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Self-Employment Income Support Scheme – second grant

Self-Employment Income Support Scheme – second grant

If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19), you may be able to claim a grant through the Government’s Self-Employment Income Support Scheme. Applications for the second and final grant are now open if your business has been adversely affected on or after 14 July 2020....

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Changes to CJRS from 1 September

Changes to CJRS from 1 September

There are changes to the Coronavirus Job Retention Scheme (CJRS) from 1 September.  Employers need to know that: From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. You will still need to pay your furloughed employees at least...

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Job retention bonus announced

Job retention bonus announced

The government is introducing a new Job Retention Bonus (JRB) to provide additional support to employers who keep on their furloughed employees in meaningful employment, after the government’s Coronavirus Job Retention Scheme ends on 31 October 2020. The JRB is a one-off payment to employers of £1,000 for every employee who they previously claimed for...

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New funding for small and medium businesses

New funding for small and medium businesses

The Minister for Regional Growth and Local Government, Simon Clarke MP, has announced £20 million of new funding to help businesses across England get back on track. Small and medium sized businesses will have access to grants of between £1,000 – £5,000 to help them access new technology and other equipment as well as professional,...

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Government support – new CJRS videos and webinars

Government support – new CJRS videos and webinars

You can now watch videos and register for free webinars to learn more about the support available to help your business deal with the economic impacts of coronavirus. Follow the link below to watch a YouTube video about the Coronavirus Job Retention Scheme (CJRS).  The video gives guidance on the Job Retention Scheme which helps support businesses...

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HMRC reminder – deferring of VAT payments ends on 30 June

HMRC reminder – deferring of VAT payments ends on 30 June

As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20 March and 30 June 2020 can be deferred until 31 March 2021. HMRC...

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Government launches micro loan scheme

Government launches micro loan scheme

Government has announced that businesses will be able to borrow between £2,000 and £50,000, and access the cash within days. Loans will be interest free for the first 12 months, and businesses can apply online through a short, simple form. Chancellor Rishi Sunak said the new Bounce Back Loans scheme will help bolster the existing...

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Business support – find out what you are due

Business support – find out what you are due

Coronavirus (COVID-19) support is available to many businesses; loans, tax relief and cash grants are all available from Government. Employers can apply for staff to get up to 80% pay if they can’t work and the self-employed can receive up to £2,500 per month in grants for at least 3 months. Head to the .gov...

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