OUR BLOG
Want to know more. Get in touch.
Covid-19: car finance help for consumers
The Financial Conduct Authority (FCA) has announced a package of measures covering motor finance and high cost credit agreements to directly support consumers facing payment difficulties due to coronavirus The move will cover car financing such as personal contract...
Covid-19: furlough scheme clarifications
A little update with regard to the furlough scheme - some details that were clarified yesterday. Employees must be furloughed for minimum of 3 weeks and so the claim period has to be for a minimum of 3 weeks; Employees can be furloughed multiple times by the same...
Furlough claiming portal now open
The online service for Coronavirus Job Retention Scheme has opened. HMRC commented that 67,000 claims were made in the first 30 minutes with no reported problems and that the system is designed to handle 450,000 claims per hour. If you are furloughing employees and...
Coronavirus Business Interruption Loan Scheme
Having spoken with lots of you recently, we know many of you are going to or may be left with no option than to apply for CBILS funding. Lenders will prioritise those customers who provide all the required information. The following is what you will be required to...
Covid-19: Daily Update
Here is some information we think may be useful: Job Retention Scheme The government pay scheme for workers who have downed tools but remain employed has been extended. The wage subsidy would be available for another month until the end of June. The chancellor said...
Here is a little more on the self employment scheme & CGT reporting:
Covid-19: HMRC provides more detail re self-employed support scheme HMRC has published guidance on how it will calculate total income and trading profits for the support scheme, designed to provide help for the self-employed who have lost profits due to coronavirus....
Coronavirus Business Loan Scheme Updated
The Chancellor has announced the extension of the current Coronavirus Business Interruption Loan Scheme (CBILS) to all viable small businesses affected by COVID-19 and not just those unable to secure regular commercial financing, will now be eligible should they need...
Covid-19 Daily: Statutory Sick Pay Scheme
In the recent Budget the Chancellor announced details about a new coronavirus (COVID-19) Statutory Sick Pay Rebate Scheme. Here is a bit more information: Who can claim The scheme can be used by employers if they had fewer than 250 employees on 28 February 2020 had a...
Coronavirus Job Retention Scheme – your questions answered:
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...
Covid-19 update
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...
Covid-19: retail, hospitality & leisure sectors
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...
Covid-19: update for limited companies
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...
Our Accreditations
Contact
Contact
Tel: 0161 654 8626
Email Us
Middleton Accountancy Services
211 Manchester New Road
Alkrington
Middleton
Manchester
M24 1JT
