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CORONAVIRUS SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS)

HELP FOR THE SELF EMPLOYED
Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships.

VAT DEFERRAL

All UK businesses are eligible. How to access the scheme

Coronavirus Job Retention Scheme - Update

HMRC will reimburse 80% of their wages, up to £2,500 per month. This is to safeguard workers from being made redundant. The Coronavirus Job Retention Scheme will cover the cost of wages backdated to 1ST March and is initially open for 3 months but will be extended if necessary.

THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS) IS NOW AVAILABLE THROUGH PARTICIPATING LENDERS

CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

Furlough Letters Guidance

An employee furlough refers to a temporary leave or modification of normal working hours for a specific amount of time. It’s a leave of absence given to an employee with the promise that they will still have their job once the leave is over.

GOVERNMENT SUPPORT FOR BUSINESSES

On Friday 20th the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19.

GUIDANCE FOR OUR CLIENTS – CORONAVIRUS (COVID-19)

Below are some key Government websites where you can access the latest information:

COVID-19 Government Support for Businesses

The Government will pass legislation shortly to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows:

Business Trends to Watch in 2019

Here are some of the top Business Trends to watch in 2019.

Trusts to save IHT

Trusts have a reputation for being linked to unfair tax avoidance, but they can play a legitimate role in #estate and #inheritance #tax #planning. They can be especially worthwhile for business owners. Could a simple trust help preserve more of your estate for your family?

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