News

No Acknowledgement of Directors Income Support From Uk Government

Last week there was a bit of a flurry in the press around the Government potentially backing a proposal by the Federation of Small Businesses and the Association of Chartered Certified Accountants to pay company directors who are compensated via Dividends an equivalent of the SEISS grants. https://www.ft.com/content/e6277d45-0383-4c46-84f7-00d53a741026 Under the proposed scheme, company directors who…

Read more

Covid Support Schemes November 2020

Further to our last post about the Job Support Scheme, we have to warn you that it is no longer relevant as of Monday.  The government have delayed its introduction for another month, instead they have extended the older more generous scheme and will pay 80% of furloughed employee’s wages with employers covering employer’s NIC and pension…

Read more

Covid-19 – Updated News and Reliefs for Businesses

The chancellor has set out temporary measures to support services through this period of disruption. The following measures are introduced to support businesses: Coronavirus Job Retention Scheme All UK businesses will be eligible. Under this scheme you will be able to “furlough” workers who are unable to perform their jobs because of Coronavirus. HMRC will…

Read more

Covid-19 – Relief for Businesses

How does the outbreak of Coronavirus affect your business? The Government has offered support to small to medium sized businesses with costs relating to Statutory Sick Pay (SSP) by refunding eligible SSP as a result of the COVID-19 if certain criteria are met: Must have less than 250 employees as of 28 February 2020 Can…

Read more