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CoronaVirus

Extended Winter Support Scheme

23rd October 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Sole Traders
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Extended Winter Support Scheme

The Winter Support Scheme has been extended, with the government pledging more support to those businesses and individuals hardest hit by the coronavirus pandemic, falling demand and restrictions to trade. There are three areas of focus to the financial support
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Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes

18th October 2020 | Written by In Accountancy | Categories : CoronaVirus, News
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Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes

The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make
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Furlough Fraud – act now

14th October 2020 | Written by In Accountancy | Categories : CoronaVirus, Pensions and Payroll, Small Business Advice
Furlough Fraud – act now

Furlough Fraud – time is running out for firms to disclose any incorrect furlough claims, even when these have been made accidentally. The 90 day amnesty period for any claims made before 22 July 2020 comes to an end on
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Job Support Scheme

13th October 2020 | Written by In Accountancy | Categories : CoronaVirus
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Job Support Scheme

The existing job support scheme, the furlough scheme, comes to an end on 31 October. As part of the Winter Economy Plan the government announced it will be introducing a new Job Support Scheme from 1 November 2020. For employers
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Ministers announce new grants for businesses affected by local lockdowns

12th October 2020 | Written by In Accountancy | Categories : CoronaVirus, News
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Ministers announce new grants for businesses affected by local lockdowns

Businesses in England that are required to shut because of local interventions will now be able to claim up to £1,500 per property every three weeks. To be eligible for the grant, a business must have been required to close
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Winter Economy Plan support for the self-employed

8th October 2020 | Written by In Accountancy | Categories : CoronaVirus
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Winter Economy Plan support for the self-employed

As part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension. The grant: will be limited to self-employed individuals who are currently eligible for the SEISS, and will be
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Self Assessment Tax Deferral – OPT IN!

5th October 2020 | Written by In Accountancy | Categories : CoronaVirus, Personal Tax, Small Business Advice, Tax Advice
Tagged in: self assessment,
Self Assessment Tax Deferral – OPT IN!

The Self Assessment Tax Deferral outlined in Rishi Sunak’s Winter Economy Plan last month will NOT be automatically applied. In addition to the news that the deferral for VAT payments outlined in Rishi Sunak’s Winter Economy Plan would not be
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Eat Out to Help Out – over 64 million meals

25th September 2020 | Written by In Accountancy | Categories : CoronaVirus
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Eat Out to Help Out – over 64 million meals

The government has announced that more than 64 million meals were enjoyed by diners across the country during the government’s Eat Out to Help Out discount scheme. The scheme closed on 31 August 2020. Government figures show that restaurants had claimed
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Winter Economy Plan

24th September 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Personal Tax, Small Business Advice, Sole Traders, Tax Advice
Tagged in: coronavirus, covid-19,
Winter Economy Plan

Rishi Sunak outlined his Winter Economy Plan this afternoon – below I have summarised what we know so far and what exactly that means for our small business clients. Winter economy plan – As not everything will apply to everyone,
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How do I close my Limited Company?

23rd September 2020 | Written by In Accountancy | Categories : CoronaVirus, Limited Companies, News, Small Business Advice, Tax Advice
Tagged in: HMRC,
How do I close my Limited Company?

How do I close my limited company is a question we have been asked multiple times over recent months, and for a variety of reasons. So maybe the first question to answer is why directors are considering closing their limited
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HMRC Latest guidance for employers

21st September 2020 | Written by In Accountancy | Categories : CoronaVirus, Pensions and Payroll, Small Business Advice
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HMRC Latest guidance for employers

HMRC has published the latest edition of the Employer Bulletin. This guidance for employers, and their agents, includes articles on: Coronavirus Job Retention Scheme and what employers need to do from August onwards making sure you are paying the correct
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Kickstart Scheme opens for applications

18th September 2020 | Written by In Accountancy | Categories : CoronaVirus, News, Small Business Advice
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Kickstart Scheme opens for applications

On 2 September 2020, the government’s £2 billion Kickstart Scheme opened for employer applications. The scheme is part of the Plan for Jobs announced during Chancellor Rishi Sunak’s July Summer Economic Update. The Kickstart Scheme aims to create work placements
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