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Email: jon@proactive-accounting.com
The Limited Company Director’s Support Scheme £3,500 Taxable Grant To be eligible for the scheme you (the Director) must meet all of the following criteria: You are a Northern Ireland Resident. You are a Person with Significant Control (PSC) for the company/companies* listed in your application (i.e. you hold more than 25% of shares in…
Has your business been ordered to shut or operating at minimal capacity due to increased Covid-19 restrictions within Northern Ireland? You can apply for the Coronavirus Localised Restriction Support Scheme. Initial guidance from the rates office was that you did not need to apply for this if you received prior rates grants, but following discussions…
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…
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…
As you should hopefully be aware, the current government furlough scheme will end completely on the 31 October 2020 to be replaced by the new “Job Support Scheme” (JSS). For employers this represents a big drop in the funding available to keep employees on the payroll. It appears that this Job Support Scheme (JSS) will…