New grants have been released by the Government for smaller businesses in England and worth £20 million. The aim of the grant is to ensure that businesses are able to access the support that they need to help them recover from the effects of the Coronavirus pandemic. Small and medium sized businesses will have access to grants of between £1,000 …
Press Release
#DutytohelpBeauty Open Letter for the Beauty Industry Aug 3 2020 Ria-Jaine Lincoln, an accountant who specializes in helping beauty salons, launches a campaign for the government to help the beauty sector, by issuing vouchers, in the same way that the hospitality sector has been helped. Ria-Jaine states “I feel helpless watching beauty business owners struggle with the last minute changes …
Open Letter On Behalf of the Beauty Industry
03 August Update – Sign the open letter 04 August Update – Cosmetic Business ArticleScratch Magazine Article01 August 2020 Dear Mr Prime Minister. Re: Our Beauty Industry My name is Ria-Jaine Lincoln MAAT, I am a trained lash and nail technician but also Accountant to the hair and beauty industry. Today should be the day that my clients and other …
The Debt Free Beauty Business
For a long time we have seen posts on social media about financial freedom and a lot of people aspire to have financial freedom in the sense that regular bills are paid on time and mortgages are cleared and so on. One type of financial freedom that doesn’t make the news feed is the business financial freedom, the debt free …
Should you really open as soon as the government says go?
Article contains affiliate links I have recently read a BBC article discussing the impact of COVID for salons after lockdown as the lockdown measures are relaxed. There has been a lot of uncertainty for the UK hair and beauty industry and business owners are keen to know what returning to work is going to look like. One thing that is …
Self-employment Income Support Scheme – COVID -19
The government have released details of the Self-employment Income Support Scheme and below is some information on the support and some of the key points for sole traders. If you are a sole trader or part of a partnership and have lost income due to COVID-19 this is the scheme for you. The scheme will be live in June 2020 …
Coronavirus and Business
Last Updated – 10th May 2020 There has been lots of information to process on the COVID-19 Pandemic and we are receiving lots of enquiries. We are closely following government updates and will update this page as necessary. UPDATE: Government Announces New Lifeline for small businesses to access cash quickly. This new support that has 100% government backed guarantee for …
Self-employed workers
𝗠𝘆𝘀𝗲𝗹𝗳 𝗮𝗻𝗱 𝗺𝘆 𝘀𝘁𝗮𝗳𝗳 𝗵𝗮𝘃𝗲 𝗮𝗹𝗹 𝗱𝗲𝗰𝗶𝗱𝗲𝗱 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲𝘆 𝘀𝗵𝗼𝘂𝗹𝗱 𝗴𝗼 𝘀𝗲𝗹𝗳 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗱. I hear this every single day be it in conversation with clients, potential clients or on the facebook forums 🤯Most often the reason is because it works out better financially.. If this is the only reason that a salon owner is choosing to go self employed whilst …
Who Should Complete A Tax Return
HMRC will issue tax returns to those that they believe need to submit a tax return. You would be expected to complete a tax return if you fall into the below criteria within the tax year. If you are working for yourself. If you are a company director and have been issued with a return (excluding not for profit). …
Allowable Business Expenditure For Sole Traders
One sure way to reduce taxable profit and to ensure that you do not overpay tax is to account for all the business expenditure and claim all the allowable tax relief. Before I go on I want to list the three different categories for business costs: Capital Business/Revenue Expense Personal This article looks at number 2 Business /Revenue expense. For …
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