fbpx

Accounting News

COVID-19 – Business Update

COVID-19 – Business Update

Winter Economy Plan Here are the headlines from the Chancellors statement in Parliament where a series of measures to help jobs and businesses were announced. New Job Support Scheme Announced Chancellor Rishi Sunak announced a new job scheme starting 1 November 2020 to...

Read more

COVID-19 – Covid Support Payments

COVID-19 – Covid Support Payments

A 100% income tax charge can be imposed where a recipient of a support payment was not entitled to it. This charge covers scenarios such as Coronavirus Job Retention Scheme (furlough) claims where the employees concerned were still working, and also...

Read more

Covid-19 – Dairy Farmers’ Covid-19 Fund

Covid-19 – Dairy Farmers’ Covid-19 Fund

The dairy farmers’ Covid-19 fund is open for applications. The fund is open to farmers who have experienced losses of 25% of their income (or more) during April and May 2020 due to a reduction in demand for dairy products. Applications are...

Read more

COVID-19 – Flexible Furloughing From 1st July 2020

COVID-19 – Flexible Furloughing From 1st July 2020

You can start to flexibly furlough eligible employees from 1‌‌‌ ‌July onwards. From 1‌‌‌ ‌July, you can claim a more flexible grant for any employee you have previously received a Coronavirus Job Retention Scheme grant for, and who now returns to...

Read more

COVID-19 – Extension To Job Retention Scheme

COVID-19 – Extension To Job Retention Scheme

The Chancellor, Rishi Sunak, has announced more details about the extension to the Coronavirus Job Retention Scheme (CJRS), with the key details outlined below for you. Flexible Furloughing From 1 July 2020, you’ll have the flexibility to bring previously furloughed employees back...

Read more

COVID-19 – Government Announces “Bounce Back” Loans

COVID-19 – Government Announces “Bounce Back” Loans

The Government has announced a new 100% Government backed loan scheme for small businesses. Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor has announced. Rishi Sunak said the new...

Read more

COVID-19 – Expanded Retail Discount Scheme

COVID-19 – Expanded Retail Discount Scheme

The government has launched an Expanded Retail Discount Scheme, providing 100% business rates reliefs to certain businesses in 2020/21, regardless of their rateable value. Please note that this applies to England only. Properties that will benefit from the relief will be...

Read more