The Furlough scheme is changing and the support for the self employed will be extended for the final time. Below we detail all the latest Government support and guidance. FAQ’s on what we can and cannot do have also been updated over the weekend and there are also changes to childcare and free child minding […]
Roll Out of Self Employed Grants (SEISS)
The self-employed income support scheme (SEISS) will be open for applications from 13 May. We outlined the details of the scheme previously which awards contractors and consultants cash based on previous years trading profits. This week HMRC started to contact those who it believes are entitled to claim a cash grant, telling them to be […]
Bounce Back Loan Scheme is Live
On the back of widespread concern about the lack of availability of loans under the Coronavirus Business Interruption Loan Scheme the government has introduced a new scheme aimed at smaller businesses. The loan scheme is now available via banks and here’s a summary of what we know so far… Key Features Apply for a loan […]
Government pledges £1bn to support startups
This morning the Chancellor announced a billion-pound rescue package for startups struggling to cope amid the coronavirus pandemic. This news will be welcomed by innovative, high-growth businesses across the UK. The UK government said that £750m of support for R&D intensive small and medium-size companies will be available through Innovate UK’s grants and loan scheme. […]
Support for contractors and consultants
The Chancellor announced on Thursday 26 March 2020 the hotly anticipated grant scheme available to the self-employed and members of partnerships that will lose income due to coronavirus. Broadly the Self-employment Income Support Scheme (SEISS) will allow self-employed taxpayers to claim a taxable grant worth 80% of trading profits up to a maximum of £2,500 […]