All employers can claim the Job Retention Bonus (JRB) for any eligible employee. You should ensure that you have: complied with your obligations to pay and file PAYE accurately and on time under the Real Time Information (RTI) reporting system for all employeesmaintained enrolment for PAYE onlinea UK bank account You must keep your payroll … Continue reading Can I Claim the Job Retention Bonus?
Cwmbran-based Green & Co Accountants and Tax Advisors, is advising cautious optimism following Rishi Sunak announcing a raft of incentives to shake the economy back into life following the effects of Covid-19. But, they warn, business owners must plan meticulously when it comes to the financial viability of their operations in the future. With the … Continue reading Businesses Must Plan Now and Not Rely on Government Schemes in Wake of Chancellor’s Statement
On Wednesday 8 July 2020, the Government held an emergency mini budget to minimise the pain as the economy faces the challenges of the past few of months. The main priority on the agenda was unemployment rates, with the Chancellor announcing that he wants to ‘protect, support and create jobs.’ What’s changing? Furlough Scheme With … Continue reading New Support Announced by the Chancellor in His Summer Statement
The government have announced a number of changes for employers using the Coronavirus Job Retention Scheme (CJRS). Scheme to close for new entrants From 10 June 2020, employers will no longer be able to use the CJRS for employees who have not previously been furloughed. This date will allow employees to be on furlough for … Continue reading Important Changes to UK Furlough Scheme
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
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?
Due to the fast moving nature of the coronavirus support, we are continually updating our guide to include more information on the common questions being asked. Topics covered include: Business SupportSelf-employment Income Support Scheme Coronavirus Job Retention SchemeBounce Back Loan SchemeCoronavirus Business Interruption Loan SchemeSmall Business Grant FundingCompanies House Filing ExtentionBusiness Rates HolidayCybersecuritySupport for Welsh … Continue reading Business Guide to the Coronavirus – Updated 22/6/20