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Monthly Archives: July 2020
Hot Business News Today
Pentagon's UFO Program May Make Some Findings Public
by Stephanie Mlot • • 0 Comments
Sen. Marco Rubio wants to crowdsource information on ‘unidentified aerial phenomenon’ at US military bases.
Hot Business News Today
Local U.S. Election Officials' Emails Vulnerable to Cyberattacks, Report Warns
by Stephanie Mlot • • 0 Comments
Email privacy controls-or a lack thereof-could put state and local election administrators at risk of phishing.
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Bugatti's First EV in Decades is a $35,000 "Toy" Car
by Jon Fingas • • 0 Comments
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Why the Government’s new insolvency bill is bad news for sole traders
by Simon Dolan • • 0 Comments
Originally written by Simon Dolan on Small Business
Earlier this month, aviation millionaire Simon Dolan, who is worth £200m according to the Sunday Times Rich List, lost his bid to bring a High Court challenge against the Government over the coronavirus response. He is appealing against the against the decision denying him permission to bring a judicial review over lockdown.
When I first initiated legal proceedings against the Government over the introduction of lockdown, the last thing I thought I would be talking about is the changes to the Insolvency Act, and yet these changes are fundamental, regressive, and without doubt will lead to far more issues – all in a vain attempt to prop up the economy for a few more weeks.
Yet, as an accountant with over 30 years’ worth of experience in the industry, I have looked on in horror over the last few months as the Corporate Insolvency and Governance Act breezed through the Commons and Lords without any adequate scrutiny and became law two weeks ago.
>See also: How to deal with a furloughed employee who refuses to return to work
What the Corporate Insolvency and Governance Act means
In the round, the introduction of the Corporate Insolvency and Governance Act
Hot Business News Today
How will Brexit affect my imports and exports? Where to find customs help
by Ben Lobel • • 0 Comments
Originally written by Ben Lobel on Small Business
UPDATED: The Government has admitted that British companies trading with Europe will have to fill in an extra 215 million customs declarations a year post Brexit.
And this post Brexit customs bureaucracy burden will cost British businesses around £7bn a year, according to Government officials.
You will need an EORI number
UK businesses trading with EU countries need to obtain an Economic Operator Registration and Identification (EORI) number if they do not already have one. UK businesses trading with the EU should (if they do not already have one) apply for a UK EORI number from HMRC, to ensure they can still move their goods into and out of the UK post-Brexit. You can apply for a UK EORI number here.
You will also need an EU EORI number
You will also need an EU EORI number when you export to the European Union. You should apply for an EU EORI number from the customs authorities in whichever EU state you deal with the most, to ensure you can still move your goods into and out of the EU. Get this from the customs authority in the EU country where you submit your first declaration or request your
Hot Business News Today
Treasury pushes to double bounce back loan repayment period to 10 years
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The Treasury is pushing for the bounce back loan repayment period to be doubled from five years to 10 years.
Both Government and banks that have jointly lent £33bn through the bounce back scheme are afraid of the looming wave of nonrepayment.
More than a million small companies have borrowed under the bounce back scheme, which offers loans of up to £50,000 and are covered by a 100-per-cent state guarantee.
The loans were launched in May after an outcry about the criteria attached to the coronavirus business interruption loans, which made it difficult for small businesses to qualify.
However, the Office for Budget Responsibility estimates that £53bn will eventually be handed to small firms in bounce back loans, with 40 per cent likely to default. This equates to costing the taxpayer £16bn in bad loans.
>See also: Half of small businesses will never repay Bounce Back Loans, warn banks
Bounce back loan repayment
Nearly half of small businesses that have taken out government emergency coronavirus loans do not intend to repay them. Forty-three per cent of businesses that have taken out either bounce back loans or coronavirus business interruption loans said they do not believe the Government will chase the
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Instacart Review: What It’s Like Working for Instacart
by Editor • • 0 Comments
If you’ve seen Instacart shoppers confidently breezing through your local grocery store, you might be intrigued about what it’s like to work for Instacart, and how much money you can earn shopping for others. Well, you can stop wondering, as we’ve done some digging to save you the time and effort. Instacart is always on […]
The post Instacart Review: What It’s Like Working for Instacart appeared first on The Work at Home Woman | Legit Work From Home Jobs.
Hot Business News Today
3 Pillows For Sleeping Through the Night for a More Productive Tomorrow
by Entrepreneur Store • • 0 Comments
Hot Business News Today
3 Fixes for Common Mistakes Businesses Make When Answering Customer Questions
by Matt Fore • • 0 Comments
Common ground, understanding and a little patience can be your greatest business assets.