Following the widespread uptake of the Coronavirus Job Retention Scheme, the government announced that it would also launch a support scheme for the self-employed. Can you benefit? Open. The government’s Self Employed Income Support Scheme (SEISS) opened for claims on Wednesday 15 May. The scheme allows you to make a claim if your business has been … Continue reading Covid 19 -Self Employed Income Support Scheme
Category: Business
The Bounce Back Loan Scheme was launched on 4 May. Early reports suggest it is very efficient, with some claimants receiving cash within hours of application. What is it, and can you benefit? Smaller businesses have reported difficulty in accessing the Coronavirus Business Interruption Loan Scheme (CBILS). CBILS loans are only 80% guaranteed by the … Continue reading Covid 19 – Bounce Back Loan Scheme
Along with the HMRC we want to help you get ready to make a claim under the Coronavirus Job Retention Scheme. If you’re eligible for the scheme, there are things that you can do now to be ready when the system is up and running later this month. You’ll need to provide the following to … Continue reading Covid 19 – Job Retention Scheme & How to make a Claim
Claim for your employees' wages through the Coronavirus Job Retention Scheme Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave ('furlough') due to coronavirus (COVID-19).Published 26 March 2020Last updated 4 April 2020 — see all updates From:HM Revenue & Customs Contents Who can claimEmployees you can … Continue reading Covid 19 – Update of the Job Retention Scheme
There are restrictions on claiming the employment allowance (EA) from April 2020. What are they, are you fully up to speed with the basic rules and what enforcement risks do you run? Basic rules The employment allowance (EA) was introduced in April 2014 to support businesses and charities by cutting the cost of employers’ NI, so encouraging … Continue reading Changes to the employment allowance.
Regulations have taken effect which amend the Working Time Regulations 1998 to relax the current restriction on carrying forward untaken annual leave. What’s been amended and why? Under the Working Time Regulations 1998 (WTR), workers have a statutory right to 5.6 weeks’ paid annual leave. The WTR require that at least four of these weeks must be taken in … Continue reading Covid 19 – Relaxation of the statutory annual leave rules.
With a view to keeping you the right side of an HMRC penalty the deadlines for April 2020 are as follows: 5th April Last date day of 2019/20 tax year. Tip: Final chance to top up ISAs and pay pension contributions for 2019/20. Last date for sole traders and partnerships to incur capital expenditure on … Continue reading HMRC April Deadlines
The Government have now announced a scheme that assists the self-employed across the country during the COVID-19 pandemic. The Self-Employed Income Support Scheme will provide self-employed individuals a taxable grant worth 80% of trading profits, up to £2,500 a month for the next three months. It will also apply to members of partnerships. The calculations … Continue reading Covid 19 – Self-employed support.
The government has stated that it is committed to doing whatever it takes to support businesses and individuals through the Coronavirus pandemic. On 20 March as part of these efforts the Chancellor announced the Coronavirus Job Retention Scheme. This funding will be open to all employers with a PAYE payroll scheme that was created and … Continue reading Covid 19 – HMRC Update
Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.Published 25 March 2020 from:Department for Business, Energy & Industrial Strategy, Companies House , and The Rt Hon Alok Sharma MP From today (25 March 2020), businesses will be able to apply … Continue reading Companies to receive 3-month extension period to file accounts during COVID-19