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Economy Indicators: ONS Releases Covid Economic Survey

Good news for high street businesses – as the ONS has released figures to show that there has been another steady increase in footfall for high streets, and retail parks and shopping centers remain steady. The Office for National Statistics (ONS) has produced an economic survey on the impact of Coronavirus on 30th July. The…Read More

Grants Announced to Boost the Recovery of Small Businesses

It has been announced that thousands of smaller businesses in England are set to benefit from £20 million of new government funding. This will help SMEs recover from the effects of the coronavirus pandemic, the Minister for Regional Growth and Local Government has announced. How big will the grants be? Small and medium sized businesses…Read More

5 Business Support Resources for August 2020

The feedback from our clients has revealed that they are becoming more confident about their future. Having helped many clients work on their business plans over the last four months, it is pleasing to hear about the repurposing and pivoting going forward and to adjust to the “New Normal”.  If you have yet to review…Read More

VAT and the Chancellors Summer Economic Update

The Chancellor Rishi Sunak has announced the “Summer Economic Update”: where he unveiled further Government support as the “Second phase in the Government’s economic response to the crisis.” We’re also summarising the updates to the Job Retention Scheme, The Stamp Duty Tax Holiday and VAT updates. Coronavirus Job Retention Scheme (CJRS) and Job Retention Bonus…Read More

COVID-19: Flexible Furlough Claims Now Open

The Prime Minister shared the government’s further plans to reinvigorate the economy as a more localised approach to COVID-19 was introduced this week. Stock markets remain broadly positive as they reflect on the increasing level of stimulus being offered by central banks across the world. Understandably, many are agreed on where we want to go,…Read More

COVID-19: Insolvency Law Changes and Future Fund Criteria Expansion

Changes to the UK government’s Future Fund launch today – allowing more start-ups and innovative firms to apply for funding, and there have been major changes to the corporate insolvency process to give distressed businesses some breathing space. Flexible furlough starts 1 July 2020. So far 9.3 million jobs have been furloughed through 1.1 million…Read More

COVID-19: Relaxation Measures and Moratoriums for Struggling Businesses

On 1 July, a new phase in the Coronavirus Job Retention Scheme starts – flexible working which is a complicated process if your employees are working part time and you are claiming Furlough for the remainder of their time. For struggling businesses there is now a “moratorium” procedure in place to give space to think…Read More

COVID-19: Easing of Lockdown Restrictions and Business Updates

There is welcome news for the English hospitality sector and, if they can operate safely, they can reopen from the 4 July. There is also a new guide on the coronavirus job retention (CJRS) scheme: a step by step guide for employers. We are still awaiting specific details of what constitutes “Usual hours” for the…Read More

COVID-19: Flexible Furlough Begins and VAT Scheme Ends

As the Pandemic continues, the Government continually updates its business guidance. One essential reminder in this newsletter is to reinstate your VAT direct debit if you cancelled it as the VAT deferment scheme ends 30 June and it takes three days to reinstate a VAT direct debit (see below).    The Coronavirus Job Retention Scheme changes…Read More

CJRS Changes, SEISS Circumstances and Taxable Employee Expenses

We’ll be covering the changes to the Coronavirus Job Retention Scheme, how different circumstances affect the Self-Employment Income Support Scheme, and how to check which expenses are taxable if your employee works from home due to Coronavirus. Changes to the Coronavirus Job Retention Scheme See: https://www.gov.uk/government/publications/changes-to-the-coronavirus-job-retention-scheme/changes-to-the-coronavirus-job-retention-scheme How Different Circumstances Affect the Self-Employment Income Support Scheme …Read More

COVID-19: Local Authority Discretionary Grant Funding

Today we catch up with the launch of the Local Authority Discretionary grant funds in England, HMRC updates and how you can watch videos and register for the free Government webinars to learn more about the support available to help you deal with the economic impacts of coronavirus. Stay safe! Apply For The Coronavirus Local Authority Discretionary…Read More

COVID-19: Recovery Roundtables and Furlough Scheme Updates

The Government has turned its attention to looking at how the UK can best recover from the Pandemic. We’ll be covering the launch of ‘Recovery Roundtables’ for UK growth, updates to the Coronavirus Job Retention Scheme and which businesses and venues are reopening in the coming weeks. Business Secretary Launches Working Groups To Help Unleash…Read More

COVID-19: Expenses Guidance and Business Support

In our latest business support blog we outline details of the Government’s advice on how to treat certain expenses and benefits provided to employees during the Pandemic, and additional business support updates. Trade Credit Insurance Backed By £10 Billion Guarantee Government to provide guarantees of up to £10 billion to Trade Credit Insurance schemes for…Read More

COVID-19: June Newsletter and Updates

We’ll be detailing the latest Government supports and guidance –  the Furlough scheme is changing, and we will keep you updated about your record keeping requirements in due course. The self-employment support scheme has been extended, FAQ’s on what we can and cannot do have also been updated over the weekend and there are also…Read More

COVID-19: HMRC Updates and Workplace Guidance for NHS Test and Trace

We’ll be going over the official workplace guidance for NHS Test and Trace, HMRC form changes, government business support webinars and the latest restrictions lifted by the Prime Minister. NHS Test And Trace: Workplace Guidance  Guidance on the NHS test and trace service for employers, businesses and workers. The NHS test and trace service forms…Read More

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