Just announced, the government is extending the CJRS to support individuals and businesses who are impacted by disruption caused by coronavirus (COVID-19) this winter. This is an extension of the CJRS and the scheme rules will remain the same except where HMRC state otherwise.
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Extension to the Coronavirus Job Retention Scheme (CJRS) – will you now be eligible?
On 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 readingJob Support Schemes explained – JSS Open & JSS Closed…
There 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 readingAll Change to the COVID19 Support Packages Offered by the Government – How will this affect you?
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.
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 happens when you change accountants?
Many businesses and individuals change accountants. Maybe your needs have changed as you’ve grown and you want to work with an accountant offering multiple services. Or maybe working with an accountant based nearer to your offices will give you the benefit of a more personal service? Whatever the reason, once you know what you need, you can begin the search for a new partner. But what happens when you find the accountancy practice that’s right for you? And what do you do next? Here’s the answer.
Continue readingWhat 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 readingClaim your £1,500 Kickstart Scheme grant
Have 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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