The Bounce Back Loan Scheme will enable small businesses affected by the pandemic to borrow between £2,000 and £50,000 in an initiative described by the Chancellor as “an easy solution for those in need of smaller loans”. What is the benefit? Loans of between £2,000 & £50,000 are available to businesses. Businesses can apply for 25% of […]
Monthly Archives: April 2020
08
Apr
Apr
HMRC is now allowing agents (such as accountants who run your payroll) to make furlough claims for clients. However, it’s not necessarily all plain sailing. If you know you want to make a furlough claim, you need to start preparig now especially if you or your accountant does not have access to your business’ online […]
01
Apr
Apr
The government has got 40 banks to offer the loan scheme. It sounds good but we already think only the most robust of businesses will be successful in getting loans or overdrafts. What is the benefit? Loans of up to £5 million are available to businesses with terms up to 6 years. There is no […]
01
Apr
Apr
Grants for the retail, hospitality and leisure sectors What is the benefit? A grant (which does not have to be repaid): of up to £10,000 for eligible businesses wiich pay rates on properties up to a rateable value of £15,000 of up to £25,000 for properties with a rateable value between £15,000 and £51,000 Eligibility […]
01
Apr
Apr
The government has launched a statutory sick pay relief package for Small and Medium sized Enterprises. Scheme details HMRC will cover up to 2 weeks Statutory Sick Pay Employers with <250 employees will be eligible Employers should maintain records of who is off and when A “Fit note” from a doctor is not required SSP […]
01
Apr
Apr
The governement has launched a Self Employed Income Support Scheme which is running for 3 months (from March to the end of April). Who is eligible? Self employed people (individuals, partners) who filed a 2018/19 self assessment income tax return, People who earn a majority of their income from self employment People with self employment […]