Treasury instructions to HMRC re SEISS
On 30 April 2020, HM Treasury published its Direction to HMRC giving statutory footing for the Self-employment Income Support Scheme (SEISS). The document makes it clear that one
Furlough scheme extended to 30 June 2020
The Coronavirus Job Retention Scheme will now be available until at least 30 June 2020. Payments under the scheme can be backdated to 1 March 2020 for employees who met the
Self-employed Income Support Scheme
If you are self-employed and qualify for the Self-employment Income Support Scheme you will receive a cash grant from HMRC based on 80% of profits, up to £2,500 per month.
Aggressive rent collection banned
The government has announced the introduction of temporary new measures to protect commercial tenants on UK high streets from aggressive rent collection and closure during the
Loans increase cashflow risks
Aside from the various rate reduction schemes, grants linked to the occupation of business premises, the furlough scheme and the Self-Employed Income Support Scheme, all other
Multiple income streams
An income stream is a fanciful term to describe a source of income. This post examines the value of creating more than one source of income as opposed to relying on just one
Latest Government Support Measure – Bounce Back Loan Scheme Announced
The Chancellor, Rishi Sunak has today (27 April 2020) made a statement to the House of Commons on the government’s economic response to the Coronavirus outbreak. The
Tempted to lower your prices?
Under normal trading conditions – pre-COVID-19 disruption – every time we sell our goods or services each sale requires that we cover three categories:
The direct
Why a grant is preferable to a loan
The Government has launched a raft of grants and loan guarantee arrangements since the COVID-19 lock-down started last month.
In almost all cases the grants are taxable and
Change to CLBILS for larger concerns
The scope of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) was expanded by the Chancellor ahead of the scheme launch on 20 April 2020. The scheme enables banks