On Friday (29th May) the chancellor announced that a further grant would be made available to the self-employed whose businesses have been affected by Covid-19. This was anticipated given that Rishi Sunak had previously announced that the Job Retention Scheme available to support Employers and Employees would be extend to 31 October 2020, and so […]
On Friday (29th May) the chancellor, Rishi Sunak, announced the further details we have been waiting for to explain his plan to extend the Coronavirus Job Retention Scheme to October 2020. The announcement covered two alterations to the scheme – flexible furloughing and the requirement for employers to make some contributions towards the payments made […]
From 6 April 2020, a number of changes to capital gains tax came in that impact on both the main residence reliefs available when a property is sold, as well as the reporting of disposals of residential property to HMRC by UK residents. Particularly in the case of the latter, there does not seem to […]
Rishi Sunak has today (12th May) announced that the Coronavirus Job Retention Scheme will be extended until the end of October, although there will be some changes to the scheme from August onwards. The extension to the scheme will mean that furloughed workers will continue to receive 80% of their salary, up to £2,500 per […]
As reported on our earlier article on the 27 March 2020, the chancellor announced the government’s support package for the self-employed, with a view to equalising the support to the self-employed and employed. As with most of the support measures, the detail on this scheme has been refined since the initial announcement, and we have […]
The government announced last night (27 April 2020) that they will be introducing a new Coronavirus loan scheme to compliment their current measures (CBILS and CLBILS) see here The latest offering in the government’s suite of financing packages is The Bounce Back Loan Scheme which is aimed at Small and Medium sized businesses (SMEs). SMEs […]
You should be taking this for granted The government have announced two grant schemes to help small businesses and businesses in the retail, hospitality and leisure sectors. Qualifying businesses should ensure they are receiving this funding if they meet the eligibility criteria, as this is a cash lifeline that could make a difference. Grants Available […]
As reported on our earlier article on the 27 March 2020, the chancellor announced the government’s support package for the self-employed, with a view to equalising the support to the self-employed and employed. As with most of the support measures, the detail on this scheme has been refined since the initial announcement, and we have […]
With many businesses unable to trade, forced to close temporarily, or operating on a reduce scale at present, preserving cash flow is one of the most important strategies that a businesses should be focusing on to ensure they can weather the Covid-19 storm. Although businesses may have cash available now, they must consider how long […]
The Government has proposed a number of relaxations to the UK’s Insolvency laws, including an announcement that wrongful trading rules will be temporarily relaxed, retrospectively from 1 March 2020, for three months. Ordinarily, where a company continues trading where insolvency is likely, the company’s directors can be held personally liable for debts incurred whilst “wrongfully […]