Summer Budget 2020 – A temporary SDLT reduction
In his Summer economic update, as part of the ongoing government support during the COVID-19 crisis, the Chancellor announced a temporary reduction to Stamp Duty Land Tax (SDLT) on residential …
Mini budget announcement and what it means for you
What does the Summer Statement mean for small businesses? Chancellor Rishi Sunak has announced a package of measures to help small businesses survive the coronavirus pandemic, as the second phase of government …
Changes to the furlough scheme and what that means for you
Rishi Sunak announced this evening (29 May 2020) changes to the Coronavirus Job Retention Scheme, with businesses starting to share the cost of furloughing staff from August 2020 onwards. August: …
ALMOST HALF OF SMALL BUSINESSES DO NOT INTEND TO REPAY GOVERNMENT LOANS
Small business owners do not believe they will be taken to court for failure to pay, or they fear they will have gone bust within a year. A shocking 43% …
Support for businesses through deferring VAT and Income Tax payments
Rishi Sunak also announced this evening, that small businesses would be able to defer next quarter’s VAT, a direct injection of £30bn of cash-flow support for SMEs The government will …
Support for businesses through the Coronavirus Job Retention Scheme
Chancellor Rishi Sunak has announced a Coronavirus Job Retention Scheme to protect small business jobs. Any PAYE-qualifying small business employee will qualify for the Coronavirus Job Retention Scheme, which will cover …
How to get the government’s £10,000 cash grant for small businesses
On 17 March the chancellor announced an increase in the small business coronavirus cash grant, taking it from £3,000 to £10,000. This is part of a £330bn package of support …
How do I apply for a Coronavirus Business Interruption Loan?
The government has announced a new temporary Coronavirus Business Interruption Loan scheme, as part of a package of measures to help small business. British Business Bank will deliver the loan …
Covid-19: Immediate support for SMEs
Measures to support businesses experiencing increases in costs or financial disruptions Employment costs Legislation will be enacted to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) …
PAYE and me
Managing a PAYE scheme can be challenging and unless you understand the process you could be liable for legal action. If you employ anyone earning over £118 per week you …