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Business Advice General

HMRC publishes Job Retention Bonus guidance

Posted: 11th Sep 2020 by Clair Watmore Blog

The Government has published further detail of the Job Retention Bonus which will be payable to employers who employ furloughed employees until at least 31 January 2021.  Further guidance is due to be published in September.  In this briefing, we outline the key information for employers considering making claims. What is the Job Retention Bonus (JRB)?… Read more

Good Debt vs Bad debt

Posted: 26th Aug 2020 by Clair Watmore Blog

The British Business Bank has announced that the Coronavirus Business Interruption Loan Scheme (CBILS) will be extended by two months to 30th November 2020 for lenders. So far, applications still have to be submitted to lenders by businesses by 30th September, although there are many campaigning for this to be extended. How does it work? This… Read more

New £20m professional services grant includes accountancy advice

Posted: 26th Aug 2020 by Clair Watmore Blog

Small businesses in England can now benefit from a new tranche of government grants designed to help them recover from the impact of coronavirus through professional advice – including guidance from accountants. The scheme, which opened on 19 August, dispenses grants of between £1,000 – £5,000 to small and medium-sized businesses from an overall fund… Read more

Eat out to help out

Posted: 21st Aug 2020 by Clair Watmore Blog

In an attempt to kick start the hospitality industry, earlier this month the government introduced the Eat Out to Help Out Scheme. The scheme will run until the 31st August and will provide diners with a 50% discount on food purchases up to a maximum of £10 per diner. The Eat Out to Help Out… Read more

Temporary reduced rate of VAT for hospitality and tourism

Posted: 21st Aug 2020 by Clair Watmore Blog

The Chancellor’s Summer Statement on 8 July was a bit of good news for some of the sectors that have been hardest hit by COVID-19.  Rishi Sunak announced that from 15 July 2020 until 12 January 2021 certain supplies of hospitality, accommodation and admission to attractions will be subject to VAT at 5% rather than… Read more

Carry Back Corporation Tax Losses

Posted: 4th Aug 2020 by Clair Watmore Blog

Relief for corporation tax losses your company has made in a year can provide it with a refund of corporation tax. The outbreak of Covid-19 has presented companies with a unique set of challenges. Chief among them is how to manage cash flow. Where your company has been adversely affected by the pandemic, it could… Read more

Rebound and Recover

Posted: 10th Jun 2020 by Clair Watmore HGH's News

Hunter Gee Holroyd will be launching a series of short presentations, to support business owners through the next few months, as they seek to grow and adapt their business. Some businesses need to relaunch, are dealing with major changes to their operations or supply chain and may be managing a huge demand in a specific… Read more

Coronavirus Job Retention Scheme – Update

Posted: 5th Jun 2020 by Clair Watmore Blog

On Friday 29th May the Chancellor gave details on the changes to the CJRS scheme effective from 1st July 2020. Closure to new entrants from July The scheme will close to new entrants from 30 June and thereafter employers will only be able to furlough employees that have been furloughed for a full 3-week period… Read more

Life After Lockdown: Cash Flow Planning for the Future

Posted: 20th May 2020 by Clair Watmore HGH's News

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

Easing of the Lockdown for Businesses

Posted: 11th May 2020 by Clair Watmore Blog

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