By Tom Maxwell In Advice, Blog, NewsPosted 30/04/2020 COVID-19 – Update 30 April – Training for Furloughed Staff Many businesses have taken advantage of the furlough/job retention grant scheme in order to reduce short term costs whilst they get to grips with the effects of the pandemic. Whilst on furlough, [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 29/04/2020 COVID-19 Update – 29 April – Some UK banks ease CBILS requirements Following the Chancellors announcement, offering 100% guarantees on ‘Bounce Back’ loans for the smallest business, the UK’s largest banks have stated they will ease lending requirements. This [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 28/04/2020 COVID-19 Update – 28 April – New small business micro-loan scheme announced On the 27 April, the chancellor announced they will introduce a Bounce Back loan scheme to enable small businesses to apply for up to £50k if they have been affected by the coronavirus measures. [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 21/04/2020 New financial support for innovative firms hit by Coronavirus Last night the Chancellor announced a package of £1.25 billion funding, across two incentives, for innovative firms hit by Coronavirus. Below is an overview based on the initial announcement, but [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/04/2020 COVID-19 – Update 20 April – Furlough Job Retention Scheme – now open for online claims We are now able to make claims on our client’s behalf where we provide them with a fully managed payroll service. In almost all cases the HMRC authorisation is already in place, but there is a [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 20/04/2020 COVID-19 Loan Scheme expanded for large businesses (T/O>£45M) The Government has announced the expansion of the loan scheme for large businesses, so all viable firms are covered. These changes will complement the existing support available such as the Covid [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 17/04/2020 COVID-19 – Update 17 April – Self Employed Income Support Scheme (SEISS) In addition to our original post on SEISS, which can be found here, the government has released further information on this scheme. Here is what we know: The online service you will use to make [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 16/04/2020 More Pain for Property Developers It remains to be seen what impact Covid-19 and the lockdown procedures will have on the housing market going forward but certainly many property developers, particularly at the smaller end of the [...] 0 Read More
By Tom Maxwell In Advice, Blog, NewsPosted 16/04/2020 Latest information on Furlough Job Retention Scheme (JRS) Yesterday the government released further information on the Coronavirus Job Retention Scheme, surrounding payroll dates and eligibility. Our experts explain the impact of the changes below and [...] 0 Read More
By Tom Maxwell In Blog, NewsPosted 08/04/2020 COVID-19 Funding Competition To help businesses respond to new and urgent needs during and following COVID-19, Innovate UK is giving UK registered businesses the opportunity to apply for a share of up to £20m. Grants of up [...] 0 Read More