In this episode, Shaz is answering a range of questions around tax, finance and the current support available from the government.

This is a great listen and the wide range of questions that Shaz answers provide valuable information about buying land, loans between companies, deferment, the grants available to businesses during the current pandemic and why it’s vital to create your own emergency budget.

Shaz truly has a wealth of expertise and knowledge, listen in for great content shared in an easily accessible way, with the questions we are all asking and the answers we need.

 

KEY TAKEAWAYS

• HMRC are currently being flexible around payment plans and deferring.

People are protecting cashflow and deferring but it’s vital to remember these payments will have to be made later.

• Create an emergency budget and be ruthless. Cut costs where you can because if you need it later you can get it later.
• There are many scams operating at the moment so you need to be very aware of this.
• For directors who are on an annual salary, there is a challenge as they would not have filed their RTI by the date currently being used as the stop point by the government.
• When you are working in property every deal is different so it’s important to ring-fence finance setting up a limited company for each deal is a way of achieving this.
• If a tenant is seeking deferment you can as the landlord request evidence of their change in circumstances.
• If a business has applied for a business rates account number and not yet received one they should still be able to access the small business grant.

 

BEST MOMENTS

‘If you can get the VO to register you and you can show you were there prior to March then you can apply to the council for rates relief’

‘The Chancellor has not been very favourable to directors’

‘Make sure you budget for deferred payments’

 

 VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

•   Facebook
•   LinkedIn
•   Instagram
•   YouTube.