Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

The New Enterprise Allowance was launched to help approximately people who receive benefits to start their own business. Anyone who has been unemployed for at least 26 weeks and claiming Jobseekers Allowance and has a viable business idea will be considered.

Successful applicants will be given advice and support from the outset, with a volunteer business mentor to guide them through the development of a business plan and help them to survive the initial months of trading. Jobcentre Plus will also be available to participants in the scheme. According to the Business Customer and Strategy national intermediary design team, help and support will be given by HM Revenue & Customs from the very start. This will ensure that legal obligations for paying the correct amount of tax and any relevant deadlines are clear.

For people who don’t qualify for the New Enterprise Allowance, the work programme and enterprise clubs are available from Jobcentre Plus. HMRC will be on hand through Jobcentre Plus to give advice and provide a selection of educational tools. These will include e-learning, webinars and face to face learning. The mentors who participate in the scheme will also receive training from HMRC.

As the number of unemployed looks set to increase, the New Enterprise Allowance could be a boost for enterprising people who are looking for a way to put their ideas into practice. Business advice is essential from the very first day of trading, ensuring that relevant legislation and filing dates are adhered to and avoiding huge penalties.

guest
0 Comments
Inline Feedbacks
View all comments

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.