Summer Economic Update: Chancellor reveals plans to support UK recovery
In his Summer Economic Update Chancellor of the Exchequer Rishi Sunak today (8 July 2020) unveiled a ‘Plan for Jobs’ worth up to £30 billion to support the UK’s recovery from the Coronavirus outbreak. In his address in the Commons, the Chancellor delivered a much-anticipated statement on the Government’s plan for entering the second phase of the recovery. In our latest blog, we outline some of the notable changes to … Continue reading
How to benefit from an EMI share scheme
In our latest blog, we explore EMI share schemes and explain how early-stage and growing businesses can benefit from this type of tax-advantaged employee share scheme. Estimated reading time 2:30 minutes Attracting, recruiting, motivating, and retaining employees through an EMI share scheme An EMI share scheme is the most tax-efficient and flexible HMRC-approved share option scheme. It allows companies to grant options to selected employees to buy shares at a … Continue reading
UK Government launches Bounce Back Loan scheme
Estimated reading time 4:00 minutes Yesterday (27 April 2020), Chancellor of the Exchequer Rishi Sunak announced another policy (Bounce Back Loan scheme) measure designed to support small businesses through the coronavirus outbreak. Announcing the 100% state-backed Bounce Back Loan scheme in the House of Commons, the Chancellor outlined the “simple, quick and easy” solution for those in need of smaller loans. In this blog, we explore the policy, what it means … Continue reading
CBILS: UK Government-backed initiative to support SMEs during the pandemic
Estimated reading time 5:00 minutes Small and medium-sized businesses now have access to financial support through the Coronavirus Business Interruption Loan Scheme (CBILS). Launched on 23 March 2020, and expanded on 2 April 2020, the scheme enables businesses to address cash flow issues caused by COVID-19. The initiative is a central component in a broader package of government support for UK businesses and employees. Introduced on 23 March 2020, and … Continue reading
Start-up FD; who are they and how are they different?
There is no getting away from it; a full-time finance director is a prohibitively expensive resource for most early-stage technology businesses. So frequently in the early days, the Founder handles the strategic financial challenges, and a financial controller or finance manager (or indeed office manager) keeps Companies House and HMRC happy as well as getting the invoices issued and the bills paid. Nevertheless, the business will eventually outgrow these accounting … Continue reading
Isosceles partner with Incubyte to provide growth mentoring
We are delighted to announce that Isosceles Cambridge has partnered with Incubyte to provide Incubyte companies with growth mentoring and finance and accounting support. Who are Incubyte? Incubyte is the brainchild of Rob Precious who in his capacity as a serial tech investor and mentor has seen several successful exits and is currently invested in a number of exciting new opportunities. From their incubator in the Cambridge Innovation Park, Incubyte provides … Continue reading
Need Help Managing Cash Flow? Why Use Invoice Financing
Managing Cash flow is often easier said than done Managing cash flow during the early-revenue generating years is often easier said than done, and poor cash flow management can quickly bring a business to its knees – even a profitable one! Increasingly our clients are utilising invoice financing to provide regular cash injections, which balances their cash flow and enables them to continue to expand and grow. While there are many … Continue reading
Isosceles Finance 2018 Cup Match Report
The 2018 Isosceles Cup had already thrown up surprises before we had even reached the finals. Just as Italy and Holland had failed to qualify for Moscow, so teams such as BackOffice and Insight had not made it to the Isosceles finals. Just as Panama, Japan and Iceland were relative newcomers to Moscow, so Ceramex and Pelipod were attending their first Isosceles Cup. As is usual, Isosceles arranged for a … Continue reading
What exactly does an Interim FD do?
The hired gun An Interim FD relishes a challenge and thrives on goal-orientated projects across a diverse range of companies and situations. He or she is under significant pressure to deliver within weeks rather than months. They are a hired gun, engaged for a short period to sort out a specific problem or situation that the businesses’ existing finance team are unable, for whatever reason, to address. This could be: Leading a turnaround … Continue reading
Who would choose the life of a part-time finance director?
This is a good question, who in their right mind would want to be a part-time finance director? Potentially a different client every day and nowhere to hang their hat! The life of a part-time finance director is unquestionably a double-edged sword, with opportunities and challenges in equal measure. Adding real value to growing companies The variety of working with a portfolio of clients, all at different stages of growth; associating with, and … Continue reading