Another Furlough Update

Cup of coffee and laptop

CORONAVIRUS JOB RETENTION SCHEME (CJRS) UPDATE. From 1st July “Flexible Furlough” was introduced and the calculations and time recording of full-time, part-time and fully furloughed employees has become more complicated. Changes are occurring regularly as the Government and HMRC make clarifications to the scheme. If you have any queries regarding your claim talk to us … Read more

VAT – REDUCED RATE OF 5%

Pizza

VAT – REDUCED RATE OF 5% The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: hospitality hotel and holiday accommodation admissions to certain attractions The temporary reduced rate will apply to supplies that are made between 15 … Read more

What does Rishi’s mini budget mean for you?

Pictures of Rishi the UK's chancellor

We spent a large part of yesterday afternoon listening and reflecting on the budget update from the chancellor. In this blog, we will take you through what this actually means for you. If you furloughed a member of staff you probably received this excellent summary from the government of the changes being announced. (It’s probably … Read more

Businesses Need To Reinstate VAT Direct Debits

The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses need to take action to reinstate their direct debit mandates. The Institute of Chartered accountants in England and Wales (ICAEW) Tax Faculty has reminded its members. The VAT payment deferral means that all UK VAT-registered businesses have the … Read more

C19 Business News Update

Business news update

What’s Going On Now? As time goes on it is getting harder and harder to keep track of all the Government changes. We have put together this blog to summarise the latest changes.  STAYING ALERT AND SAFE (SOCIAL DISTANCING) Everyone’s actions have helped to reduce the transmission of coronavirus in our communities. Fatalities and infection … Read more

FLEXIBLE FURLOUGHING

Ballet dancers

Flexible Furloughing From 1 July 2020, Businesses will have the flexibility to bring previously furloughed employees back to work part-time – with the government continuing to pay 80% of wages for any of their normal hours they do not work up until the end of August. Businesses can decide the hours and shift patterns that … Read more

Time to claim your grant if you are self-employed.

The portal opens this week to claim your grant is you are self-employed. This is capped as a taxable lump sum of £7500. Once your claim is approved the money will be in your bank account within 6 working days. To check whether you are eligible for this grant click here. Directors of limited companies are NOT … Read more

UPDATE ON CORONA JOB RETENTION SCHEME

The government’s Coronavirus Job Retention Scheme will remain open until the end of October,  The key points announced by Chancellor Rishi Sunak are:  Coronavirus Job Retention Scheme will continue until end of October  furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500  new flexibility will be introduced from … Read more

Have you got a government gateway?

The help and advice that is available from the Government is forever changing. This is the latest update we have on how to apply for the self-employed grant.  For those who are eligible, you will receive an EMAIL, not a letter as we had thought. Be aware that there are lots of phishing emails out … Read more

Claim Your Small Business Grant – TODAY

The small business grant - are you eligible

Claim Your Small Business Grant – TODAY If your business is eligible for small business rate relief OR rural rate relief: Your local authority will provide you with a one-off grant of £10,000. (So, doesn’t need to be paid back).  If you are a retail, hospitality or leisure business: The government is giving you a … Read more