The Coronavirus Business Interruption Loan Scheme (CBIL) sounds great. 12 months interest paid by the government. The government will also pay any fees. Why isn’t every business applying? Maybe it isn’t quite as simple or straightforward as it ... [Continue Reading]
Furlough – Calculating what to pay
Calculating what an employee on furlough needs to be paid has led to a number of queries. Guidance has been issued and a summary might help. Cut off Only employees which were on the payroll on 28 February 2020 can be furloughed. This is the first ... [Continue Reading]
Self-Employed Covid-19 Help
The self-employed were the subject of the Chancellor’s announcement on Thursday. Anything is welcome but not everything is crystal clear. As with most of the initiatives announced, there are big question marks over some of the proposed ... [Continue Reading]
Furlough – A quick guide
Putting an employee on furlough is a great option for many businesses and employees. It gives employees a reasonable, certain, income in uncertain times. However, many employers are assuming that “furlough” is automatic. It isn’t and this could cause ... [Continue Reading]
VAT and Covid-19 info
Information and clarification is thin. The expected clarification announcement by the Chancellor did not take place. However, there are a few droplets of information being released. VAT Deferral Scheme HMRC are saying that no one needs to pay VAT ... [Continue Reading]
Coronavirus – recent info
This week has seen a lot of announcements from the government but there is often a lack of clarity. Precise and definite information is taking time to come out. We can understand this because of the number of changes and initiatives being announced. ... [Continue Reading]
Coronavirus – Additional aid for businesses
The Chancellor has announced additional aid for businesses to help them through disruption caused by the Coronavirus. We can’t find a lot of the detail about the proposals announced because they probably haven’t been finalised yet. Here is our ... [Continue Reading]
Coronavirus and your business
Probably the best business advice is to “protect your cash”. Cashflow is going to become a major issue for many businesses over the next few months because of Covid-19 or Coronavirus. Sales are likely to be down. Customers will also be experiencing ... [Continue Reading]
Coronavirus and staff – to pay or not to pay?
When do you need to pay your staff affected by coronavirus? That’s not straightforward. We’ve already had one client with an employee returning from China which made us research the question. With cases reported in other European countries the ... [Continue Reading]
Voluntary work for a charity
Charities need help and support A sole trader or a partner may do some voluntary work for a charity and may even provide materials. You may have done so, or know someone who has. If it is voluntary work, it doesn’t always mean that the cost of ... [Continue Reading]
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