Information on the Job Support Scheme is sketchy to say the least. The scheme was only announced yesterday and the Factsheet issued by HMRC shortly afterwards is relatively short (four pages). It refers to further guidance to follow. If you want ... [Continue Reading]
Receipt Bank
Receipt Bank is a facility we provide to our clients - to help them improve profitability. A quick way to improve small business profitability. Ask yourself these questions - then read on, or contact us. Improve accuracy, reduce time and make ... [Continue Reading]
VAT Rate Reduction
VAT on sales is being reduced for hospitality, hotel and accommodation and attractions businesses. The reduction is substantial – down to 5%. It is effective from Wednesday – 15 July – and will last until 12 January 2021. Both these dates are in the ... [Continue Reading]
Eat Out to Help Out
Eat Out to Help Out starts in August. A 50% discount to your customers should help. To qualify for government support for the scheme, your business needs to be registered. Registration starts on Monday, 13 July. If you want to be able to offer the ... [Continue Reading]
Brexit – Don’t forget it!
Brexit has taken a bit of a back seat but changes which will affect thousands of businesses will apply from 1 January 2021. Businesses trading online or by mail order will be the primary ones affected, and the changes will be significant. The ... [Continue Reading]
Furlough – July 2020
The guidance for the Furlough scheme (CJRS) has been updated on 12 June, as promised. However, the updated guidance still leaves questions unanswered. This is an outline of the main points of the scheme from 1 July: Claim periods must be for ... [Continue Reading]
SELF-EMPLOYED SUPPORT
An extension to the Self-Employed Income Support Scheme (SEISS) was announced by the chancellor, Rishi Sunak, as part of his announcement on Friday. Many representations have been made and the government has listened. The scheme is being ... [Continue Reading]
Furlough Extension
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
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
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]
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