Coronavirus Business Support – Our Latest Updates

The UK Government has taken unprecedented steps to support businesses affected by the economic impact of the Coronavirus pandemic, announcing billions of pounds of funding and finance to help them during these challenging times. Although some aspects of the Government’s plans are yet to be finalised, we are providing you with a roundup of the…

Preparations Checklist

To help you plan through this pandemic, we have put together a checklist to help you mitigate some of the business impacts: Consult with employees, on matters including: Statutory sick pay Coronavirus Job Retention Scheme Redundancies and layoffs Defer tax payments by establishing Time to Pay agreements with HM Revenue & Customs (HMRC), for: PAYE…

Business rates relief extended

Two significant elements of the measures announced by the Government to ease the financial impact of the Coronavirus crisis have been business rates reliefs and grants to certain ‘at risk’ businesses. These include grants for businesses in the hospitality, leisure and retail sectors, a grant for businesses that pay no or little business rates and…

Employment

Many businesses will be struggling with a variety of issues due to the impact of the Coronavirus outbreak, but a key consideration for many will be employment costs and staff safety. The Government has taken significant steps to help businesses protect jobs by introducing measures that seek to subsidise wages and provide refunds for those…

Coronavirus Self Employed Income Support Scheme (SEISS)

Following the announcement that businesses will be reimbursed by HM Revenue & Customs (HMRC) for 80 per cent of the employment costs of ‘furloughed’ workers for at least three months from March, the Chancellor has announced a similar scheme for self-employed individuals. The Self-Employed Income Support Scheme (SEISS) will pay self-employed individuals an amount equivalent…

Tax and Companies House Deferrals

As part of its measures to reduce the economic impact of the Coronavirus crisis, the Government has announced deferrals to a number of HM Revenue & Customs (HMRC) and Companies House deadlines to ease the strain on businesses and self-employed individuals. VAT VAT payments have been deferred by three months from 20 March 2020 until…

Personal Finances

The ongoing COVID-19 pandemic is having a significant impact on all aspects of individuals’ lives, not least their personal finances. During this difficult period, it is likely that your staff may look to you for advice if their own income is affected by the economic impact of this virus. To help them make sense of…