The self assessment deadline is just about upon us on 31st January and yet according to HMRC, more than 4 million are still to file their 2020 to 2021 Self Assessment tax return. Whilst HMRC has provided a one-month penalty…
A recurring question we are being asked by employers is how to reclaim SSP for employees with Covid. Employers with fewer than 250 employees will be able to claim up to two weeks’ SSP per employee for COVID-related sickness absences…
Additional support for businesses affected by Omicron was announced by Rishi Sunak on 21st December. Support for businesses affected by Omicron includes: Businesses in the hospitality and leisure sectors in England will be eligible for one-off grants of up to…
Further to our news regarding the New Additional Restrictions Grant, Torridge District Council have received additional Government funding. This means they are now able to award a one-off Discretionary Grant to businesses that were ineligible for the Restart Grant. This…
New guidance for SEISS Grant 5 has been released by HMRC to bring further clarification as the applications window reaches its midpoint. The amount of support available for the fifth grant under the self-employment income support scheme (SEISS) depends on how…
Paying back your Bounce Back Loan - what you need to know Many businesses who took a Bounce Back Loan (BBL) in 2020 will soon have to consider the start of the repayments and whether their business has the cash…
Grant 4 SEISS details We now have the full details of Grant 4 SEISS that will be open at the end of April and the eligibility criteria continue to be more restrictive than the first grants. You will be contacted…
The Government's Recovery Loan Scheme (RSL) launched on Tuesday, 6th April and is aimed at any businesses who have suffered during the Coronavirus pandemic. RSL provides financial support of up to £10 million per business and the funds can be…
Funding for closed businesses in lockdown 3 New funding for businesses affected by this third lockdown is now available via local council authorities. You should check whether you are eligible as each business needs to make an application. Local Restrictions…
In the Spring many people with tax liabilities took the option to defer their second payment on account. This meant that for the 2019-2020 tax year payments due on 31 July 2020 were deferred to 31 January 2021. People had…