As we commence what will be a difficult winter for many, with businesses having to plan for extra costs, now may be a good time to revisit the repayment options available on your bounce back loan to help with cashflow.…
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…
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…
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…
Third SEISS grant applications tightened The third SEISS grant (Self-Employed Income Support Scheme) has seen eligibility tightened for applications. The scheme opens on Monday 30 November and it’s important to double check your eligibility. What is the third SEISS grant?…
SEISS grant improvements Not only has the Self-Employment Income Support Scheme (SEISS) been extended, but the maximum grant is increasing too. This is good news for those of you who are self-employed and seeking income support. The government’s latest announcement…