Chancellor Rishi Sunak is set to announce an overhaul to the coronavirus business interruption loan scheme
Chancellor Rishi Sunak is reportedly set to announce an overhaul to the coronavirus business interruption loan scheme that will allow businesses better access to emergency loan finding. It has been widely reported that the current structure of loan schemes is not working as expected with banks pushing normal business loans, high interest rates and personal […]
Keep you eyes wide open when entering into any financial agreement for help
Firstly we would like to say this article is only to make you aware of the potential pitfalls currently faced by business people during the current crisis. If you are struggling financially then of course you should take the assistance available as we all still have bills to pay and families to feed but what […]
Full details of the coronavirus job retention scheme have now been announced by H M Revenue & Customs
Guidance for employers on the coronavirus (COVID-19) Job Retention Scheme The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. HMRC expect the scheme to be up and running by the end of April. It is designed to support employers whose […]
The Chancellor has announced measures aimed at financially supporting self-employed and freelance workers during the coronavirus crisis
The latest financial assistance measures for the self-employed and freelance workers has been announced by the chancellor. He has confirmed the support is similar the that received by employed workers however there is a significant delay in being able to claim.
Companies to receive 3-month extension period to file accounts
Companies House has confirmed 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. From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts. In our opinion this is no different […]
HMRC have confirmed businesses deferring their VAT will need to cancel their direct debits as payments will still be taken
Businesses looking to defer their VAT payments must act now and cancel their direct debits or payments will still be taken by HMRC. As mentioned on 20/03/20 VAT payments between 20/03/20 and 30/06/20 can be deferred until the end of the 2020/21 tax year. This will generally mean quarter payments normally made on 07/04/20, 07/05/20 and […]
Updated tax tables for the 2020/21 tax rates and allowances are now available to download
The 2020/21 tax rates and allowances are available to download here. Contact us if you would like a handy pocket size printed copy.
There could be good news for self-employed workers on its way this week?
As previously mentioned, self-employed workers have not received their fair share of support during the coronavirus crisis. As the UK wakes up to the most significant set of restrictions on British life in living memory we hope we have some good news to report. The Coronavirus Bill introduced to the House of Commons on 19/03/20 was amended […]
Self-employed in the UK? Where is your support from the Government?
The Governments financial support to the current coronavirus crisis has generally been good and there have been several measures to support UK businesses and employees. These measures will provide businesses and employees some comfort in these difficult time as reported in our previous articles of 18/03/20 and 20/03/20. There is a large group of UK workers who have […]
We are and will remain open for business but to assist with social distancing we are encouraging everyone to call us instead of visiting *UPDATED* our offices are now closed to visitors but we are still open and working remotely
As of Monday 23/03/20 our office will still be open but with only minimal staff. We are still working but most of our staff will now be working from home as advised by the Government. To assist with social distancing we would encourage our clients to call instead of visiting and stop the spread of the virus. […]