Rishi Sunak hits back with Bounce Back Loans (BBLS) for those struggling SMEs that had been left out in the cold by CBILS
When the coronavirus hit the UK, no one could've expected the unprecedented measures that the Treasury would put into place for the majority of people, whether an employee or business owner. However, as these began to be rolled out, it became apparent that some of these...
Do you really need a will?
May 2, 2020
Do you want your loved ones to pay the taxman as much as £103,000 more than they need to after you die?
This is what almost happened to a client of mine recently. He tried to execute the administration of a relative’s will himself to save money. He’d calculated the inheritance tax bill for their estate as £263,000, but realised he was a bit out of his depth...
Coronavirus Financial Initiative Update
April 25, 2020
There have been a couple of changes to some of the Governmental initiatives for financial assistance. These are:
Furloughing employees - dates have changed, this has now been extended to the end of June, plus the furlough date has been extended to the 19th March instead of 2...
Keeping mind and body healthy during lockdown
April 25, 2020
Physical and Mental Health During Lockdown
In these challenging times we have many hurdles to overcome. Many of us have had to jump over some hurdles already, and unfortunately many of us have been directly or indirectly affected by the virus itself.My article is designed to help you stay physically and mentally fit ...
Unprecedented Times
April 10, 2020
And the choices that we make
We have not experienced such a global pandemic in our lifetime before. The previous being the Spanish flu in 1918. The world is a very different place today than then, both personally and in business. Those of us in business are facing some challenging times, a few of u...
Coronavirus Business Interruption Loan Scheme (CBILS)
April 10, 2020
How to get your CBIL?
The Coronavirus Business Interruption Loan Scheme (CBILS) has been open for nearly 2 weeks, has already come under fire by all involved and has had much of the detail already repurposed into version 2 designed to make it easier to apply. Here's the information you need ...
The Coronavirus Job Retention Scheme (CJRS)
April 6, 2020
Or put more simply, how do you furlough your employees?
Several weeks ago, the Government put a scheme into place that effectively pays all employees 80% of their wages up to a cap of £2,500 per month, plus any employer national insurance contributions (NICs) and employer pension contributions where applicable. HMRC are bus...
Self employment grant ... What it means for you
April 6, 2020
Yesterday, the Government finally announced their measures to help self employed people in the form of the Self Employment Income Support Scheme (SEISS). Financial assistance will come in the form of a grant and will pay up to 80% of average declared profit (before taxation)...
HMRC & Coronavirus updates
March 28, 2020
HMRC financial measures and guidance for employees, employers and businesses
At the time of writing, there are already a number of measures in place for many businesses and employees to gain financial support from the government. Below is a quick rundown of those currently available and these will be updated as anything new is added, especially for t...
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