Author: Philip

Job Support Scheme Announced

The Chancellor has recently announced the replacement to the existing furlough scheme. The new Job Support Scheme will come into force on 1 November 2020. According to the very limited information currently available, “the Government will pay a third of

Furlough support reducing to 70% from 1 September.

Although the amount of furlough to be paid by employers to their furloughed staff remains at 80%, the amount employers can reclaim from the Government reduces to 70% from 1 September 2020, so employers have to fund the 10% difference

Emergency Covid Funds Worth £1.5bn unclaimed

Small businesses and self employed are being urged by The Federation of Small Businesses (FSB) to claim emergency funds which are currently sat in local authority bank accounts and will be otherwise repaid to Government at the end of the

Self Employed Income Support Scheme (SEISS) Second Payment

Eligible self-employed people will be able to claim a second and final SEISS grant in August; this will be a taxable grant worth 70% of their average monthly trading profits for three months, paid out in a single instalment and

Deadline looming to start furlough

10 June is the final day an employer can furlough an employee for the first time. The Coronavirus Job Retention Scheme closes to new entrants on 30 June. After this date, only employees who have been furloughed for at least

Self Employed Income Support Scheme (SEISS) Upate

The Chancellor, Rishi Sunak, has just announced changes to the Self Employed Income Support Scheme for those whose trade continues to be adversely affected by Covid-19. Eligible self-employed people will be able to claim a second and final SEISS grant

Furlough Scheme Changes

The Chancellor, Rishi Sunak, has just announced changes to the Covid Furlough Scheme. From 1/7/20, employees who were previously furloughed can return to work on a part time basis. This is a very welcome change for small business directors who

Re-starting your business

Now that we’re slowly coming out of lockdown, it’s time to start to plan re-starting your closed business. Whilst many small businesses could legally have stayed open throughout the lock-down, many closed, either because of social distancing (staff and/or customers),

New ‘top-up’ grants available for left-out firms

The government has made an extra £617m available to a range of businesses not previously covered by business rates holidays or support grants. The new discretionary ‘top-up’ fund caters for small businesses with ongoing fixed property costs. The kinds of businesses that

HMRC Webinars for Self Employed Income Support Scheme

HM Revenue & Customs are running webinars on applying for the Self-employed Income Support Scheme #SEISS, you can sign up here: https://register.gotowebinar.com/rt/4081320498512977155?source=Apr-HMRC-DCS-SEISS-SE-5&fbclid=IwAR1SejJ4QGayN0XfcMZ8ifSqc3CmMeih4urLDQ7utyJ9eVG1082WoWS0_yA

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