23.06.2020

Coronavirus – Self Employed Income Support Update – 23-06-2020

Taxable grants of up to £2,500 per month are available for qualifying individuals who have trading profits or partnership trading profits of less than £50,000.
In order to qualify, your business trading income must comprise more than half of your total taxable income for 2018/19 or over an average three year period. These grants …

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16.06.2020

Coronavirus – JRS latest & flexible furlough – 16/06/2020

From 1 July 2020, workers will be able to do part-time work while on furlough. It will be up to the employer and worker to agree what the working arrangements will be, but employers will be required to pay the worker’s normal wages while the worker is working. The Government subsidy will only apply…

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01.06.2020

Coronavirus – Job Retention Scheme Developments – 01/06/2020

In what we suspect will be the final update to the Job Retention Scheme the Chancellor made some significant changes to the current scheme as well as extending the scheme to 31st October 2020.
We are awaiting updates to the Treasury Direction and the Employer’s Guidance, but these are the headline points announced at his press conference:

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06.05.2020

Coronavirus – Bounce Back Loans are all businesses eligible? – 05/05/2020

The new microbusiness bounce back oan scheme was opened on May 4 and we are already seeing funds delivered to successful applicants within 24 hours. Businesses are able to borrow between £2,000 and £50,000 and access the cash the next…

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05.05.2020

Coronavirus – Self Employed Income Support Scheme – Update 05/05/2020

UPDATE Taxable grants of up to £2,500 per month are available for qualifying individuals who have trading profits or partnership trading profits of less than £50,000. In order to qualify, your business trading income must comprise more than half of…

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Businesses urged to plan thoroughly to handle pressures of coming months

Businesses in Coventry and Warwickshire have been urged to plan thoroughly and ensure their cash flow is prepared to handle the pressures of the coming months. Sean Farnell, Partner at accountancy fi... - read more