Coronavirus is more than a world health emergency, the economic impacts are very real and emergency provisions are being made worldwide in an attempt to support individuals, business and anyone who advises them. HB Accountants are monitoring the COVID19 situation closely and collating resources as conditions unfold
URGENT UPDATE: 3.40pm Monday 2nd November – The third SEISS grant for November has just been increased from 40% of your average monthly profits to 80% – December and January 2021 are still currently at 40%
If you are self employed you still have access to two more SEISS grants as part of the Winter Economy Plan with the third SEISS grant for November covering 80% of your average monthly profits.
Continue readingWith Lockdown 2.0 announced on 31st October 2020 by Boris Johnson, we have published a guide to the subsequent potential business grants available to your business
Continue readingOn Saturday 31st October, Boris Johnson confirmed that the CJRS, also known as the furlough scheme, will be extended to cover the period up until the 2nd December 2020. However, it is likely that, if National lockdown restrictions are extended, the furlough scheme will be extended with it.
Continue readingThere are now two job support schemes (JSS). The original one designed for businesses that are legally required to close is now called JSS Closed, and the other one introduced by the Chancellor on 22 October for businesses that remain open but with employees working reduced hours: JSS Open.
Continue readingRishi 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.
Continue readingWith 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 readingThe 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 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.
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 readingHave you heard about the Governments latest initiative to help unemployed 16-24 years olds? The Kickstart Scheme is here but is it right for you and your business? Here we explain how the scheme works, who is eligible and how to apply.
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