No-one wanted another England-wide lockdown, especially as many UK businesses were barely back on their feet following the original March 2020 lockdown. But the seriousness of the Covid-19 situation in the UK has resulted in another business shutdown – and that’s going to make the next few months a real challenge for many small businesses. […]
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NEW “FURLOUGH” SYSTEM FOR EMPLOYEE WAGES UP AND RUNNING Welcome to our monthly newsletter. We hope you enjoy reading this newsletter and find it useful. Please contact us if you would like to discuss any matters further. “FLEXIBLE FURLOUGH” STARTS 1 JULY From 1 July the new CJRS “Flexible furlough” grant scheme starts, which will […]
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NEW “FURLOUGH” SYSTEM FOR EMPLOYEE WAGES UP AND RUNNING The Coronavirus Job Retention Scheme (CJRS) claims portal opened on Monday 20 April and early indications are that it seems to be working smoothly but with a few teething problems as you would expect from a brand-new system. In the run up to the start of […]
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The current COVID-19 crisis has many businesses globally mandating employees to work from home due to Government requirements. This could be a major adjustment if you are a company who is new to working remotely. You and your employees may have been unprepared to turn living spaces into workspaces for the foreseeable future. The daily […]
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£330 BILLION CORONAVIRUS SUPPORT PACKAGE On Friday 20th March the Chancellor, Rishi Sunak, set out a package of measures to support public services, people and business through the disruption caused by the COVID-19 virus. Further measures were announced on 26 March to support the self-employed. CORONAVIRUS JOB RETENTION SCHEME HMRC will reimburse 80% of ‘furloughed’ […]
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Business support for SMEs during COVID-19 The UK’s Prime Minister, Boris Johnson, has ordered households and non-essential businesses across the country into lockdown due to the COVID-19 coronavirus pandemic causing a national state of emergency. The economy is experiencing a steep decline in trade as all non-essential businesses have been ordered to temporarily “shut shop” […]
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YET ANOTHER CHANCELLOR – BIG CHANGES IN THE BUDGET? It will be nearly 18 months since the last Budget and in the meantime we will have had three different chancellors following the unexpected resignation of Sajid Javid. The early years of a new Parliament are a good time to make radical changes and many are […]
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In just over a month’s time, changes to IR35 tax rules for contractors will occur. However, many contractors are still confused as to what the IR35 changes will mean for their business and what is required prior to the implementation date of 6th April. From 6th April, if you work as a contractor and your […]
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BUDGET DAY IS NOW 11 MARCH The December General Election meant that the Autumn Budget was delayed and we now know that Sajid Javed will deliver his first Budget on the second Wednesday in March which is when Budget day used to be! We are expecting that the tax measures in the Conservative Party manifesto […]
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Are you the director of your Limited Company? If so, then you must pay employers’ as well as employees’ National Insurance Contributions on salaries that your company pays out (which are above the NI threshold). National Insurance Contributions are only payable on salaries, not dividends, so there are significant tax benefits to company directors taking […]
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