Self-employment income support scheme second payment HMRC have release information regarding the second Self-Employment Income Support Scheme for eligible people. HMRC will be writing to self-employed people this week who may be eligible to make an additional claim for the SEISS grant. The scheme will open for new claims on 17 August and those that [...]
The latest news on the job retention bonus. The Job Retention Bonus is a one-off payment to employers of £1,000 for every employee who they previously claimed for under the scheme, and who remains continuously employed through to 31 January 2021. Eligible employees must earn at least £520 a month on average between the 1 [...]
How to register your business for the scheme. The governments new eat out to help out scheme begins on the 3rd August 2020. Those businesses that wish to participate in the scheme will need to register with HMRC before the 3rd of August. HMRC have issued a guide with more information on who is eligible [...]
Kickstarter Scheme. The government has introduced a new Kickstarter scheme to help get young people back to work. So what was announced? If you are an employer and create new jobs and employ Kickstarter (Age 16-24) government will pay six months salary (25 hours @ minimum wage). The government-funded element only covers the National minimum [...]
What are the new furlough scheme changes and how will they affect you. To be eligible for flexible furlough from 1st July, the employee must has have been furlough for a minimum of 3 weeks in the period 01st March 2020 to 30th June 2020. Any new entries to the furlough scheme must have been [...]
What is changing to the job retention scheme? The Job retention Scheme will close to new entrants from 30 June 2020. If you haven’t furloughed employees yet and may wish to do so post 30 June 2020, you will need to furlough them soon to ensure that they are furloughed for a full 3 week [...]
Hello! On the 26th May, a new online service will be launched for SME's to recover any SSP payments made to their employees. For clients that have been affected by this, we will be in touch once we have more information and understand how the process works. Read the latest press release here.
Today some of you will be able to claim your self employed grant. I have been given some inside information on how easy it is! If you have already checked to see if you are eligible and been given a "yes" then all you have to do is the same process again but there are [...]
If you are self-employed HMRC will soon be contacting you regarding the new grants available. Use this link to check if you are eligible to make a claim. Your income from self-employed must make up 50% or more of your income from your 2019 tax return to qualify. Remember these grants are taxable and we [...]
On Monday, the 4th May a new Bounce Back Loan scheme to help small and medium-sized businesses will be launched. The new finance will be available based on 25% of turnover, capped at £50k and with a 24hr turnaround. The loans will be 100% guaranteed by the government and there will not be any fees, [...]