By Tom Maxwell In Advice, Blog, NewsPosted 04/05/2020 COVID-19 Update – 4 May – Additional grants for small businesses and more The Government announced that the local business grant funds scheme would receive a 5% top-up aimed at closing the support gap for businesses that don’t qualify for the existing business rates [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 04/05/2020 COVID-19 Update – 4 May – Self-employment income support scheme When the government announced the proposed Self-employment income support scheme (SEISS) they were very clear that it was “don’t call us, we’ll call you”! It was also indicated that funds would [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 04/05/2020 COVID-19 Update – 4 May – Bounce Bank Loan Scheme The new CV19 related business loan scheme for micro-businesses has been launched today. Scheme features The Bounce Back Loans Scheme enables businesses to obtain a six-year term loan at a [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 01/05/2020 COVID-19 update – 1 May – VAT deferral and Parental Leave Pay changes Here our experts provide you with the latest advice on deferring VAT payments and parental leave pay changes. VAT deferral Anyone wishing to defer their VAT payment that would ordinarily be [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 30/04/2020 COVID-19 – Update 30 April – Training for Furloughed Staff Many businesses have taken advantage of the furlough/job retention grant scheme in order to reduce short term costs whilst they get to grips with the effects of the pandemic. Whilst on furlough, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 29/04/2020 COVID-19 Update – 29 April – Some UK banks ease CBILS requirements Following the Chancellors announcement, offering 100% guarantees on ‘Bounce Back’ loans for the smallest business, the UK’s largest banks have stated they will ease lending requirements. This [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 28/04/2020 COVID-19 Update – 28 April – New small business micro-loan scheme announced On the 27 April, the chancellor announced they will introduce a Bounce Back loan scheme to enable small businesses to apply for up to £50k if they have been affected by the coronavirus measures. [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 21/04/2020 New financial support for innovative firms hit by Coronavirus Last night the Chancellor announced a package of £1.25 billion funding, across two incentives, for innovative firms hit by Coronavirus. Below is an overview based on the initial announcement, but [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/04/2020 COVID-19 – Update 20 April – Furlough Job Retention Scheme – now open for online claims We are now able to make claims on our client’s behalf where we provide them with a fully managed payroll service. In almost all cases the HMRC authorisation is already in place, but there is a [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/04/2020 COVID-19 Loan Scheme expanded for large businesses (T/O>£45M) The Government has announced the expansion of the loan scheme for large businesses, so all viable firms are covered. These changes will complement the existing support available such as the Covid [...] 0 Read More