How Do I Claim the Job Retention Bonus?

From 15 February 2021, employers will be able to claim the Job Retention Bonus (JRB) through the Government website. The JRB will be a one-off payment of £1,000 to the employer for every eligible employee that is claimed for. The bonus will be taxable, so you must include the whole amount as income when calculating … Continue reading How Do I Claim the Job Retention Bonus?

Which Employees Can I Claim the Job Retention Bonus For?

Claims will only be accepted for employees that were eligible for the scheme. Where a claim for an employee was incorrectly made, a Job Retention Bonus (JRB) will not be payable. You will be able to claim for employees who: you made an eligible claim for under the Job Retention Scheme (JRS)you kept continuously employed … Continue reading Which Employees Can I Claim the Job Retention Bonus For?

Can I Claim the Job Retention Bonus?

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?

What Is the Job Retention Bonus?

As part of the summer’s emergency mini budget, the Chancellor announced a job retention bonus to encourage employers to keep their employees on once the Job Retention Scheme (JRS) ends on 31 October 2020. The Job Retention Bonus is a one-off payment of £1,000 to employers, for every employee who they previously claimed for under … Continue reading What Is the Job Retention Bonus?

Businesses Must Plan Now and Not Rely on Government Schemes in Wake of Chancellor’s Statement

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

Landlords and Property Owners: The Differences Between Wales and England Following the Chancellor’s Statement

Cwmbran-based Green & Co Accountants and Tax Advisors, is urging those purchasing property to check carefully all the details announced as part of a raft of incentives designed to shake the economy back into life following the effects of Covid-19. Announced on Wednesday 08 July, Chancellor Rishi Sunak increased the Stamp Duty threshold from £125,000 … Continue reading Landlords and Property Owners: The Differences Between Wales and England Following the Chancellor’s Statement

New Support Announced by the Chancellor in His Summer 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