If coronavirus means you can't pay a tax bill on time, the government is offering Time To Pay (TTP) as a way of easing cash flow problems. It is important to appreciate that TTP cannot be used to reduce tax liability. TTP is just that - it buys time, giving you breathing space and spreading… Continue reading Time To Pay Tax
As part of the government's measures to mitigate the economic damage caused by the coronavirus (COVID-19) lockdown, Chancellor Rishi Sunak has announced a micro loan scheme for small businesses. The Bounce Back Loan Scheme will allow small businesses adversely affected by COVID-19 to apply for up to £50,000, with the government guaranteeing 100% of the… Continue reading Government launches small business micro loan scheme
Face masksDoes your facemask fit properly? Will it work effectively? Is there any point in even wearing a face mask? Experts from HSE and PHE have carried out a rapid review of the evidence supporting the use of personal protective equipment (PPE) in healthcare and in the context of COVID-19. The conclusions drawn from the… Continue reading Health & Safety: COVID-19
The government's Coronavirus Job Retention Scheme went live on 20 April after Chancellor Rishi Sunak extended it until the end of June. The scheme allows businesses to furlough their employees, with the government paying 80% of their wages up to a maximum of £2,500. HMRC has emailed two million employers providing a link to a… Continue reading Coronavirus Job Retention Scheme goes live as it is extended to end of June
The government's Coronavirus Business Interruption Loan Scheme went live for applications on 23 March 2020. In the Budget, the Chancellor announced the implementation of the scheme, which will support the continued provision of finance to UK small and medium-sized (SME) businesses during the COVID-19 outbreak. Delivered by the British Business Bank, the scheme will temporarily… Continue reading Coronavirus Business Interruption Loan Scheme goes live
We are all homeworking & providing all our usual services. Areas where we are seeing an increased need for help; 1. Preparation of forecasts & loan applications. These are needed to assist businesses with cash requirements over the next few months .They are required to support business interruption loan applications which we are assisting with… Continue reading Business as usual, we are here to help.
Automatic interest is charged where PAYE tax, Student loan deductions, Class 1 NI or CIS deductions for 2019/20 are not paid by today. Penalties may also apply if any payments have been made late throughout the tax year. This deadline is relevant to employers who have made PAYE deductions from their employees’ salaries and to… Continue reading Tax calendar: April 19th 2020 Deadlines