Changes have been made and a new revised version of the Coronavirus Job Retention Scheme: step by step guide has been published by Gov.UK. The guide explains the information that you as an employer needs to provide to claim for your employees’ wages.
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COVID19: How to find out if you are eligible for the Self-Employment Income Support Scheme (SEISS)
HMRC have started contacting self-employed customers who they believe are eligible for the Self-Employment Income Support Scheme (SEISS). This is based on the information provided in your 2018 to 2019 tax return. Here we take you through how to find out if you are eligible for the Self-Employment Income Support Scheme (SEISS).
Continue readingCOVID19: Free Web Workshops from HB Accountants to help you and your business
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 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: 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
Continue readingWorrying 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.
Continue readingCOVID19: Loan scheme expanded to help larger businesses
The Chancellor has announced an expansion to the UK government-backed loan scheme for large businesses affected by coronavirus in a bid to help larger businesses through this crisis.
Continue readingCOVID19: 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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