Upcoming changes to CJRS and Self-Employment entitlements

Upcoming changes to CJRS and Self-Employment entitlements The chancellor has announced that changes to the Coronavirus Job Retention Scheme are being brought forward to 1st July, as well as a second grant being made available to self-employed persons. Coronavirus Job Retention Scheme The second phase of the CJRS is set to [...]

2020-06-01T11:09:47+00:00June 1st, 2020|Business, Coronavirus|Comments Off on Upcoming changes to CJRS and Self-Employment entitlements

Bounce Back Loan Scheme

Bounce Back Loan Scheme The update delivered by Chancellor Rishi Sunak on 27 April brought the announcement of an additional loan scheme aimed at small businesses affected by the coronavirus. The Bounce Back loan scheme will launch on 4 May and enables eligible companies to borrow between £2,000 and £50,000 (up [...]

2020-05-04T07:19:46+00:00April 28th, 2020|Business, Coronavirus|Comments Off on Bounce Back Loan Scheme

Self-employment entitlements

Coronavirus self-employment entitlements The chancellor has announced a grant scheme for self-employed individuals, which could see claimants receive up to £2,500 a month for the next 3 months. The grant will be calculated on their average monthly profits over the last 3 years, unless the individual has been trading for a [...]

2020-03-27T09:26:22+00:00March 27th, 2020|Business, Coronavirus|Comments Off on Self-employment entitlements

Job Retention Scheme and deferred VAT payments

Job Retention Scheme and additional payment deferrals With changes being announced every day, it can be a tough job to stay on top of all the updates. Boris Johnson’s Friday update included some big measures to help businesses and employees. Job Retention Scheme There was a lot of speculation before Johnson’s [...]

2020-03-30T10:46:09+00:00March 23rd, 2020|Business, Coronavirus|Comments Off on Job Retention Scheme and deferred VAT payments

COVID-19 guidance for small businesses

COVID-19 guidance for small businesses Since chancellor Rishi Sunak’s admission that the £12bn pledged in the budget to support the economy would not be sufficient, a £350bn package of grants and loans has been announced. We highlight the measures that the government are taking to support businesses and self-employed individuals across [...]

2020-03-24T12:26:17+00:00March 19th, 2020|Business, Coronavirus, Tax|Comments Off on COVID-19 guidance for small businesses

Coronavirus tax relief

Are you impacted by coronavirus and struggling to pay your taxes? A dedicated HMRC helpline for businesses and self-employed individuals who have difficulty with paying their tax due to coronavirus is now in operation. The number of the helpline is 0800 0159 559. The helpline can assist with all taxes, [...]

2020-03-23T10:12:25+00:00March 18th, 2020|Business, Coronavirus, Tax|Comments Off on Coronavirus tax relief