Coronavirus

Hambleton District Council launched a new government led grant scheme on 2 June for Hambleton businesses.  The ‘local government discretionary grant scheme’ has been set up to help businesses who have previously been outside of the scope of the two other coronavirus business grant fund schemes.  The application window will be open for two weeks… Read more

Date: Wednesday 3rd June 2020 Time: 11.00am (approx. 30/45 mins) Location: Zoom (joining details will be sent following registration) In the wake of the COVID-19 pandemic, many businesses have been understandably focused on stabilising cash-flow. As restrictions start to be eased, businesses will begin to look to the future and plan for recovery. For this reason, we… Read more

Mark Grewer of Hunter Gee Holroyd based in York, is calling on the Chancellor to consider a further overhaul of the CBILS scheme, or to supplement this with other grants to support the working capital needs of the country’s SMEs as he announces that the furlough scheme is to be gradually withdrawn. He explains: “As… Read more

Following the Prime Minister’s address to the nation yesterday evening (Sun 10th May, transcript here) we have received many messages asking our opinion on what that means for their business. We believe that the following must be possible before a business is ready to re-open: 1. If your staff can work from home, they must continue to do… Read more

The scheme the Chancellor has announced is expected to cover around 95% of current self-employed business people, but there are a number of self-employed who will not be covered. Who can claim You can claim if you’re a self-employed individual or a member of a partnership and: you traded in the tax year 2018 to… Read more

Rishi Sunak announced yesterday details for the new Bounce Back Loan Scheme. Small businesses will benefit from the new fast-track finance scheme, providing loans with a 100% government-backed guarantee for lenders. If you are a small business who struggled to get a CBILS loan then this could be for you. The loans will be easy… Read more

If your employees are working from home due to the coronavirus lockdown, there are important tax compliance issues to consider before reimbursing expenses. Our tax team explains what to look out for: 1. Supply of one mobile phone and sim card per employeeThe supply of one mobile phone per employee is non-taxable.  There is no need… Read more

The government has launched a new online platform to help businesses and the self employed easily determine what financial support is available to them during the coronavirus pandemic. The coronavirus business support finder tool on gov.uk asks business owners to complete a short online questionnaire, and they will then be directed to a list of… Read more

Please note that our Payroll team are currently experiencing a very high volume of enquiries in light of the COVID-19 outbreak and Furlough announcements. If you have an enquiry which relates to furlough and/or payroll, please can we ask that you get in touch with your Client Manager directly, rather than our payroll team. This will ensure that… Read more

Employees who started new jobs up until 19 March have now been brought into the scope of the Coronavirus Job Retention Scheme and their employers can make a claim for 80% of their wages. The change was revealed in HM Revenue & Customs’ fourth iteration of its furlough scheme guidance, which has been published today (15… Read more