Personal Independence Payment (PIP) is the payment which helps when you are physically disabled or suffering from long term health conditions for the people who are aged between 16 to 64 years and is independent of your income and whether you have savings or capital i.e. it’s a non-means tested benefit.
The legal definition of small business differs from country to country and from industry to industry and thus can vary by circumstance.
A Universal Credit is a social security benefit which was introduced in the year 2013, with the intention to replace six benefits, namely: Income Based Jobseeker’s Allowance, Housing Benefit, Working Tax Credit, Child Tax Credit, Income Based Employment & Support Allowance and Income Support.
As per Section 139 of the Employment Rights Act 1996, there are two situations under which a redundancy may occur, which are:
As per United Kingdom law, liquidation is the process by which a company or a part of a company is brought to an end i.e. the company is no longer allowed to do trading of any kind.
UK Insolvency Law allows an insolvent company or a company with debt issues to enter into a Company Voluntary Arrangement (CVA) with its creditors regarding repayment of full or a part of its debts over a mutually agreed period of time.
A gift, is the voluntary transfer of cash, tangible things and property from one person, referred as the donor or grantor to another, referred as the done or grantee.
A bridge loan is a short-term loan, also considered as an interim loan for an individual or business till the permanent financing or next step of financing is approved or obtained and when the next stage of financing is obtained, it could be used to pay back the bridge loan as well as other capitalization needs, if any.
Form W9, also called as Request for Taxpayer Identification Number and Certification, and is normally used in the United States Income Tax system to save the information of taxpayers with the Internal Revenue Service (IRS).
A virtual office space is a location which is set up over cyberspace, which allows the business owners and employees to work from any location.
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