Business interruption insurance – Are pay-outs taxable?

Business Interruption Insurance Tax Implications

In January, the Supreme Court ruled in favour of small businesses whose insurance companies have refused to pay out for business interruption losses as a result of the pandemic. In the following article we look at the tax implications of these pay-outs. Business interruption insurance provides cover for losses as a result of events that…

Read More

COVID-19: A summary by Fabulous Financial

Fabulous Finance host Q&A on support available to businesses during the COVID-19 pandemic

Fabulous Financial have collated the latest government guidance in relation to the funding support available to businesses into an easy to follow summary.   Fabulous Financial Covid Summary   This is very much an evolving document that will continue to be updated with new guidance as and when it is released.  The information contained within…

Read More

COVID-19: Business Support Update

Business Support Guidance

Government Measures to Support Businesses. Offering support to business owners and their business is at the core of everything we do at The Fabulous Group and during these unprecedented times, it could not be more true. We understand the complexity of challenges being faced by businesses and therefore we must support one another more than…

Read More

The Legal Aspects of Starting a Business

Two businessmen shaking hands

The legal side of things is very important when starting a business. It’s helpful to know that everything you need is in order and it also stops anyone from stealing your idea before you even get your business off the ground. Here are some of the legal aspects to consider when starting a business.  …

Read More

When should a small business consider outsourcing?

Individuals sitting around table with laptop

Why consider outsourcing? Running a small business is both challenging and time consuming, and it doesn’t come without its fair share of distractions. It is all too easy to become bogged down by administrative jobs such as bookkeeping, running the payroll and ensuring compliance with regulations, which usually means one thing – less time spent…

Read More