Coronavirus Statutory Sick Pay Rebate Scheme set to open for claims

May 21, 2020

The Coronavirus Statutory Sick Pay Rebate Scheme (CSSPRS), announced by the Chancellor at the Budget, is set to open for claims from Tuesday 26 May 2020, HM Revenue & Customs (HMRC) has said. The scheme enables employers with up to 250 ...

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Coronavirus Future Fund opens to applications

May 21, 2020

The Future Fund, which offers convertible loans of between £125,000 and £5 million to innovative companies facing financial difficulties as a result of the COVID-19 pandemic has opened. The fund is designed to support UK-based companies that have acquired at least ...

Blog, SMEs

One-third of SMEs ‘may never re-open’ after Covid-19, study reveals

May 20, 2020

One-third of small businesses believe they will never reopen as a result of Covid-19 disruption, according to the latest research. The finding forms part of the Federation of Small Businesses’ (FSB) new membership survey - a poll of more than 5,000 ...

Blog, HMRC, Personal accounting

Check your eligibility and make a Self Employment Income Support Scheme claim

May 14, 2020

HM Revenue & Customs is currently contacting eligible individuals regarding the Self Employment Income Support Scheme (SEISS) so that they can begin the application process. You may be eligible for the scheme if: Your trading profits are no more than £50,000, ...

Blog, HMRC

Self-Employment Income Support Scheme open for business

May 13, 2020

The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule. First announced in March, the landmark capital grant scheme is designed to help self-employed workers affected by Covid-19 recover from financial distress. According to HM Treasury, the ...

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Coronavirus Job Retention Scheme (CJRS) extended until October

May 12, 2020

The Chancellor, Rishi Sunak, has confirmed that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of October, with no changes until the end of July when employers currently using the scheme will be able to bring ...

Blog, HMRC, SMEs, Tax

COVID-19: The impact on company car benefit in kind

May 06, 2020

Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is the impact on the benefit ...

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Government reduces the penalty for Lifetime ISA withdrawals

May 05, 2020

With thousands of workers on lower incomes as a result of the coronavirus pandemic, it is not surprising that many individuals need to dip into savings to support themselves. Unfortunately, those with money saved in a Lifetime ISA (LISA) face a ...

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Eligibility for grant funding

May 05, 2020

By now many businesses eligible for grant funding from their local authority, either via the Small Business Grants Fund or the Retail, Hospitality and Leisure Grant Fund, should have been contacted to make them aware that they are eligible, with ...

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Get ready to claim the Self-Employment Income Support Scheme (SEISS)

May 05, 2020

HM Revenue & Customs (HMRC) will start contacting individuals who may be eligible for the Self-Employment Income Support Scheme (SEISS). The tax authority has said that from 4 May 2020 onwards it will begin reaching out to those who can benefit ...

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