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You are here: Home / Blog / Archives for Finance and Funding

Furlough Extension

30th May 2020

Furlough Scheme changes were announced by the Chancellor, Rishi Sunak, on Friday afternoon. This was followed by an emailed update later that evening and, subsequently, a Factsheet was issued. An extension to the Self-Employed Income Support ... [Continue Reading]

After the Lockdown? Plan now

17th May 2020

The Lockdown is here. It will be over eventually. What are you doing to plan? It’s amazing how many business owners are sitting back and waiting for the lockdown to finish, presumably thinking that everything will return to the way it was before. ... [Continue Reading]

Self-Employed Income Support – 80% Grant

5th May 2020

HMRC has released more information about claiming – and being paid – under the Self-Employed Income Support Scheme (SEISS). The major, and very important, point is that in order to apply for the grant, applicants must have a Government Gateway ... [Continue Reading]

Bounce Back Loans – an update

4th May 2020

Some information and clarification about the Bounce Back Loan Scheme was issued over the weekend. It goes "live" today (4 May) and applications can be submitted from today. Precise details about the underwriting process haven’t been published ... [Continue Reading]

Company Accounts – Get them in early

2nd May 2020

VAT flat rate scheme

Coronavirus is affecting the profits of most companies. Some will, unfortunately, become loss making. HMRC is quite readily allowing time to pay arrangements for corporation tax. A quick telephone call usually results in an extension of up to ... [Continue Reading]

Child Benefit – Register or risk losing it

1st May 2020

Quite a few people haven’t bothered to register for Child Benefit because they assumed there was no point because they would only have to repay it. Reductions in income because of coronavirus may bring them under the threshold where they don’t ... [Continue Reading]

Loans to small business made easier

28th April 2020

The Bounce Back Loan Scheme was announced yesterday (27th April) by Rishi Sunak. The scheme, intended for small businesses with a turnover of up to £200,000, should make it much easier for a business to borrow up to £50,000. Loans will be for ... [Continue Reading]

Extension to Furlough Scheme – and more on reclaiming it

18th April 2020

The Furlough Scheme (CJRS – Coronavirus Job Retention Scheme) was, unsurprisingly, extended in a government announcement yesterday (Friday 17 April). Originally set to run until 31 May, it has been extended to 30 June. The government has said it ... [Continue Reading]

Furlough Pay Reclaiming – An Update

16th April 2020

cashflow

Guidance on reclaiming furlough pay (Coronavirus Job Retention scheme – CJRS) has been updated by HMRC. This is a summary of the main changes. Change of date While not directly related to claiming, some of the dates have been changed, which will ... [Continue Reading]

Furlough pay claims

11th April 2020

Employers want to know about reclaiming furlough pay (CJRS – Coronavirus Job Retention Scheme). A little more information came to light following a meeting of The Treasury Select Committee where HMRC Chief Executive, Jim Harra, was asked ... [Continue Reading]

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