widened to include income tax and corporation tax from 2021 onward.
Given that moving to small business accounting software is inevitable for every SME, surely, it’s time to put away your paper and pencil (or your standalone Excel spreadsheet).
To help you decide, we’ve looked at the best UK small business accounting software packages on the market.

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Best UK small business accounting software
Every small business is different. Most small businesses can make do with basic functions like invoicing, bank reconciliation, income and expense tracking and financial report generation.
Indeed, most UK small business accounting software offers the same features, it’s just that you may feel more comfortable with how one is designed over another – and then of

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