Coronavirus Job Retention Scheme – the next steps

Posted in Blog, COVID-19 Knowledge Hub, Economy, SMEs, SMEs / Business | Posted on 27 May, 2020

The Government’s Coronavirus Job Retention Scheme (CJRS), also known as the furlough scheme, was recently extended until October, with no changes until August. But what happens next with the scheme?

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Maximum Government-backed loan amount for larger businesses increased to £200 million

Posted in Blog, COVID-19 Knowledge Hub | Posted on 21 May, 2020

The Government has announced an increase in the maximum amount that larger businesses can borrow under the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million. CLBILS loans are offered on

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Money laundering supervision payment deferrals and deregistration announced by HM Revenue & Customs

Posted in Blog, COVID-19 Knowledge Hub | Posted on 21 May, 2020

Businesses that require money laundering supervision from HM Revenue & Customs (HMRC) can receive a six-month payment deferral or deregistration where an annual fee is due between 1 May and 30 September 2020, it has

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Self-Employment Income Support Scheme receives 440,000 applications on day one

Posted in Blog, COVID-19 Knowledge Hub, Economy, HMRC | Posted on 18 May, 2020

The landmark Self-Employment Income Support Scheme (SEISS) recorded more than 440,000 applications on its first day, official figures have revealed.

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Self-Employment Income Support Scheme open for business

Posted in Blog, COVID-19 Knowledge Hub, HMRC | Posted on 13 May, 2020

The Self-Employment Income Support Scheme (SEISS) is now open for business, weeks ahead of schedule.

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Three in five charities take advantage of furlough scheme, study reveals

Posted in Blog, COVID-19 Knowledge Hub | Posted on 11 May, 2020

More than three in five charities have furloughed staff as a result of Covid-19 disruption, a major study has revealed. The figures form part of the weekly tracker by Pro Bono Economics (PBE), a weekly

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COVID-19: The impact on company car benefit in kind

Posted in Blog, COVID-19 Knowledge Hub, HMRC, SMEs, SMEs / Business, Tax | Posted on 6 May, 2020

Due to the coronavirus pandemic, many people in the UK are now working from home or have been placed on furlough leave, meaning that they are not using their employer-provided company car. But what is

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By your side during challenging times – it’s business as unusual

Posted in Blog, COVID-19 Knowledge Hub | Posted on 6 May, 2020

This is a reminder that we are open for business and fully committed to helping you through this difficult period. We are focussed on ensuring that our clients have all the support needed to deal

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Covid-19: New guidance aims to support charities in financial distress

Posted in Blog, COVID-19 Knowledge Hub | Posted on 5 May, 2020

The Charity Commission has published new “in-depth guidance” for organisations struggling financially due to Covid-19 disruption. The new guide, found here, considers the practical steps a charity should take when facing “serious financial difficulties”. As

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Zero-rate of VAT applied to sales of PPE from today

Posted in Blog, COVID-19 Knowledge Hub, HMRC, SMEs, SMEs / Business, Tax | Posted on 1 May, 2020

The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced.

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