The guidance for the Coronavirus Job Retention Scheme was published last Thursday. That guidance does not expressly exclude Directors from being furloughed, and we’ve been trying to get clarification of the position. The specific line in question states ‘to be eligible for the subsidy, when on furlough, an employee can not undertake work for or on […]
Read MoreMonth: March 2020
Coronavirus – Your questions answered – Self Employed, Directors, Loans and more!
Everyone is in their own, unique position at the moment, but some of the questions that we’re being asked are more common. I thought I’d cover those here for you. Watch the video for answers around: – The Self Employed Income Support scheme, announced last night. – Directors and the Coronavirus Job Retention Scheme. (Link […]
Read MoreCoronavirus – Self Employed Income Support Scheme announced
Chancellor Rishi Sunak has just announced the long awaited Self Employed Income Support Scheme as part of the daily Coronavirus briefing. This will apply to 15.3% of the workforce. This will be a taxable grant, calculated at 80% of the average monthly profits shown on your tax returns for the last three years, up to £2,500 […]
Read MoreCoronavirus – Today’s updates – Grants, Loans, VAT & more
BUSINESS SUPPORT GRANT FUNDING GUIDANCE The Guidance around the Business grants has been launchd, enabling Local Authorities to start the implementation. You can find that guidance here. These grants should be issued automatically, without the need for businesses to claim. We will obviously be keeping an eye on this, but at the moment have no […]
Read MoreCompanies House announces 3 month accounts filing deadline extension
Companies House has announced a 3 month accounts filing deadline extension to help companies avoid late filing penalties in the wake of Coronavirus. Businesses that are dealing with the impact of Coronavirus are being granted an extension to the filing deadline from today, 25th March. How will this work? Companies will need to apply for […]
Read MoreCoronavirus – pick up the phone! ☎️
As you can imagine, we’re having lots of conversations with Businesses owners who are being affected by social distancing, and now the lock down of the UK. Most businesses have had to close their doors. Cash flow has dropped like a stone and they are rightfully worried. In an earlier post, I talked about the […]
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