Originally written by Timothy Adler on Small Business
Three mayors of England’s biggest cities have written to Rishi Sunak calling him to help the 3m self-employed excluded from Covid business support.
London mayor Sadiq Khan, Manchester mayor Andy Burnham and Liverpool mayor Steve Rotheram have urged the chancellor to help those who have fallen through the cracks of the self-employed income support scheme (SEISS).
Otherwise, warned Mr Burnham, England faces “a mental health pandemic on top of Covid”.
>See also: 1m self-employed face having to pay tax bill larger than what they earnt
It is estimated that 10 per cent of the UK workforce have found themselves excluded from Covid-19 support, according to pressure group ExcludedUK.
Mr Burhnam said: “We’re here together to send a message to the chancellor that it’s no exaggeration to say that jobs, homes and marriages are hanging in the balance … this is so wrong on so many levels”.
The Manchester mayor said the government’s cold shoulder for those who have just taken the plunge and gone self-employed, doing just what the government wants, sends the wrong message about becoming an entrepreneur.
Mr Burnham said that there were just days left to get the message across to the chancellor before his government spending
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Rishi Sunak urged to help self-employed company directors
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Lobbyists, trade associations and experts have joined forces to urge Rishi Sunak to help company directors frozen out of government Covid-19 support.
A consortium of professional bodies has urged the chancellor to consider proposals for a “Directors Income Support Scheme” (DISS), which would mirror the Self-employment Income Support Scheme (SEISS) under which sole traders can claim up to £2,500 per month.
This is a last-ditch attempt for the Treasury to change its mind before this week’s Spending Review.
>See also: When and where to apply for the new 80% self-employed grant
Until now the Treasury has balked at helping self-employed directors of limited companies who pay themselves in dividends, claiming it would be too difficult to separate company income from passive income, such as property and shares.
This is despite company directors paying themselves through through dividends being the standard accounting structure used by around 2m small UK limited companies, ranging from those with sole owner directors to micro businesses, which collectively employ 7.5m people.
Some see the Treasury’s mulishness as a disguised attack by HMRC on self-employed company directors, who often pay less into National Insurance and pay corporation tax instead of income tax.
It is estimated that around
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City mayors warn of mental health pandemic among self-employed
by Timothy Adler • • 0 Comments
Originally written by Timothy Adler on Small Business
Three mayors of England’s biggest cities have written to Rishi Sunak calling him to help the 3m self-employed excluded from Covid business support.
London mayor Sadiq Khan, Manchester mayor Andy Burnham and Liverpool mayor Steve Rotheram have urged the chancellor to help those who have fallen through the cracks of the self-employed income support scheme (SEISS).
Otherwise, warned Mr Burnham, England faces “a mental health pandemic on top of Covid”.
>See also: 1m self-employed face having to pay tax bill larger than what they earnt
It is estimated that 10 per cent of the UK workforce have found themselves excluded from Covid-19 support, according to pressure group ExcludedUK.
Mr Burhnam said: “We’re here together to send a message to the chancellor that it’s no exaggeration to say that jobs, homes and marriages are hanging in the balance … this is so wrong on so many levels”.
The Manchester mayor said the government’s cold shoulder for those who have just taken the plunge and gone self-employed, doing just what the government wants, sends the wrong message about becoming an entrepreneur.
Mr Burnham said that there were just days left to get the message across to the chancellor before his government spending
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Frequently asked questions about smart meters for small businesses
by Lawrence Gosling • • 0 Comments
Originally written by Lawrence Gosling on Small Business
1.What is a smart meter?
Answer: A smart meter is the new generation of energy meters for the supply of gas and electricity, which are being rolled out around the whole of the Great Britain.
2. What do smart meters actually do?
Answer: Your smart meter measures how much gas and electricity you use and securely shares this directly with your energy supplier at least once a month. You won’t have to take any meter readings manually — your smart meter will send automatic readings to your energy supplier via the secure smart data network which is solely for smart meters. This works in a similar way as other wireless systems but does not use the internet.
3. Why do I need to accurately measure energy use in this way?
Answer: Knowing exactly how much gas and electricity your business has used allows you to know exactly how much you need to pay to your energy supplier. This means rather than paying for your energy on an estimated basis , you can pay the precise amount. This helps with any business’ cash flow, which is obviously very important during a challenging time such as Covid 19.
4. Do all