Month: April 2020

Bounce Back Loan Scheme announced

Updated 4th May 2020 Chancellor Rishi Sunak has announced today (27th April) an additional loan scheme for small businesses affected by Coronavirus, the Bounce Back Loan Scheme (BBLS). This is in response to ongoing criticism of the time being taken in approvals under the Coronavirus Business Interruption Loan Scheme. (CBILS). The key factors that you […]

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Furlough Payments are coming!

One of the biggest concerns for many clients and business owners over the last few weeks has been affording to keep their teams intact and to find the cash for payroll. The Coronavirus Job Retention Scheme was the Government’s solution, but we know¬†many business owners were struggling to cover March and April’s payrolls. HMRC’s portal […]

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Coronavirus Business Interruption Loans Update…

It was reported yesterday that 16,000 Coronavirus Business Interruption Loans (CBILS) have now been granted, out of the 300,000 initial enquiries. The process is lengthy, with the time requirement predominantly being around verifying the affordability of the loan. One Lloyds Bank Manager has said that IF he has a full pack of information and IF […]

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The Job Retention Scheme Portal – the story so far…

The Job Retention Scheme Portal opened on Monday 20th April at 8am, and to be honest we weren’t optimistic! Put a rushed HMRC system together with thousands of businesses and payroll agencies and, based on previous experience, we feared the worst. Given that the Self Assessment Website routinely falls over on the 30th and 31st¬†January […]

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Chaser announces a FREE debt collection service

Chaser are one of our preferred ‘bolt-on’ Debt Collection Apps for Xero, Quickbooks and Sage. It allows business owners to automate their debt collection process, and can be highly effective in improving cash flow and reducing the time the process takes. It also allows you to tailor the tone and customise the emails for each […]

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Job Retention Scheme Eligibility Date has been amended

The Government has extended the Job Retention Scheme Eligibility date from the original 28th February to the 19th March 2020. This means that any employees who were on payroll by 19th March can now be furloughed under the Coronavirus Job Retention Scheme. This will allow an expected 200,000 more employees to be able to receive […]

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Rebound Logo - an stylised image of the Coronavirus molecule, with a banner around it saying 'Rebound'

Visit our Rebound Resources page for free tools & guidance to help your business Rebound after Lockdown

CORONAVIRUS UPDATE: Please view our Coronavirus page for the latest news