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Email: jon@proactive-accounting.com
In line with yesterday’s budget there are a few things that everyone should be aware of. We’ve done our best to keep this as brief and easy to read as possible, there are ample guides elsewhere which can summarize the budget in more technical language. Most of the information thus far comes from the chancellors…
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…