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 readingAuthor Archives: Amy Thompson
If 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.
Continue readingCOVID19: Proposed changes to the Coronavirus Job Retention Scheme (CJRS)
Latest COVID19 Job Retention Scheme CJRS proposed changes – announced 29 May 2020 – The Chancellor has announced the government’s plans to change the CJRS which will now be re-engineered to support businesses sending staff back to work. Employers will be able to put staff on part-time furlough, claiming the CJRS grant for a portion of their salary.
Continue readingCOVID19: Disincorporation – what you need to know before dissolving your limited company
The ongoing lockdown may be the catalyst for many limited company owners to change their business model in order to survive or to create a simpler way of working. One option is to disincorporate – in other words, dissolve the limited company and, if the business is still viable, operate as a sole trader instead.
Continue readingCOVID19: URGENT update Job Retention Scheme qualifying date has changed
Change to qualifying start date for employees – The government have given further guidance on the Coronavirus Job Retention Scheme (JRS). The qualifying date, when the employee has to have been on the employer’s payroll, has changed from 28th February to 19th March 2020.
Continue readingCOVID19: Financial help available for self-employed individuals – what you need to know
COVID19 Update: 7th April 2020 – We have outlined some clarifications for you regarding the financial help available if you are a self-employed individual – Self-Employment Income Support Scheme – here is what you need to know:
What you need to know
Continue readingCOVID19: Latest Job Retention Scheme updates – furlough facts
COVID19 Update: 6th April 2020: The government has now published further guidance on the Coronavirus Job Retention scheme – here are the most important clarifications and latest changes to the Job Retention Scheme – furlough facts below:
Continue readingCOVID19: Changes made to Coronavirus Business Interruption Loan Scheme to benefit more businesses
COVID19 Update: 3rd April 2020 Changes have been made to Coronavirus Business Interruption Loan Scheme to benefit more businesses
The emergency loan scheme announced by the chancellor during the budget (CBILS) has been revamped following strong criticism that banks were taking advantage of the COVID19 crisis.
Continue readingCOVID19: Payroll Furlough Facts – Coronavirus Job Retention Scheme
Daily COVID19 update: 2nd April 2020 – Payroll Furlough Facts – we thought it would be beneficial to bring you the answers to the most common questions you are asking regarding the Coronavirus Job Retention Scheme – Payroll Furlough Facts & the Coronavirus Job Retention Scheme.
Continue reading