Hot Topic: Updated Job Support Scheme

As part of the Winter Economy Plan Chancellor Rishi Sunak announced the introduction of the government’s new Job Support Scheme Open (JSS Open). The JSS aims to protect jobs and support businesses over the coming months. Following the initial announcement, the Chancellor announced an extension of the JSS.  The Job Support Scheme Closed (JSS Closed)… Continue reading Hot Topic: Updated Job Support Scheme

Hot Topic: Job Support Scheme

As part of the Winter Economy Plan Chancellor Rishi Sunak announced the introduction of the government’s new Job Support Scheme Open (JSS Open). The JSS aims to protect jobs and support businesses over the coming months. Following the initial announcement, the Chancellor announced an extension of the JSS.  The Job Support Scheme Closed (JSS Closed)… Continue reading Hot Topic: Job Support Scheme

Winter Economy Plan support for the self-employed

Photo by Burst on Pexels.com As part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension. The grant: will be limited to self-employed individuals who are currently eligible for the SEISS, andwill be available to individuals who are actively continuing to trade but are… Continue reading Winter Economy Plan support for the self-employed

COVID-19: delay to VAT reverse charge on construction services

On 5 June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services, due to the impact of the COVID-19 pandemic on the sector. The change will now apply from 1 March 2021 and will overhaul the way VAT is payable on building and construction invoices as… Continue reading COVID-19: delay to VAT reverse charge on construction services

Health & Safety: COVID-19

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

Coronavirus Job Retention Scheme goes live as it is extended to end of June

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

Coronavirus Business Interruption Loan Scheme goes live

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

Business as usual, we are here to help.

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.

Tax calendar: April 19th 2020 Deadlines

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

Chancellor unveils help for self-employed workers

On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis. Under the scheme the government will pay self-employed people a taxable grant based on an average of their earnings over the past three years. The grant will cover up to 80% of earnings… Continue reading Chancellor unveils help for self-employed workers