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Please see below for a range of useful blog posts, resources and latest news stories which may be of interest to you.

Videos

27 Sep 2019

Private screening of England vs USA RWC2019

Posted by - Kevin Johns

Resources

27 Apr 2020

Updated Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions. This item was correct as of 27 April.

4 Apr 2020

Updated Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions. This item was correct as of 4 April.

26 Mar 2020

VAT - things worth considering in light of COVID-19

This resource covers Government announcements as at 20 March 2020.

At this challenging time, many businesses will be looking at the impact of the Covid-19 health emergency on their businesses. As well as the potential need to defer the payment of VAT return liabilities, there are several VAT procedures that businesses may benefit from considering, that can easily be overlooked in more normal times.

26 Mar 2020

Furlough Facts and Guidance

This resource provides the answers to some of the most frequently asked questions about furloughed workers. Please do contact us if you need to discuss your situation or have any further questions.

24 Mar 2020

Government Support for Businesses & Charities

This resource provided by the Greater Birmingham Chambers of Commerce summarises the support that the Government are offering to businesses and charities that are affected by the current outbreak of COVID-19.

24 Mar 2020

Lay-off / short-time working flowchart

If your business is severely affected by coronavirus you may need to introduce temporary measures to protect your workforce and business. UK employers may be able to take advantage of contractual lay-off and short-time working provisions; use this flowchart to see if you could benefit from this, however specific legal advice should be sought before seeking to make changes to employee terms and conditions.

12 Mar 2020

The Budget 2020

Following the UK’s departure from the EU, Chancellor Rishi Sunak presented the 2020 Budget on Wednesday 11th March against a backdrop of economic uncertainty. Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech.

30 Jan 2020

Coventry and Warwickshire QES Q4

Posted by - Steve Harcourt

The Quarterly Economic Survey (QES) is the largest and most representative independent business survey of its kind in the UK. Each quarter more than 6,000 businesses across the UK's Accredited Chamber Network participate in the QES. In Coventry & Warwickshire, we receive between 300-500 responses each quarter.

28 Nov 2019

Probate Services

Help is at hand when you lose a loved one, let us assist you to make the probate process as smooth as possible. Probate is the process of administering a deceased's estate. This involves listing their assets and making sure these are distributed in accordance with their wishes. It also means paying any taxes which are due.

3 Sep 2019

Business Planning

As a busy business owner, it can be all too easy to become absorbed in the day-to-day minutiae of running your business. However, it is essential to take a step back to focus on your plans and strategies to help secure the business’s future prosperity and success.

3 Sep 2019

Charities

Registered charities may qualify for a number of potentially valuable tax exemptions and reliefs. However, they are not necessarily immune from tax entirely. Here we outline some of the key areas to consider.

3 Sep 2019

Personal Planning

Tax and financial planning may not be the first activity of choice for many people, but if you want to ensure that you are making the most of your hard-earned cash, and that your family will enjoy financial security into the future, it is essential to plan ahead.

3 Sep 2019

Retirement Planning

Retirement isn’t what it used to be. In many ways it is better: people are living longer and enjoying healthier and more active retirement years. On the financial side, however, trends are not as positive. For a combination of reasons, the goal of a financially secure retirement is becoming increasingly difficult to achieve. This guide highlights some of the issues you need to consider if you wish to enjoy the comfortable retirement you deserve.

3 Sep 2019

Value Added Tax

Value Added Tax (VAT) is a tax chargeable on taxable supplies made in the UK by taxable persons. This guide explores a range of basic VAT planning options and provides an introduction to some of the schemes available for businesses with a smaller turnover.

3 Sep 2019

Exiting a Business

Running a business presents many challenges, and it can be difficult for the busy business owner to find the time to compile a comprehensive business exit plan. However, planning ahead will help to ensure that you maximise the financial benefits for yourself and your loved ones, while allowing the business to pass smoothly to any successors, and making sure that you comply with the appropriate tax and legal requirements. We can help you to plan now for a successful – and profitable – exit from your business.

3 Sep 2019

Inheritance Tax

Inheritance tax (IHT) is currently payable where a person’s taxable estate is in excess of £325,000. Therefore, if you own your own house and have some savings, your estate could be liable.

3 Sep 2019

Year End Planning

Tax planning is about knowing the personal and business taxes you are liable to pay, and acting to minimise them. It is also about maximising your net income, and creating opportunities to invest and save tax-efficiently, for the current and future needs of your business, your family and yourself. While there is no doubt that the tax system is complex, you should not let complexity deter you from a simple goal: keeping your taxes as low as possible. That’s where we can help.

Latest News

11 May 2020

Government borrowing could rise to £300 billion

Posted by - Kevin Johns

The Centre for Policy Studies (CPS) has suggested that government borrowing may rise to £300 billion in 2020 as a result of the COVID-19 pa...

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11 May 2020

HMRC releases guidance for self-employed scheme

Posted by - Kevin Johns

HMRC has released guidance on the COVID-19 Self-employment Income Support Scheme.Under the scheme, self-employed individuals will be able to...

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11 May 2020

Lenders relax evidence requirements for business interruption loan scheme applications

Posted by - Morgan Davies

On 27 April 2020 the UK's seven largest small business lenders announced they had relaxed their evidence requirements for applications to th...

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11 May 2020

Government launches support finding tool for business

Posted by - Steve Harcourt

The UK government launched an online platform to help businesses access financial support during the COVID-19 crisis. The Coronavirus Busin...

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11 May 2020

OBR predicts UK economy will shrink by over a third

Posted by - Jamie Skelding

The Office for Budget Responsibility (OBR) has warned that the UK economy could shrink by 35% this quarter due to the COVID-19 crisis. The ...

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Blog

28 Apr 2020

Coronavirus Job Retention Scheme Claims

Posted by - Jamie Skelding

Last week the online portal for the Coronavirus Job Retention Scheme launched, allowing businesses to claim back the wages paid to furloughe...

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13 Mar 2020

Life as a self isolator (kind of)!

Posted by - Morgan Davies

I have been off work and working from home following knee surgery a week ago. So now I have some insight to what it’s like being forced to...

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12 Mar 2020

A Budget for investment

Posted by - Claire Lea

Yesterday we partnered with Coventry & Warwickshire Chamber of Commerce for a live interactive Budget event with business leaders in the...

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10 Mar 2020

Le Tour in 24

Posted by - Kevin Johns

At Prime, we always try and go the extra mile to raise money for local charities, and last weekend was no different. What started out as a s...

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3 Mar 2020

Entrepreneurs’ Relief – just a reform rumour?

Posted by - Claire Lea

With Entrepreneurs’ Relief speculated for reform or at worse scrapped in next week’s Budget, we consider what this could mean for busine...

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