Blog
SEISS extended
The Self-Employment Income Support Scheme (SEISS) has been extended. Eligible self-employed taxpayers will be able to claim a second, and final, grant under the scheme in August. Eligibility The eligibility criteria for the second grant are the same as the first. To...
Flexible furloughing
The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline for many employees and employers during the COVID-19 pandemic. As at 21 June 2020, 9.2 million employees had been furloughed by 1.1 million employers who had, collectively, claimed grants totalling...
NIC implications of COVID-19 support payments
Various support payments have been made to help those affected by the COVID-19 pandemic. How are those payments treated for National Insurance purposes? Grant payments under the CJRS Where an employer claims a grant payment under the Coronavirus Job Retention Scheme...
Option to defer July self-assessment payment on account
Taxpayers facing financial difficulties as a result of the COVID-19 pandemic can opt to delay making their second self-assessment payment on account for 2019/20, due by 31 July 2020. As long as the amount is paid in full, together with any outstanding balance for...
Outsourcing your work to allow you to focus on the important areas of your business
There are many aspects to ensuring that your business remains profitable, and it can often be challenging to know which areas require additional spending. Prioritising your workload and resources is paramount to the growth and maintenance of your business, and an...
3 top tips to earn more while working less
3 top tips to earn more while working less It's the dream scenario: your profits going up while the time spent working each week goes down. However, this may seem like an unattainable goal unless you actually having a plan in action or at least some idea of how this...
How to maximise your business by only marketing to your ideal clients
Is it possible that too much opportunity could ever be a bad thing for your business? At Highwood & Associates, we think so. Marketing to every potential client can be disastrous for your business. From using marking resource ineffectively, to drowning your employees...
Managing your time effectively
Making the most out of every single working minute of the day means you can maximise your outcome and performance. But, it's often easier said than done. Here are some effective solutions to help manage your time effectively. Identify time wasters If you're struggling...
How to become a profitable business
Many small business owners need to change their practices by focusing on creating more profit. To increase profits and boost your bottom line, here are five key strategies to consider. Focus on your existing customers - what many small business owners don't realise is...