Find out how employees could be better off thanks to the Government’s furlough scheme. What is furlough? The Government’s furlough scheme allows companies to retain staff through the Coronavirus, whist the government pays up to 80% of the employee’s wages. How can employees be better off? During the period of furlough the employee cannot work… Read more »
Posts Tagged: accountants
£50,000 Quick, Easy, No Security
How the government’s new “bounce-back loans” can help you. What are they? These new “bounce-back loans” are 100% government-backed loans for small businesses. They are aimed at unblocking the backlog of credit checks by banks amid fears that small firms could fold before getting the loans they need. Key Features Starting Monday 4th May 2020… Read more »
Coronavirus Business Interruption Loan Scheme
The scheme is now open for applications. All major banks are offering this scheme. The scheme is delivered through commercial lenders, backed by the Government-owned British Business Bank. The CBILS guarantee is to the lender and not the business. Under this scheme, the Government provides the Lender a guarantee for 80% of the loan. As… Read more »
Coronavirus Business Aid
Find out what we know about how the Government plans to help your business through the Coronavirus Outbreak. Coronavirus Job Retention Scheme (CJRS) CJRS means all employers will be able to access support to pay part of employee’s salaries to avoid making them redundant during this crisis. This pay will be backdated to 1st March… Read more »
Corona Virus Cash Help
Find out how the government is helping your business through the Corona virus. The Chancellor announced an expansion of Business Rates Relief. The current retail discount of 50% will be increased to 100% for 2020-2021, meaning nearly half of all properties in England will pay no business rates for the year. As well as increasing… Read more »
Big Changes with Employment Allowance
The current rules on employment allowances are undergoing big changes in April 2020. From April 2014 employers have been entitled to £3,000 off their National Insurance bill. But from April 2020, employers will only be eligible if their total secondary Class 1 NIC liability was under £100,000 in the previous tax year. This… Read more »