New grants for small businesses announced

< 1 minute to read New grants for small businesses announced. The government has committed £20 million of new funding to support smaller businesses recovering from the effects of the Covid-19 pandemic. The new grant scheme will provide grants of between £1,000 and £5,000 to small and medium-sized businesses to assist with purchasing new technology and equipment or access advice …

Making the most of tax losses

8 minutes to read Recent months have seen numerous Government measures designed to help businesses through the Covid-19 pandemic, from the furloughing scheme and deferred VAT payments to subsidised business loans.  Many businesses will have made use of some of these schemes, and perhaps also received a (taxable) business rates grant.  Nonetheless, many healthy and until now, profitable businesses …

Discretionary Local Authority Grant Funding

3 minutes to read Discretionary Local Authority Grant Funding Local authorities have received additional funding from the Government to assist businesses not eligible for cash grants under the Small Business Grant Fund (SBGF) https://www.gov.uk/guidance/check-if-youre-eligible-for-the-coronavirus-small-business-grant-fund, the Retail, Hospitality and Leisure Grant Fund (RHLGF) https://www.gov.uk/government/publications/coronavirus-covid-19-guidance-on-business-support-grant-funding or other targeted funds, for example for fisheries.  Under the discretionary grant funding scheme, eligible businesses …

Coronavirus; Help for the Self-employed

4 minutes to read Coronavirus – Help for the Self-employed The ‘Self-employment Income Support Scheme’ (SEISS) broadly mirrors the Job Retention Scheme (JRS) previously announced for employees on PAYE, although the eligibility criteria are a little more restrictive.  The JRS has been extended to the end of October 2020, and the SEISS has also been revised to provide a …

Coronavirus – Help for business

9 minutes to read Coronavirus – Help for business (Updated 28 April 2020) Businesses are facing unprecedented challenges during the Coronavirus outbreak, and the government has been quick to acknowledge this and introduce a number of measures to bring relief through the tax system to large and small employers alike.  Further details can be found on HMRC’s website. TAX …

Working from home – what expenses can you claim?

4 minutes to read Working from home – what expenses can you claim? The Covid-19 pandemic has resulted in more employees than ever working from home, whether because of office closures or the need to self-isolate at home.   Many employers and employees will not have considered the tax implications of expense payment associated with home working. To avoid falling …

Coronavirus – Landlords and Tenants

< 1 minute to read The Coronavirus Act 2020 contains a number of measures to assist both tenants and landlords affected by the Covid-19 pandemic.  Tenants The government’s measures do not include a rent ‘holiday’ or specify that landlords must offer a reduction in rent during the Covid-19 pandemic, and rent will continue to be payable in accordance with the …

Coronavirus Covid19

< 1 minute to read In the light of latest government advice on the coronavirus outbreak, we would like to reassure our clients that our offices remain open and our staff and partners are on hand to provide all our usual services. We are making some adjustments to our normal working practices, such as arranging for staff to work from …