Rishi Sunak announced big changes to the support packages offered by the government in the House of Commons today after growing demand from firms in tier two areas.
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Local Restrictions Support Grant Scheme
With Essex moving into Tier 2 high risk category and Wales introducing a “fire-break” lockdown, do you predict the Government implementing a second lockdown during the autumn half-term break? Covid19 is certainly not going any. Now is the time to learn if your business qualifies for the Local Restrictions Support Grant Scheme
Continue readingJob Support Scheme – further guidance
The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid19, to help keep their employees attached to the workforce. The scheme will open on 1 November 2020 and run for 6 months AND it has been expanded to provide temporary support to businesses whose premises have been legally required to close as a direct result of Coronavirus restrictions set by one or more of the four governments of the UK.
Continue readingChancellor expands furlough scheme – how will this effect you and your business?
Chancellor Rishi Sunak has just announced an extension to the Job Support Scheme, which is due to begin on 1 November 2020. Today’s announcement targets businesses who are required to shutdown due to local lockdowns and is in addition to the existing schemes announced. The final direction has still to be issued but the basics are set out below;
Last month, the government announced how the Job Support Scheme would contribute 1/3 of the shortfall of wages (capped at £697.72pm) for employees who were working reduced hours, but working at least 33% of their normal (pre-furlough) hours. The employer would contribute a further 1/3 of the shortfall, and the employee would forego the final third.
What the Chancellor’s ‘Winter Economy Plan’ actually means for your business
Rishi Sunak has unveiled his latest lockdown measures to help ease the financial burden on UK businesses during the Covid19 pandemic. Learn how the Job Support Scheme (which will sit alongside the Job Retention Bonus) may benefit your business after the Coronavirus Job Retention Scheme ends. Also find out about the latest Self-Employment Income Support Scheme, tax cuts, VAT and self-assessment payment deferrals plus the flexibility to pay back loans (Pay as You Grow).
Continue readingThe Cycle to Work Scheme – A healthy, green & tax-saving initiative
Are you keen to help your team be more fit and healthy?
Want to offer a very popular employee perk which provides the company with a 13.8% saving on class 1 national insurance contributions?
Is being green of important value to your business?
Continue readingFurlough (CJRS) is changing – Dates for Your Diary
The Coronavirus Job Retention Scheme (CJRS) and Furlough, a word you are used to hearing just recently, is changing and winding down over the next few months. The scheme is set to end on 31st October 2020. As an employer, you will have to start contributing towards the scheme from 1st September 2020. Here is your guide to the key dates to watch out for.
Continue readingCovid19 Update: Claims are open for second self employed support grant SEISS – are you eligible?
As of Monday 17th August, if you are self-employed and your business has been negatively affected by Covid19 and you are eligible, you can claim the second grant which cover 70% of your average monthly trading profits. As with the first SEISS grant this will be paid in a single payment covering 3 months capped at £2,190 a month or £6,570 in total.
Continue readingIf you are worried you have claimed too much or too little from the Coronavirus Job Retention Scheme
If you fear you have claimed too much (or not enough) from the Coronavirus Job Retention Scheme, find out what you need to do next
Continue readingCOVID19: Changes to the Coronavirus Job Retention Scheme (CJRS)
CJRS has changed. CJRS now falls into two distinct parts with different rules applying. This new version of the scheme is to support the return to work while also being sufficiently flexible to adapt to business needs, as well as those of employees needing time for childcare or to look after other relatives. Here is what you need to know.
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