Fourth SEISS grant announced
Fourth SEISS grant announced At the Budget it was confirmed that the fourth SEISS grant will be set at 80% of 3 months’ average trading profits, paid out in a single instalment, capped at £7,500. The fourth grant will take into account 2019 to 2020 tax returns and will be open to those who became […]
To the Pandemic Keyworker from the Financial Recovery Keyworker
As we move into 2021 and the possibility of recovery, we will be looking from the support of the medical community to the loving arms of people that will help us with our economic recovery. Accountants like me who have tried to keep the ship sailing and offer Financial Coronavirus guidance and support will continue […]
HMRC have updated their explanations on claiming for the next SEISS grant under ‘Reasonable Belief’ and ‘Significant Reduction’.
Reasonable belief In order to claim, you must believe that you will suffer a reduction in trading profits due to a reduction in business activity, capacity or demand or the fact you were not able to trade due to coronavirus during the period 1 November to 29 January 2021. You will need to keep all […]
Second SEISS grant explained
To qualify for the second SEISS grant the business must be adversely affected by the coronavirus pandemic on or after 14 July 2020. The online portal will open for the second SEISS grants on 17th August 2020. The amount of the grant will be calculated at 70% of the taxpayer’s annual average profits, capped at […]
Coronavirus Financial Help Update June 15 – Companies
New information for your company and employees. New Updates on the Furlough Scheme There are changes to the scheme and key dates that you need to be aware of You can claim if you bring previously furloughed employees back to work part-time from 1 July (known as flexible furloughing) and how many employees you can […]
Coronavirus Financial Assistance Updates June 15 – Self-employed
Self-Employment Income Support Scheme HMRC has also updated their guidance on the Self-Employment Income Support Scheme, (SEISS) with further details on terms for claiming a second grant in August. The big news for drivers is: Self-Employment Income Support Scheme will be extended – with those eligible able to claim a second and final gran. Those […]
Coronavirus Job Retention Scheme – CJRS
Company News From 1 July 2020, businesses will be given the flexibility to bring furloughed employees back part time. However you will decide the hours and shift patterns your employees will work, on their return. Therefore you can decide on the best approach for them, and of course will be responsible for paying their wages […]
Self-employed coronavirus financial assistance news
The big news for the self-employed is: Self-Employment Income Support Scheme will be extended – with those eligible able to claim a second and final grant. Those eligible will be able to claim a second and final grant in August. The grant will be worth 70% of average monthly net profit. To be paid out […]
How to claim for the Self-Employment Income Support Scheme
It has come to our attention that you will need a Personal Tax Account to be able to access the Self-Employment Income Support Scheme. Please find here instructions on how to set up a Personal Tax Account, if you don’t already have one. If you do, you will have a 12 digit Gateway code and your […]
Government ‘bounce back’ loans
On 27 April, the Chancellor announced a new loan scheme which is aimed at supporting micro-businesses. A micro business is usually defined as a very small business that can be a company or a sole trader. In general, it must have any 2 of the following: a turnover of £632,000 or less. £316,000 or less on its […]
