News
Easter Weekend updates to the Coronavirus Job Retention Scheme
15 April 2020
Over the Easter Weekend, the Government published a further update to its guidance on the operation of the Coronavirus Job Retention Scheme (CJRS). The CJRS allows employers to retain employees on the PAYE Payroll who are not carrying out work for them by placing them on furlough and to claim a grant of 80 per cent of a...
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Coronavirus Job Retention Scheme – Portal opens Monday 20 April 2020
09 April 2020
HM Revenue & Customs (HMRC) has confirmed that the online portal for applications to the Coronavirus Job Retention Scheme (CJRS) will open on Monday 20 April 2020. The CJRS provides grants worth 80 per cent of a furloughed employee’s salary up to a cap of £2,500 a month, plus Employers’ National Insurance Contributions (NICs)...
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The Coronavirus Large Business Interruption Loan Scheme (CLBILS)
07 April 2020
The Government has announced a further scheme to support businesses through the Coronavirus crisis. The Coronavirus Large Business Interruption Loan Scheme (CLBILS) is aimed at large businesses with annual turnovers of between £45 million and £500 million. These businesses cannot access facilities through the Coronavirus...
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Latest amendments to the Coronavirus Job Retention Scheme announced
07 April 2020
The Government has made several amendments to the Coronavirus Job Retention Scheme (CJRS), which was first announced by Chancellor, Rishi Sunak on 20 March, immediately after the Prime Minister ordered the closure of pubs, restaurants and bars. The scheme is intended to reimburse up to 80 per cent of the wage costs (capped at...
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Personal loans, credit cards and overdrafts
07 April 2020
The Financial Conduct Authority (FCA) is fast-tracking new measures that will force banks to freeze loans and credit card payments for up to three months to help those individuals whose finances are affected by the Coronavirus outbreak. The measures should be in force by 9 April 2020 and will include...
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Revised Coronavirus Business Interruption Loan Scheme (CBILS)
06 April 2020
The Government has announced significant revisions to the Coronavirus Business Interruption Loan Scheme (CBILS) that come into effect from Monday 6 April 2020, opening up the scheme to a wider range of businesses. The Scheme provides UK-based SMEs with turnovers of up to £45 million access to facilities of between £1,000 and...
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Take care – Coronavirus fraud on the rise
03 April 2020
The Government has issued fresh warnings to members of the public and businesses about the potential for fraud related to the Coronavirus pandemic. Local authorities, police forces and specialist fraud organisations across the UK are issuing guidance to companies and individuals following a 400 per cent increase in fraud in recent weeks.
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Government updates guidance on small business and retail sector grant schemes
03 April 2020
The Government has published new guidance for local authorities on the small business and retail sector grant schemes. These are one of several measures introduced by the Government to help businesses that are most at risk of failure due to the actions taken to prevent the spread of the Coronavirus. As previously discussed in our...
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Government confirms that furlough rules do not leave employers at risk of breaching minimum wage rules
03 April 2020
The Government has confirmed in its guidance for the operation of the Coronavirus Job Retention Scheme (CJRS) that employers will not be at risk of breaching minimum wage rules where they opt not to top-up the wages of furloughed employees. The CJRS was announced by the Chancellor shortly before the Stay at Home rules came into effect...
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Newly appointed staff members will not benefit from the Coronavirus Job Retention Scheme
03 April 2020
Thousands of employees who have started a new job after the 28 February 2020 will not be able to benefit from the Coronavirus Job Retention Scheme (CJRS) and may need to be laid off or sacked to help businesses cut costs. To be eligible for the scheme, which covers 80 per cent of a furlough workers employment costs up to £2,500 per...
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Case Studies
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Child's play with proactive accounts management
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A taste for growth, a thirst for knowledge
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Taxing demands with old school charm
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Smiles all round for dental practice
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Cut above the rest in personal management style
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Sometimes a business does exactly as it says on the tin
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Customer care is top of the list for packaging business
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A modern approach required for music moguls
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A shared passion for architecture and a head for numbers