Worrying about affording your monthly car finance during the Coronavirus crisis?

The Financial Conduct Authority (FCA) has announced a package of measures covering motor finance and high cost credit agreements to directly support you if you are facing payment difficulties due to coronavirus. Read on if you are worrying about affording your monthly car finance during this Covid19 crisis.

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COVID19: Government launches new coronavirus business support finder tool

The Government have announced their new ‘support finder’ tool. If you have a UK business or are self-employed, the aim of the new tool is to quickly and easily determine what financial support is available to you during the coronavirus pandemic.

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This is the time to take a Business MOT

We’re part way through the Covid19 lockdown. Easter is over and at the time of writing, we do not know exactly when quarantine will be eased. As the days stretch before us business owners, who may or may not be currently trading, there is time for many to give your company a MOT: to get prepared for the future, whatever this may bring.

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COVID19: Furloughing – Holiday Pay and Annual Leave Guidance

The government have finally given some further guidance on how annual leave and holiday pay will work with furloughed employees, albeit that it was released after close of business on Friday, and only in the guidance notes for employees, so you would be forgiven for missing it.

Here are some of the questions that  have been answered:

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COVID19: Coronavirus Job Retention Scheme: step by step guide for employers

The Government has issued a Coronavirus Job Retention Scheme Step by Step guide for employers. This guide explains the information that employers need to provide to claim for their employees’ wages.

The step by step guide will take you through five sections:

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COVID19: Furloughing period extended to 30 June 2020

The government have confirmed today that they are extending the period that employees can be furloughed to the end of June. The chancellor has also stated that this period could be extended further. If the lock down restrictions are lifted at the end of May this would allow some businesses to start trading by un-furloughing some staff whilst keeping others on  furlough and have a couple of months of trading before salaries are to be met in full or other action taken. Alternatively, it may be an indication of the lock down period being extended once again.  

Please also remember that the HMRC portal goes live on Monday

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UK Tax Rates for 2020/2021

HB Accountants have produced a Tax Card which summarises many of the rates and allowances fundamental to your business and personal lives. We are sure that you will find it a useful point of reference throughout the coming tax year.

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COVID19: Coronavirus Job Retention Scheme (CJRS) online portal opens for claims on 20 April 2020

HMRC announced plans this week to open the online Coronavirus Job Retention Scheme (CJRS) service on Monday 20 April – the first claims due to be paid 10 days later. File-only and payroll bureaus will be omitted from claiming.

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