4 MAY 2020 Apply For A Business Bounce Back Loan (BBBL) The Bounce Back Loan scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The government guarantees 100% of the loan and there will not be any fees or interest to pay for the first 12 months. Loan terms will be up […]
The Chancellor, Rishi Sunak announced earlier this week that small businesses will be eligible for new loans from next week to borrow between £2000 and £50,000. The Bounce Bank Loan scheme will be open from Monday 4th May and will be backed by a government guarantee. For further information please see Gov.UK
The Government have issued full details and a guide to the Coronavirus Job Retention Scheme The step by step guide takes claimants through five sections: Step 1: Essential information Step 2: Before you make your claim Step 3: Calculating your claim Step 4: Making a claim Step 5: What to do next The full guide […]
Like the CJRS scheme for employers the initial HMRC guidance on the grant scheme to support the self-employed and members in partnerships was also very sketchy. In outline the Self-Employed Income Support Scheme (SEISS) allows the self-employed to claim 80% of their average profits for the period up to 2018/19 limited to £2,500 a month, […]
The Coronavirus Job Retention Scheme (CJRS) claims portal opened on Monday 20 April and early indications are that it seems to be working smoothly but with a few teething problems as you would expect from a brand-new system. In the run up to the start of the system there was limited detail from HMRC on […]
Keep in touch with all your customers and, make sure when you are agreeing sales, that everyone is clear when and how that sale will be paid Talk to your suppliers and agree payment terms with them that are realistic. This will reduce the amount of time spent in dealing with calls and emails chasing […]
As office holders, salaried company directors are eligible to be furloughed and receive support through this scheme. Company directors owe duties to their company which are set out in the Companies Act 2006. Where a company (acting through its board of directors) considers that it is in compliance with the statutory duties of one or […]
8 April 2020 Charities across the UK will receive a £750 million package of support to ensure they can continue their vital work during the coronavirus outbreak, Chancellor Rishi Sunak announced. £750 million pot for frontline charities across the UK – including hospices and those supporting domestic abuse victims £360 million direct from government departments […]
1 APRIL 2020 The government plans to introduce emergency changes to overhaul insolvency laws and give “breathing space” to companies hit by the coronavirus crisis, Alok Sharma, the business secretary has announced, in a move to help prevent mass failures. Laws that make it illegal for a business to trade when it is insolvent are […]
25 MARCH 2020 The Government is introducing a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible. You are eligible for the […]
