The government has refused to rule out a move to increase corporation tax from 19% to 24% in a bid to recover spend from Covid-19.

As the business world begins to awaken and we return to some ‘normality’, Companies House has announced that it will reintroduce the compulsory and voluntary company strike off processes that were suspended due to the Coronavirus pandemic.

Growth is always a key focus for businesses and with many SMEs looking to recoup some of the losses from lockdown, they are keeping an eye out opportunities to attract new customers as we return to ‘normality’. However, reaching new prospects can be difficult at the best of times. We look at ways in which you can engage with prospects and reach new audiences.

The government has published further guidelines on the Coronavirus Job Retention Scheme (CJRS) to provide more clarity particularly on changes in legislation and eligibility.

The UK economy contracted by 2% - its fastest pace since the financial crisis - in the first three months of the year, as Covid-19 took hold. This followed a zero-growth figure from the final quarter of 2019.

Late payments are challenging at the best of times but keeping cashflow moving during the current pandemic adds another layer of uncertainty to an already difficult time for small UK businesses, who are likely to have seen work dry up and offices closed.

Yesterday (27^th April), the Chancellor announced the launch of a rapid loan scheme which would inject a vital boost to UK businesses within 24 hours of application.

The health and wellbeing of our employees, clients and suppliers is paramount during this uncertain time. identeco has responded to Government advice and our offices are now shut with business operations working remotely.