by Alastair Wood | Apr 28, 2020 | Uncategorised
The Bounce Back Loan Scheme was announced by the Chancellor on 27 April after some pressure from small businesses who were unable to access the Coronavirus Business Interruption Loan scheme (CBILS), backed by small business organisations like the FSB. The new scheme...
by Alastair Wood | Mar 27, 2020 | Uncategorised
Finally the government have announced a coronavirus self-employment income support scheme to assist those not in PAYE employment. The scheme will pay a taxable grant of 80% of your average profits of the last 3 years for the next 3 months, and this will be...
by Alastair Wood | Mar 25, 2020 | Uncategorised
There is much confusion about the Coronavirus Job retention scheme and the terms under which it can be operated. The questions that need clarifying are: What is a furloughed workerDoes it apply to directors tooHow much do I need to pay themWhat do I declare to...
by Alastair Wood | Mar 21, 2020 | Uncategorised
One of the announcements that was less publicised yesterday with the introduction of the Coronavirus job retention scheme was the Coronavirus VAT and tax deferral scheme. Payment will be expected in due course but it gives some breathing space and potentially some...
by Alastair Wood | Mar 20, 2020 | Uncategorised
In a massive boost for employers and employees the government has announced direct funding for employers to retain their staff on the payroll the Coronavirus job retention scheme, and this includes bringing back people already laid off or made redundant. The...
