by MAS | Mar 31, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC, PAYE
Who can claim? Any UK company that had a PAYE payroll on 28th February 2020 can claim. Who can you claim for? Only employees who were on your payroll as at 28th February 2020. Employees with part time, zero hour, or flexible contracts are included. Employees on agency...
by MAS | Mar 31, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC
Today’s update to keep you informed: COVID-19: Directors on PAYE can furlough We understand that company directors that receive salaries through PAYE can be furloughed and apply for a grant of 80% of their salary during the coronavirus pandemic. After examining...
by MAS | Mar 30, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC
The government has announced details of a business rates holiday for the 2020-21 tax year for eligible retail, hospitality, leisure and nursery businesses, along with cash grants for organisations in certain sectors. According to guidance two reliefs are available for...
by MAS | Mar 30, 2020 | Business advice, Coronavirus, Covid-19, Financial news, HMRC
IN a recent speech the Government referred to an imminent change to the current insolvency regime to aid businesses during the COVID19 outbreak. Whilst not specific there was reference to temporarily stopping Wrongful Trading against directors. The changes will be...
by MAS | Mar 27, 2020 | Business advice, Coronavirus, Covid-19, Financial news
We thought we would discuss the Coronavirus Business Interruption Loan Scheme “CBILS” in some more detail now we understand the criteria and learnings so far. Scheme details: Loan of up to £5m over a term up to six years for companies with turnover less than £45m;...
