If your employees are working from home at the moment, they may be saving money by not commuting or buying lunches, however, they are likely to be incurring costs, such as from increased household bills. Employers can reimburse these expenses, tax free, within prescribed guidelines. Read on to learn more.
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COVID19: HMRC’s Coronavirus Job Retention Scheme (CJRS) claims corrections facility now live
Calculating the correct amounts of employees costs to claims under HRMC’s furlough scheme and the lack of an error correction facility during the claim process has given a headache to many an employer. The online error correction facility only applies to over-claims of CJRS grants
Continue readingCOVID19: Coronavirus Job Retention Scheme: 10 June cut off and ‘flexible furloughing’ from July
Chancellor of the Exchequer Rishi Sunak has outlined further details on how the government support for employers will operate during the easing of lockdown measures and as the government encourages employees to return to work.
Continue readingCOVID19: Tax-Free Childcare and 30 hours free childcare changes eligibility have changed during Coronavirus
Temporary changes have been made to the eligibility criteria for Tax-Free Childcare and 30 hours free childcare, during coronavirus.
The changes may affect you if you, or someone you live with, are:
- on furlough
- not able to work or you’re working less
- self-employed
- a critical worker
COVID19: Extension to the Self-Employment Income Support Scheme announced (SEISS)
This evening, Friday 29 May 2020, the Chancellor confirmed that a second and final grant is being made available through SEISS. It will cover June to August and applications will open in August.
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: Local Authority Discretionary Grant Fund websites
Some Local Authorities are now starting to publish application forms for the Discretionary Grant Fund, some of which require a fair amount of supporting documentation.
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 readingIs Homeworking The New Normal?
After being instructed to work from home due to Covid19, a number of companies have unexpectedly realised that homeworking could become the new normal. The CEO of Barclays was reported saying that big offices ‘may be a thing of the past’ after just six weeks of lockdown.
Continue readingCOVID19: Coronavirus Statutory Sick Pay Rebate Scheme set to launch
The Government has announced a new online service which will be launched for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments which they have made to their employees.
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