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01/07/20 Second Self-employed Income Support Grants to be paid in August

On 29 May the Chancellor announced that the grant scheme to support the self-employed would also be extended with a further payment based on 70% of average profits for the 3 years ended 2018/19, limited to £6,570 rather than £7,500. The eligibility criteria remain broadly the same as the first grant claim. Self-employed profits in…Read More

01/07/20 Flexible Furlough from 1st July

From 1‌‌ July the new CJRS “Flexible furlough” grant scheme starts, which will allow employers to gradually bring their furloughed employees back to work part-time. The new scheme will be in place until the end of October and the Government will gradually reduce the amount of grant towards employees’ furlough pay to 70% in September…Read More

05/06/20 Can you “Furlough” the Company Car?

During the lockdown period many employees and Directors have not been using their company cars and instead the vehicles have been sitting on driveways. Unfortunately that does not mean you have not had the benefit of a company car unless employees have been able to virtually hand the car back to their employer – by…Read More

05/06/20 Self-Employed Income Support Grants Extended

The Self-Employed Income Support Scheme which started on 13th May has already helped many sole traders and members of partnerships. Although agents such as Camfield Chapman Lowe could not claim on behalf of clients, we can check to see if you have received the correct amount and request a review if we find the amount…Read More

05/06/20 Job Retention Furlough Scheme Extended to October

The scheme will be closed to new entrants from 30th June 2020. From this point onward, employers will be only be able to furlough employees that have been furloughed for a full three week period prior to 30th June. This means that the FINAL DATE by which an employer can furlough an employee for the…Read More

05/05/20 How to use Zoom for your Business

With lockdown having been in place for a few weeks now, there has been a huge increase in use of on-screen technology. People who have never even used Facetime or Skype before have either used or at the very least – heard of Zoom. We have put some tips together for you so you can…Read More

01/05/20 Bounce Back Loans

Launching on 4th May 2020 is a new Government backed loan scheme. It is a new rapid loan scheme for small and medium businesses. The Government will provide lenders with a 100% guarantee for the loan. Bounce Back Loan Schemes loans will be limited to 25% of turnover and up to a maximum of £50,000 (minimum of…Read More

23/04/20 VAT Payment Deferral during COVID-19

With the next VAT deadline date of 7 May fast approaching, we wanted to send a reminder of the process for those who wish to utilise the VAT payment deferral announced by the Chancellor in March. There’s no need to apply for a deferral BUT: You are still required to file a return through the normal route, including…Read More

21/04/20 Main Residence Relief from 6th April 2020

Main residence relief: Where are we now? Major changes announced to apply from 6 April 2020 for capital gains tax relief for a taxpayer’s principal private residence.  Selling a main residence prior to April 2020 meant that any capital gains tax (CGT) due on the sale was declared on the self-assessment tax return. This tax…Read More

15/04/20 Coronavirus Job Retention Scheme

Job Retention Scheme – Details for Employers On 20 March 2020, the Government announced the Coronavirus Job Retention Scheme to provide support for employers to enable them to continue paying part of their employees’ salaries rather than lay them off for the initial period of the crisis. The scheme will run initially for three months and will…Read More

31/03/20 Information on Insurance, Furloughing and MTD during COVID-19

As part of our regular and on-going support, we have some more important and useful information for you in the following areas: – Business Insurance Policy – action required!– Furloughing Staff – are you following necessary procedures?– Making Tax Digital – the HMRC soft-landing finishes Wednesday 1st April 2020 Expanding on these headlines, some of…Read More

27/03/20 Help for the Self-Employed during COVID-19 crisis

Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-Employment Income Support Scheme (CSEISS) If you are self-employed and have suffered a loss in income, a taxable grant will be paid to the self-employed or partnerships, worth 80% of their profits up to a cap of…Read More

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