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 Businesses Need To Reinstate VAT Direct Debits
Sole Traders to get second grant from the Government. The government’s Self-Employment Income Support Scheme will be extended, giving more security to individuals whose livelihoods are adversely affected by coronavirus in the coming months, the Chancellor announced on Friday 29 May 2020. Rishi Sunak announced the Self-Employment Income Support Scheme will be extended – with … Read more SELF-EMPLOYED GET SECOND GRANT FROM GOVERNMENT
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 Time to claim your grant if you are self-employed.
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 UPDATE ON CORONA JOB RETENTION SCHEME
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 Have you got a government gateway?
Business Interruption Loan Update We don’t have full details yet, but we wanted to let you know that the Coronavirus Business Interruption Loan (CBIL) Scheme is going to be revamped after it has come under considerable criticism. And this is very positive news for small businesses. As a firm we were personally very disappointed with … Read more Business Interruption Loan Update
What help is there for Sole Traders! Lockdown has most likely left you anxious about your future and desperate to find away to financially survive until June. Regardless of your political persuasion the government are doing there very best to help you get through. Click here to look at our blog issued after Rishi’s announcement. … Read more Help for Sole Traders
More information on the job retention scheme … Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked … Read more More Information On The Job Retention Scheme…
What did Rishi mean I get 80%? The government has at last announced a package of support for self-employed individuals and clarified more about how to access the coronavirus job retention scheme. Let’s start with the Coronavirus Job Retention Scheme: In terms of the clarified advice on the Coronavirus Job Retention Scheme, we have learnt: … Read more What did Rishi mean I get 80%?
Here to Help You and Your Business TOGETHER On Friday the 21st of March the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. The package of measures to support businesses includes: The Coronavirus Job Retention Scheme Deferring VAT and Income Tax … Read more Here to Help You and Your Business Together.