London-based accountancy firm Davis Grant is encouraging businesses to take care over the latest extension to the Coronavirus Job Retention Scheme (CJRS), as it contains many important changes. The Government has now published its full guidance for the extended furlough scheme, which will remain in place until 31 March 2021, offering to cover 80 per cent of […]
Extended Coronavirus Job Retention Scheme FAQ
To help you get to grips with the extended Coronavirus Job Retention Scheme (CJRS) please use our helpful FAQ. What does the CJRS offer? The Coronavirus Job Retention Scheme (CJRS) is a temporary scheme open to all UK employers until 31 March 2021 that is designed to support employers whose operations have been severely affected […]
Accountants welcome expansion of furlough and self-employment schemes, but say Government must reconsider loss of Job Retention Bonus
The Chancellor’s decision to expand the furlough and self-employment schemes has been welcomed by London-based accountancy firm Davis Grant but it has said the withdrawal of the £1,000 per employee Job Retention Bonus must be reconsidered. Chancellor, Rishi Sunak, announced in a statement to Parliament that the furlough scheme would be extended to the end […]
HMRC urges businesses to act ahead of end of transition period to “avoid disruption”
HM Revenue & Customs (HMRC) has written to over 250,000 VAT-registered businesses urging them to “act now” ahead of the end of the Brexit transition period.
Government extends furlough scheme and provides a boost to SEISS
As businesses deal with the impact of yet another national lockdown in England, the Chancellor has taken further steps to protect jobs, businesses and the self-employed by announcing additional changes to the Government’s financial support measures. Speaking in Parliament, Rishi Sunak announced further changes to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income […]
COVID-19: Business loans to reach five times more than last year
Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number in 2019, as businesses struggle to survive the second wave.
Government extends Self-Employment Income Support Scheme and Government-backed loans
As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various Government-backed loans, including the Bounce Back Loan, Coronavirus Business […]
National Lockdown – Extension to the Furlough Scheme and Business Support Update
The Government has extended the Furlough Scheme following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed that those businesses that are required to close will be eligible for business grants of up to £3,000 […]
Failing to plan, is planning to fail
If you are taking your first steps as an entrepreneur, the entire process of setting up a new business can be very daunting, especially if you are entering a fast-moving and competitive field such as tech.