In his budget, Rishi Sunak has chosen a fine line between raising taxes to start paying down the massive Government borrowings but at the same time stimulate economic recovery and save jobs. Due to the government’s promises not to raise income tax, VAT and national… Read More »Budget and Covid Support Summary
Research & Development is a subject which is often in the news, and was mentioned again in the most recent budget. It is an area which, when used properly, can be beneficial for limited company businesses. It can reduce taxes now or in the future,… Read More »Research and Development Tax Claims and Credits
As many government guidelines, schemes and deadlines have seen a change in the last few weeks, please see below a summary of schemes that may be relevant to you. 1.VAT If you deferred paying any VAT that was due to HMRC between 20 March and… Read More »Summary of Schemes
As another part of Rishi Sunak’s ‘Plan for Jobs’ (see also Job Retention Bonus) the Kickstart Scheme has been launched. The scheme was designed to create new 6-month job replacements for young people. It is targeted at those that are dependant on Universal Credits and… Read More »Kickstart Scheme Grant.
The Coronavirus Business Interruption Loan Scheme (CBILS) targets small and medium-sized businesses with loans and financial support of up to £5million turnover. 80% of the finance is guaranteed by the government and they will pay any fees and interest for the first 12 months. Financial… Read More »Coronavirus Business Interruption Loan Scheme
What is the Job Retention Bonus? As the Coronavirus Job Retention Scheme is closing on October 31st, many employers are left wondering, what comes next? This is where the new Job Retention Bonus comes in. At the end of January bonuses of £1000 will be… Read More »The Job Retention Bonus
As more and more people are making use of the many government support options now available, please see below an update of some of the latest changes or new schemes available. Coronavirus Job Retention Scheme The Coronavirus Job Retention Scheme will be available for an… Read More »Coronavirus Business Support Update
Below is an updated summary of the Coronavirus support and advice that has been issued by the government in recent weeks in response to the Coronavirus epidemic. In summary, the support is comprised of the following measures: Statutory Sick Pay – for employees that stay… Read More »Summary of Coronavirus Support – COVID-19
This post has been updated to 12:00 27/03/20 This post is a summary of the Coronavirus Job Retention Scheme( CJRS) – the detail can be found here. Details on a ‘ furloughed’ employee can be found in our blog post. Please note that HMRC have… Read More »The Coronavirus Job Retention Scheme( CJRS) – COVID-19
The Scottish Government has announced support measured for businesses worth £2.2 billion to limit the impact of COVID-19. This support and grants are there to help keep companies in business during this time of uncertainty. It is to protect jobs, prevent business closure and aid… Read More »How to apply for the Scottish Government Coronavirus Business Support Fund
This post is updated to 12:00 25/03/20 ‘Furlough’ of Employees who are not Working due to the Coronavirus Restrictions. In Summary, this relates to: Your Employees that have no work due to the Covid-19 Pandemic It relates to Employees that you wish to retain. It… Read More »Furloughed Workers – COVID-19
During the COVID-19 outbreak, employers and employees are naturally becoming concerned about the impact it will have on their incomes. How will statutory sick pay be affected and implemented? Business support available The Chancellor has set out a list of measures designed to support people… Read More »Statutory Sick Pay – COVID-19
