Thank you to everyone who attended and submitted questions. We were overwhelmed with the response so apologies to anyone whose query we did not have time to address during the session. A summary of the questions and our answers is below. Full Video of the Session Make sure you don’t miss out on future sessions […]
Should you furlough workers or not?
Our guide to your options regarding the Coronavirus Job Retention Scheme that allows you to claim a grant for 80% of a PAYE employee’s salary (capped at £2,500) so you can continue to pay them rather than making them redundant. Furlough (noun) a temporary leave of absence granted to a worker.Also: to furlough (verb); furloughs; furloughed; […]
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 […]
Tax Year 2020/21 is here – your essential briefing
Here’s what you need to know going into the new tax year, viewed through the lens of the current crisis. During the recent upheaval, the days of the week and dates may have taken a backseat to more immediate concerns. We aim to support you looking forward to future plans and responsibilities. Self Assessment Your […]
Business Bitesize: Business Prosperity In Chaos
Recap: “Practical Next Steps…” Q&A Session
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. […]
How will HMRC deal with ‘Furlough Fraud’?
The Government and HMRC are very concerned about fraudulent Coronavirus Job Retention Scheme claims, despite the rules and system having been designed to safeguard against this as far as possible. Simply because of the large sums being made available, the scheme is likely to attract criminal fraud, as well as abuse by some genuine employers […]
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 […]