Coronavirus

The Recovery Loan Scheme is running until 30th June 2022. You might be thinking why is this important or could this be relevant to my business? Well, the government continues to support SMEs as they rebuild out of the pandemic. At present, should your business be approved for a Recovery Loan, lenders will not require… Read more

Chancellor Rishi Sunak has set out a £1bn fund to help businesses hit by the rise in Covid cases, including the leisure and hospitality sector. What does this mean? Restaurants, bars, cinemas and theatres can apply for a grant of up to £6,000 for each of their premises. The Treasury is setting aside £683m for… Read more

The Recovery Loan Scheme is a government loan scheme that allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance or asset finance. It replaced the now closed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loan Scheme with Capitalise Many businesses are eager to get… Read more

The furlough scheme ended on 30th September 2021. Most of the workforce is now back on the payroll, however, there is still an estimated 1.6-2 million people who are still on furlough or flexible furlough according to the Office for National Statistics. The current level of government support has also been gradually reduced from 80%… Read more

Following a period of office closure, with our team working remotely during the Covid pandemic, we are delighted to announce that our York, Easingwold and Filey offices will be officially reopening on Monday 2 August 2021. Our York office is now back to normal opening hours: Monday to Thursday 8.00am – 5.00pm and Friday 8.00am… Read more

Employees working from home due to the coronavirus pandemic can continue to claim tax relief on costs not reimbursed by their employer, but a new claim will need to be made for the 2021/22 tax year, HMRC has confirmed. How does it work? Normally, employers can pay a tax-free allowance of up to £6 per… Read more

Up until 3 March 2021 individuals who became self-employed in 2019/20 were not eligible for the First, Second or Third Self-Employed Income Support Scheme grants. However, in the 2021 budget announced on 3 March 2021, individuals who became self-employed in 2019/20 will be eligible for the fourth grant and fifth grant. Why SEISS pre-verification checks are… Read more

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people’. With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021… Read more

You can now make February CJRS claims. These must be made by Monday 15 March. You can claim before, during or after you process your payroll. If you can, it’s best to make a claim once you’re sure of the exact number of hours your employees will work so you don’t have to amend your… Read more

Self assessment taxpayers have an additional four weeks to pay tax or set up a payment plan without being charged a 5% late payment penalty, HMRC has confirmed. In light of the impact of the coronavirus pandemic, HMRC has extended the late payment penalty deadline for self assessment (SA) taxpayers until 1 April. Normally a… Read more