Here are a list of updates we have issued to our clients throughout the Corona Virus pandemic. They contain information on grants and loans available, tips for making your money last and preparing your business to start back up after the lockdown. They are issued in date order, based on when government advice became available.
If you are worried about the impact Corona Virus has had on your business and would like to talk to us about the support available for you, please book a free 10 minute consultation.
A reminder of the two main support schemes offered by the government, as well as information on the Job Retention Bonus scheme. There are important dates you need to be aware of so you can claim what you are entitled to
The government has announced extensions to two of the main support schemes for employees and self employed. There are important changes and dates you need to be aware of so you can claim what you are entitled to
The governments Job Retention Scheme (i.e. 80% of employees pay for furloughed workers) will stay in its current form until 31st July 2020. However, from 1st August 2020 it will be modified to add flexibility to allow people to return to work. The details behind this will be released at the end of May.
Our attention now shifts to getting back into work and opening your businesses up. It is important we all work safely during the Corona Virus. The government has issued guidance for eight sectors to work safely during this period.
The grant scheme for Income Support based on 80% of your self-assessment income will open on the 13th May. We recognise a lot of people have been waiting for this one, so to prepare you, there are some things in this PDF you need to do ahead of time:
The government have released another form of borrowing, Corona Virus Bounce Back Loan. If you have not been entitled to any other support, or not yet able to claim (e.g. Income support grant) as the scheme is not open yet, this may be an option to obtain funding:
HMRC have issued more guidance in preparation for making a claim under the Job Retention Scheme (i.e. claim 80% of your employees’ wages). If you have employees, please follow these steps in the PDF and have the information ready when the scheme opens:
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