If you're an employer, you may be able to recover the costs of paying coronavirus-related Statutory Sick Pay (SSP), through the Coronavirus Statutory Sick Pay Rebate Scheme (CSSPRS), from 26 May 2020. You are eligible if you have a PAYE payroll scheme that was created and started before 28 February 2020 and you had fewer … Continue reading How to Claim Back Statutory Sick Pay Paid to Employees Due to the Coronavirus
In order to be eligible to claim from the Self-Employment Income Support Scheme (SEISS) your business must have been adversely affected by coronavirus. However many clients are asking what qualifies as ‘adversely affected’? HMRC has provided some guidance on the meaning. This includes being unable to work because you are shielding, self-isolating or are on … Continue reading Self-Employment Income Support Scheme – Do You Qualify as ‘Adversely Affected’?
If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus, you may be eligible for the Self Employment Income Support Scheme (SEISS). Before you make a claim you need to know if you qualify for the scheme. You can find out how to check if you are eligible here. … Continue reading How to Claim a Grant Through the Self-Employment Income Support Scheme
The Chancellor has announced a 100% government backed loan scheme for small businesses, designed to offer up to £50,000 of fast-track finance for those affected by coronavirus. The bounce back loan scheme will enable businesses to borrow between £2,000 and £50,000 and access the cash within days, and in some cases within 24 hours. Loans … Continue reading Bounce Back Loans for Small Businesses
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus, you may be eligible for the Self Employment Income Support Scheme (SEISS). HMRC have launched a tool for you to check if you are eligible for the scheme ahead of the launch on Wednesday 13 May 2020. To check … Continue reading How to Check If You Are Eligible for the Self Employment Income Support Scheme
Over the past few weeks, the government has announced various support packages for businesses and self-employed people, but it’s still unclear to some what they’re eligible for. The government has now launched a new ‘support finder’ tool. This tool will help you quickly and easily determine what financial support is available to you. The tool … Continue reading Coronavirus Business Support Finder
If you have furloughed employees, you will now be able to claim your grant from HMRC. We have a guide on 'How to Apply for the Coronavirus Job Retention Scheme' here. First, you will need to calculate how much you need to claim. For the majority of employers with full-time or part-time employees on a … Continue reading How to Calculate Your Claim for the Coronavirus Job Retention Scheme
If you put employees on furlough, the portal to make a claim through the Coronavirus Job Retention Scheme (CJRS) is now open. To make a claim, you will need: to be registered for PAYE onlineyour Government Gateway user ID and passwordyour UK bank account number and sort code your employer PAYE scheme reference number the … Continue reading How to Apply for the Coronavirus Job Retention Scheme
UPDATE: This has opened early and is available now! The application process for the new Economic Resilience Fund will open tomorrow, Friday 17 April 2020. The fund will target microbusinesses, SMEs and large businesses with critical social or economic importance to Wales, and provide additional financial support to help organisations manage cash flow pressures. It … Continue reading Economic Resilience Fund: Further Support for Businesses in Wales
If you are a director and your business has closed due to the coronavirus, you are eligible for support through the Coronavirus Job Retention Scheme (CJRS). Directors have already been informed they can receive support for their employees, but further guidance confirms that it can be extended to directors. However, the support only extends to … Continue reading Can Directors Use the Coronavirus Job Retention Scheme?