Preparing to move out of lockdown – measures for businesses & individuals

With more than 70% of UK private businesses having furloughed their staff and other financial help sought in the forms of loans and rate holidays, businesses should now plan for their post-lockdown futures. Many office-based roles will be done more remotely, prompting the need for a serious rethink about location and IT. Amongst all the uncertainty, here are some steps … Read More

A summary of help for businesses & individuals affected by the Coronavirus

This is our summary page with useful links and info to help those affected by the Coronavirus. HMRC Coronavirus Helpline 0800 0159 559 / 0800 024 1222 The Business Support helpline 0300 456 3565 Our summary of Help for businesses including info on the Job Retention Scheme, VAT payment deferrals, deferrals for filing statutory accounts, applying for finance under the CBILS and grants. … Read More

Coronavirus – insolvency rules relaxed

More flexible insolvency rules to help businesses affected by the coronavirus Under new insolvency rules announced by Business Secretary Alok Sharma, businesses will be allowed greater flexibility throughout the coronavirus crisis to continue trading. The measures are designed to give the affected company breathing space, whilst ensuring creditors get the best returns but the company still has access to supplies … Read More

Applying for a Coronavirus Business Interruption Loan

When applying for finance under the Coronavirus Business Interruption Loan Scheme (CBILS) our understanding is that you’ll need to pull together the information below before your application is considered. It’s worth noting that due to the high volume of enquiries, lenders tend to be dealing with existing clients first, so we advise you to approach your current bank if listed in … Read More

Coronavirus – deferral of VAT payments

VAT deferral As part of the Government’s package of support for businesses, the Chancellor announced that VAT payments can be deferred for 3 months until 30 June 2020. This is open to all VAT registered businesses in the UK and is an automatic offer with no applications required to access this support. Businesses will have until the end of the 2020/21 … Read More

Covid-19 – help for the self employed

Helpline for the self employed: 0800 024 1222 Financial help for the self employed and individuals affected by Covid-19 is now available and comprehensive guidance is found on the GOV website. The Self Employment Income Support Scheme (SEISS) is in the form of taxable grants for the self employed and summarised as follows: For the FIRST grant: HMRC will pay a grant … Read More

Help for businesses affected by the coronavirus

Following last week’s unprecedented Budget, Chancellor Rishi Sunak has announced further measures to help businesses cope with the financial fallout of the coronavirus pandemic. At a glance: HMRC Coronavirus Helpline 0800 0159 559 / 0800 024 1222 The Business Support helpline 0300 456 3565 Applying for a Coronavirus Business Interruption Loan (‘CBILS’) Job Retention Scheme – how it will operate Job retention … Read More

Budget 2020 – Support for those affected by the coronavirus

Temporary measures to support the UK through the coronavirus Chancellor Rishi Sunak announced a series of temporary measures to support individuals and businesses during the coronavirus outbreak, stating that whilst the effects may be significant, the government believed they were only temporary. Help for businesses SME employers with fewer than 250 staff will be refunded up to 14 days of … Read More