More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments being made on previously refused claims and policies. A number of insurers have lost an appeal against an earlier ruling, brought in […]
Read moreLoans, Grants and Deferrals
Government extends Self-Employment Income Support Scheme and Government-backed loans
As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various Government-backed loans, including the […]
Read moreGovernment extends further support to businesses affected by COVID-19
Under increasing pressure from business groups, local authority leaders and the public, the Government has decided to extend several of its existing support measures to help businesses across the UK – regardless of whether they are forced to close or remain open. Speaking to Parliament, the Chancellor Rishi Sunak announced […]
Read moreChancellor expands Job Support Scheme and grants to businesses facing new COVID-19 restrictions
The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result of tougher Coronavirus restrictions. The announcement was made ahead of new plans to introduce a tier-based system for lockdowns across the country, […]
Read moreCBILS ends on 30th September 2020
The Coronavirus Business Interruption Loan Scheme (CBILS) has offered important financial support to thousands of businesses across the UK – but it is due to end this month. Although the deadline for accredited lenders to review applications was recently extended until 30th November 2020, businesses wishing to receive funding via […]
Read moreHow will you rebuild and recover? Funding launched to cover cost of professional advice
The value of cash flow forecasting, management accounts and revised business plans is set to come into stark relief as businesses look to rebuild and recover following the easing of lockdown. In recognition of the importance of these and other accountancy services to the recovery and a swift return to […]
Read moreKey dates for Coronavirus support schemes, tax and Companies House
With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are more than 60 key dates to be aware of in the coming months where these schemes will end or change, plus the usual HMRC and Companies House deadlines. To […]
Read moreGovernment extends childcare funding for families affected by the pandemic
The Government has extended childcare funding for families affected by the Coronavirus outbreak. Parents or carers who are usually eligible for Tax-Free Childcare or 30 Hours Free Childcare but whose income has fallen temporarily below the minimum income requirement as a consequence of Coronavirus will continue to receive support until […]
Read moreGreen Homes Grant guidance published
The Government has published further details of the Green Homes Grant, announced by the Chancellor at his Summer Economic Update on 8 July. The scheme provides vouchers worth up to £5,000 for most homeowners or £10,000 for households on low income to install energy-saving primary measures, including: Insulation: Solid wall, […]
Read moreReminder: Deferral of second payment on account
Those facing financial difficulty as a result of COVID-19 are being reminded that they can defer their second 2019/20 self-assessment payment on account, normally due at the end of July, until 31 January 2021. To benefit from this deferral, taxpayers do not need to contact HMRC. Simply by not paying […]
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