Coronavirus

Around 8 weeks into the Coronavirus entering the UK and over 2 weeks since the total lockdown was announced by the Government, the shock, grief and anger phases have now started to wear off for most business owners who have been negatively impacted by this crisis.  Businesses are now turning to the fightback, their business’… Read more

On 4 April, the government published new guidance on the Coronavirus Job Retention Scheme (CJRS).  Up until then, there has been much debate over whether Directors can be furloughed under the CJRS.  In this briefing, we discuss the furloughing of directors and what work they can still do when on furlough as statutory office holders. Can a… Read more

The temporary Coronavirus Business Interruption Loan Scheme supports SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will benefit… Read more

Businesses participating in Making Tax Digital for VAT have until 1 April 2021 to meet the requirement to have ‘digital links’ within their recordkeeping in light of the coronavirus pandemic. To ease the burden on businesses during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in MTD for VAT to… Read more

City of York Council has launched a £1m local emergency fund to help businesses deal with the impact of the coronavirus outbreak. The fund will target a range of support at about 1,000 small and micro companies, who are not set to benefit from the recently announced government support packages. In addition to the creation… Read more

The Chancellor Rishi Sunak has finally announced the measures the UK Government is to take, to help self-employed business people cope with the financial impact of the Coronavirus. This comes a week after the financial assistance package for employed workers was announced, but clearly any scheme to help the self-employed was bound to be more… Read more

Payroll is a vitally important function within a business and never more so now that the Government has confirmed that it will be paying furloughed workers* up to 80% of their wages through reimbursement via HMRC. During these uncertain times, businesses must know that they can rely on the support of their payroll advisers to… Read more

Coronavirus: what landlords need to know As part of their ongoing response to the coronavirus pandemic, the Government has now published the Coronavirus Bill 2020. This bill will require a number of temporary changes to the way the private rented sector operates. The package of reforms to help renters announced are – extending notice periods… Read more

INTRODUCTION FROM KIRSTY MCGREGOR, THE CORPORATE FINANCE NETWORK The advice is relevant and correct up to 12 May 2020 The Corporate Finance Network consists of regional accountancy firms, some of the leading SME business advisers in the UK and I am very proud that they have come together in a very quick way, to collate… Read more

As lock-down measures are gradually being eased, we are delighted to announce the reopening of our York, Easingwold and Filey offices. Our York office is now open normal hours: Monday to Thursday 8.00am-5.00pm and Friday 8.00am-4.00pm. Easingwold opens Tuesday to Thursday 8.30am-4.45pm and Friday 8.30am-4.00pm.  Filey is also open normal hours: Monday to Friday 9.00am-5.00pm. We… Read more