Depending on your definition of success, the Coronavirus Job Retention Scheme has certainly been a success with around eight million workers furloughed so far, nearly a million businesses using the scheme, and with costs totalling around £80bn. However the Chancellor is set to announce this week that the UK government will soon bar companies from […]
Covid-19 Business News Briefing
With so much being announced every day you could be forgiven for switching off due to information overload. So to assist you to navigate your way in these uncertain times, here is a summary of news we feel may be relevant to you and your business. Prime Minister Boris Johnson sets out a timeline for […]
Working from home during COVID-19?
Details of how you can reclaim household expenses from the business. On Monday 16 March 2020, Prime Minister Boris Johnson told the public to work from home where possible in an attempt to contain the ongoing coronavirus outbreak in the UK. For more than 1.7 million people it was business as usual, as they already […]
Inheritance tax – considerations during COVID-19
Coronavirus has many people reflecting on their own mortality. So if you have more time on your hands during the lockdown, planning your estate may be a wise way to spend it. Benjamin Franklin observed there are only two certainties in life: death and taxes, and nothing marries the two together quite like inheritance tax. […]
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 […]
Protect yourself from Coronavirus Scams
And where something as new and substantial as the government crisis support is created, the fraudsters and scammers are already exploiting opportunities to try and steal key financial information from business owners and individual taxpayers. Scammers are not on furlough – they are working full time on trying to fraudulently part individuals and business owners […]