(4 Minute Read) Changes to Off-Payroll working and IR35. What is it? Off-Payroll working is when a worker is not on the PAYE payroll. This worker could be providing their services through a Personal Service Company (PSC), which aims to sell their services to an end client. IR35 refers to the sets of legislation that… Read more »
(3 Minute Read) Final changes to Mortgage Relief for landlords. Is it time to transfer to a limited company? What is it? Relief on mortgage interest for landlords is being scrapped. The changes mean that all finance costs, not just mortgage costs, will no longer be an allowable expense. Instead you will have to make… Read more »
Find out about the next Self-employment Support Grant. What Is It? The Chancellor has announced a second grant for eligible self-employed people affected by Coronavirus. This will cover the period from June to August. The Chancellor also announced that this will be the LAST grant the government will give to people. Of the 3.5 million… Read more »
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 »
