We have scheduled two further Web Events for you. These are challenging times and our aim is to support as many people as we can through providing critical information for you and your business to help see you through to the other end of this period.
Continue readingAuthor Archives: Vicki H Foster
COVID19: Grants and funding programmes to assist social enterprises, local organisations & charities
We understand that you might be worrying about the impact that the Covid19 situation is having on your organisation. Are you aware that charities, not for profit organisations, social enterprises and unregistered community groups can apply for grants to help them to continue to deliver much needed support to within their communities?
Continue readingCOVID19: Claiming the self-employment grant scheme
4 May 2020: The government have today updated information about applications for the self-employment grant. Self-employed workers have been hit hard by COVID19 lockdowns, the scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months (March to May), and capped at £7,500 altogether. This is a temporary scheme, but Gov.UK suggest it may be extended.
Continue readingCOVID19: Top-up to local business grant funds scheme – local authority discretionary fund
Announced 1 May 2020: If you were outside of the scope of the Covid19 Business Grant funds scheme then the extra funding announced yesterday “could” be good news for you and your business. A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.
Continue readingCOVID19: Social distancing is impacting on everyone
Who would have believed that during the third month into 2020 the UK would be socially distancing, High Street retail businesses, restaurant, bars and pubs and leisure businesses all over the UK would have been forced to temporarily close their doors the to general public and every business or personal email sent out would start with “hello, how are you, hope you are OK and I hope you are staying safe”.
Continue readingCOVID19: Homeworking businesses hit by increased fraud
The number of criminals fraudulently attacking businesses is on the increase. There is a lot of news about individuals being targeted during the current pandemic but there is a huge risk to businesses as well. Homeworking businesses are being hit by increased fraud.
Continue readingCOVID19: New Bounce Back Loan Scheme – 100% government backed loan scheme for small business
Updated 29 April 2020: Following Monday’s announcement by Rishi Sunak, (27 April 2020) small businesses will benefit from the new fast-track Bounce Back loan finance scheme. The aim to provide loans with a 100% government-backed guarantee for lenders. If you are a smaller company who struggled to get a CBILS loan then this could be for you.
Continue readingCOVID19: What funding is available for my business?
Funding options and criteria available to you during COVID19 can be complex, which is why The Federation of Small Business have simplified the process so you can easily check your eligibility for different schemes. You’ll find tailored information for businesses in England, Wales, Scotland and Northern Ireland, as well as advice on what you can access if you’re self-employed. Download the PDF guide for your home nation to get started.
Continue readingCOVID19: NHS workers are exempt from IHT (Inheritance Tax) if killed by Covid19
Emergency services workers, including members of the NHS, are exempt from paying Inheritance Tax if they die from COVID19.
Death is a horrible subject to tackle at any time but during the COVID19 pandemic NHS workers do need to be made aware of this tax exemption and seek professional advice or risk paying the standard inheritance tax.
Continue readingCOVID19: Coronavirus Job Retention Scheme (CJRS) – emerging issues & answers
Updated: 22 April 2020: Following emerging issues about the Coronavirus Job Retention Scheme (CJRS) from HMRC, the ICAEW has released amended guidance. We have updated our “top 10 questions answered” to include these amendments
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