We’re all scarmbling to decipher the new rules for the extended job retention scheme. In a nutshell, we think it means the following: Employees who were not furloughed before can be. Their furlough pay is based on the pay and hours in October 2020. The rules for previously furloughed employees stays the same. The percentage […]
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£20 million of new funding has just been made available: The Minister of Regional Growth and Local government announced on 30 July 2020 that thousands of smaller businesses in England are set to benefit from £20 million of new government funding to help them recover from the effects of the coronavirus pandemic. Small and medium […]
There is a new grant scheme for small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund. They may be eligible for the Discretionary Grants Scheme. What you could get You could get a discretionary grant of £25,000, £10,000 […]
The government has provided guidance for businesses on how to make workplaces as safe as possible during the CoronaVirus pandemic. For more information on how your industry/workplace is affected please follow the relevant link below. Specific Guidance Construction and other outdoor work Factories, plants and warehouses Labs and Research Facilities Offices and contact centres Other […]
The CoronaVirus Job Retention Scheme has been extended until the end of October. What is the CJRS? Visit our blog page for more information on the original scheme here What has changed Extended until October (originally May, subsequently extended until June) Furloughed workers will continue to receive 80% of their current salary, up to £2,500 […]
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 […]
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 […]
We’ve helped two clients out recently who started out in business, were successful, took on staff and found themselves a year later with lots of sales but much reduced profits – with key (supposedly trusted) members of staff earning more than the owners. How does this happen? And how can it be avoided? The point […]
The provision of accountancy services is mostly unregulated for owner managed businesses. Anyone can say that they are an accountant without being qualified or registered and we often hear about tax and accounting advice passed down from sages (excuse the pun) at the local pub. We know that there is a huge choice of accountants […]