The official declared that even so it cannot be said that we are frankly in a re-growth.
Tag Archive for Coronavirus
Hot Business News Today
Just when you thought it couldn’t get worse, business rates return in April
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The government needs to say whether the current one-year business rates holiday for retail and hospitality businesses is going to be extended.
So says John Webber, head of business rates of property consultancy Colliers International, which has monitored the number of business rates appeals flooding the Valuation Office Agency (VOA), part of HM Revenue & Customs, which is tasked with processing complaints as part of a three-stage “check, challenge, appeal” process.
According to Colliers, some 170,000 businesses have taken the first step towards appealing against their rates since the pandemic began in the UK in March. That is more than the total number in the three previous years, during which 159,000 queried their rates.
>See also: Chancellor Rishi Sunak may scrap business rates in favour of a land tax
Partly, it’s the government’s own fault that the VOA is so swamped with business rates appeals.
Businesses are being forced into challenging ratings assessments now because the government has yet to announce whether the one-year business rates holiday for retail and hospitality announced in March is going to be extended.
Business rates are a tax on properties that are used for commercial purposes and are charged based on an estimate
Hot Business News Today
The number of hospitalizations grows and Mexico City could return to a red light
by Entrepreneur en Español • • 0 Comments
For now, the job will be to increase the number of tests and isolate positive cases as well as continue to insist on preventive measures.
Hot Business News Today
Just when you thought it couldn’t get worse, business rates return in April
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
The government needs to say whether the current one-year business rates holiday for retail and hospitality businesses is going to be extended.
So says John Webber, head of business rates of property consultancy Colliers International, which has monitored the number of business rates appeals flooding the Valuation Office Agency (VOA), part of HM Revenue & Customs, which is tasked with processing complaints as part of a three-stage “check, challenge, appeal” process.
According to Colliers, some 170,000 businesses have taken the first step towards appealing against their rates since the pandemic began in the UK in March. That is more than the total number in the three previous years, during which 159,000 queried their rates.
>See also: Chancellor Rishi Sunak may scrap business rates in favour of a land tax
Partly, it’s the government’s own fault that the VOA is so swamped with business rates appeals.
Businesses are being forced into challenging ratings assessments now because the government has yet to announce whether the one-year business rates holiday for retail and hospitality announced in March is going to be extended.
Business rates are a tax on properties that are used for commercial purposes and are charged based on an estimate
Hot Business News Today
Mexico will buy 34.4 million vaccines Pfizer
by Entrepreneur en Español • • 0 Comments
The vaccines of this pharmaceutical company were photographed by the British press coming off the production line.
Hot Business News Today
How to tell your staff they’re working reduced hours
by Helen Watson • • 0 Comments
Originally written by Helen Watson on Small Business
With the Job Retention Scheme (JRS) coming to an end and the Job Support Scheme (JSS) taking its place, employers wanting to take advantage of the new scheme will need to enter discussions with staff about working reduced hours and cutting pay.
#1 – Review the employment contract
Any change to an employee’s hours of work and pay will amount to a contractual change of their current terms and conditions of employment. Despite the new government scheme being introduced, this does not give a unilateral right to change an employee’s terms and conditions of employment. It is important to review their current terms and any contractual rights to amend terms, on a temporary or permanent basis, before consulting with the employee about the proposed changes.
#2 – Consider whether reduced staff hours are appropriate
Employers should consider whether reduced staff hours are appropriate bearing in mind that the JSS is designed to support “viable” jobs only. To be eligible for the scheme, an employer must be able to provide at least a third (33 per cent) of the employee’s normal contracted working hours. If this is not possible, then other options may be more appropriate, such as
Hot Business News Today
How to tell your staff they’re working reduced hours
by helenwatson • • 0 Comments
Originally written by helenwatson on Small Business
With the Job Retention Scheme (JRS) coming to an end and the Job Support Scheme (JSS) taking its place, employers wanting to take advantage of the new scheme will need to enter discussions with staff about working reduced hours and cutting pay.
#1 – Review the employment contract
Any change to an employee’s hours of work and pay will amount to a contractual change of their current terms and conditions of employment. Despite the new government scheme being introduced, this does not give a unilateral right to change an employee’s terms and conditions of employment. It is important to review their current terms and any contractual rights to amend terms, on a temporary or permanent basis, before consulting with the employee about the proposed changes.
#2 – Consider whether reduced staff hours are appropriate
Employers should consider whether reduced staff hours are appropriate bearing in mind that the JSS is designed to support “viable” jobs only. To be eligible for the scheme, an employer must be able to provide at least a third (33 per cent) of the employee’s normal contracted working hours. If this is not possible, then other options may be more appropriate, such as lay
Hot Business News Today
Most banks not allowing small businesses to open bank accounts
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
Many banks have stopped accepting new applications for business bank accounts since the coronavirus pandemic surged in the UK.
This is predominantly down to increased demand for government-backed emergency loans like Bounce Back Loans and the Coronavirus Business Interruption Loans. Banks are focusing on providing these and tending to their existing customers’ most pressing needs.
Which banks are still offering business bank accounts?
SmallBusiness.co.uk has spoken to the following banks to find out where they stand on accepting business bank account applications.
HSBC
HSBC closed applications for new business bank accounts on September 30.
An HSBC UK spokesperson said: “Since the introduction of the Bounce Back Loan Scheme, we have given over £12bn of lending to the UK’s businesses, as part of an overall £20bn package supporting our business and personal customers. As one of the only banks that remained open to applications from all UK businesses since the scheme’s launch, we received a huge level of demand. With the scheme closing on 30 November, we need to focus our resources on fulfilling existing applications. We are no longer accepting new applications for Bounce Back Loans from companies that don’t have an existing HSBC business account and we will
Hot Business News Today
What are the risks of most concern to successful entrepreneurs in 2020?
by Foro Económico Mundial • • 0 Comments
Unemployment and underemployment are the top concerns for business leaders in 2020, according to a recent survey.
Hot Business News Today
Most banks are not allowing small businesses to open bank accounts
by Anna Jordan • • 0 Comments
Originally written by Anna Jordan on Small Business
Many banks have stopped accepting new applications for business bank accounts since the coronavirus pandemic surged in the UK.
This is predominantly down to increased demand for government-backed emergency loans like Microbusiness Bounce Back Loans and the Coronavirus Business Interruption Loans. Banks are focusing on providing these and tending to their existing customers’ most pressing needs.
Which banks are still offering business bank accounts?
SmallBusiness.co.uk have spoken to the following banks to find out where they stand on accepting business bank account applications.
HSBC
HSBC closed applications for new business bank accounts on 30th September.
An HSBC UK spokesperson said: “Since the introduction of the Bounce Back Loan Scheme, we have given over £12bn of lending to the UK’s businesses, as part of an overall £20bn package supporting our business and personal customers. As one of the only banks that remained open to applications from all UK businesses since the scheme’s launch, we received a huge level of demand. With the scheme closing on 30 November, we need to focus our resources on fulfilling existing applications. We are no longer accepting new applications for Bounce Back Loans from companies that don’t have an existing HSBC business account and we