Author: Jacquelyn Kimber

2 minutes to readSelf Employed Income Support Scheme (SEISS) – further grants The SEISS has been extended for a further six month period, with further grants being available for two separate three month periods from 1 November 2020 to 31 January 2021 and 1 February 2021 to 30 April 2021.  The third grant covering the period November 2020 …

Continue reading "Self Employed Income Support Scheme (SEISS) – further grants"

4 minutes to readJob Retention Scheme Extended The Job Retention Scheme (JRS), first introduced in March 2020, has been extended until 31 March 2021, to support business through the new national lockdown in place from 5 November. The level of support under the extended JRS will match that of the original scheme in August, in that the Government …

Continue reading "Job Retention Scheme Extended – Nov 2020"

< 1 minute to readNew 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 …

Continue reading "New grants for small businesses announced"

3 minutes to readDiscretionary 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 …

Continue reading "Discretionary Local Authority Grant Funding"

6 minutes to readJob Retention Scheme (JRS) – Updated 01/06/20  The JRS is designed to protect jobs by providing cash to employers who might otherwise be forced to make staff redundant. It is estimated that approximately two thirds of UK businesses are intending to make use of the JRS. The scheme covers the cost of wages backdated to …

Continue reading "Job Retention Scheme (JRS)"

4 minutes to readCoronavirus – 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 …

Continue reading "Coronavirus; Help for the Self-employed"

2 minutes to read‘Bounce Back’ Loan Scheme A new loan scheme focused on small and medium-sized firms was announced by the Chancellor on 27 April 2020, in response to concerns that the Coronavirus Business Interruption Loan Scheme (see below) was not working sufficiently well for the smaller business sector.  Under the Bounce Back loan scheme, loans of between …

Continue reading "‘Bounce Back’ Loan Scheme"

9 minutes to readCoronavirus – 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 …

Continue reading "Coronavirus – Help for business"

4 minutes to readWorking 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 …

Continue reading "Working from home – what expenses can you claim?"

< 1 minute to readThe 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 …

Continue reading "Coronavirus – Landlords and Tenants"