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Chancellor announces grants worth up to £9,000 for businesses in the retail, hospitality and leisure sectors

The Chancellor, Rishi Sunak, has announced a package of one-off grants worth between £4,000 and £9,000 for businesses in the retail, hospitality and leisure sectors, following the announcement of a nationwide lockdown in England lasting until at least mid-February. The new scheme will...Read More

Government extends the furlough scheme until April 2021 and business loan schemes until March 2021

The Chancellor has announced that the Coronavirus Job Retention Scheme (CJRS) and the various Government-backed COVID-19 loans will be extended once again to support businesses...Read More

Update 25 November Spending Review highlights long-term economic impact of Coronavirus pandemic

The Chancellor’s statement to Parliament setting out his Spending Review decisions came against a backdrop of predictions from the Office for Budget Responsibility (OBR), which indicated that the UK economy will shrink by 11.3 per cent this year – the largest fall in output for 300 years...Read More

Update 11 November The Furlough Extension – What you need to know

Employers across the UK will have welcomed the Government’s recent decision to extend the furlough scheme, also known as the Coronavirus Job Retention Scheme (CJRS), until the end of March 2021. The Government hopes this will help businesses to protect jobs by offering...Read More

Update 5 November Chancellor takes further steps to protect jobs, businesses and the self-employed

In an unexpected twist, the Chancellor Rishi Sunak has once again extended financial support to businesses and self-employed workers to help them through the difficult winter period and the new restrictions that are in place. Speaking in Parliament, the Chancellor Rishi Sunak announced...Read More

Update 2 November Government extends Self-Employment Income Support Scheme and Government-backed loans

As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS)...Read More

Update 2 November National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update

The Government has extended the Coronavirus Job Retention Scheme (CJRS) following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed that those businesses...Read More

Update 23 October Additional Government Support Packages

The Government has announced further changes to their financial support measures aimed at helping a wider range of businesses affected by the pandemic and resulting regional restrictions...Read More

Update 7 October How to make a claim for the Job Retention Bonus

The Government has released new guidance on the Job Retention Bonus, which provides a one-off taxable £1,000 payment to employers for eligible employees that have been furloughed and are kept continuously employed until 31 January 2021. In the guidance, the Government has outlined...Read More

Update 15 Sept- Government to launch new local lockdown grants

Businesses that are required to shut due to local lockdowns could be entitled to claim up to £1,500 in grant funding every three weeks for each premises that is closed. The new grant funding has been created to support those businesses that are...Read More

Update 10 Sept – The Coronavirus Business Interruption Loan Scheme (CBILS) ends on 30th September 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) has offered important financial support to thousands of businesses across the UK – but it is due to end this month. Although the deadline for accredited lenders to review applications was recently extended until 30th November...Read More

COVID-19 – 1.23 million businesses access Government support schemes

More than 1.23 million UK businesses have accessed COVID-19 support schemes backed by the Government, according to the latest figures from HM Treasury. The data shows that 17 million small and micro businesses have utilised the Bounce Back Loan Scheme (BBLS) as they...Read More

How will you rebuild and recover?

Funding launched to cover cost of professional advice. The value of cashflow forecasting, management accounts and revised business plans is set to come into stark relief as businesses look to rebuild and recover following the easing of lockdown...Read More

Key dates for Coronavirus support schemes, tax and Companies House

There are more than 60 key dates to be aware of in relation to COVID support schemes as well as the usual Companies House and HMRC deadlines. To help you navigate this we have prepared this guide which you we hope you will find useful...Read More

The second round of the Self-Employment Income Support Scheme (SEISS) opens on Monday 17 August

The second round of the Self-Employment Income Support Scheme (SEISS), which is worth 70 per cent of three months’ average trading profits, capped at £6,570, launches on Monday 17 August 2020. You can claim for the SEISS if you are a self-employed individual...Read More