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How The New Job Support Scheme Works

Update 2 November 2020: On 31 October the Prime Minister announced the second lockdown in England. This lockdown will start from 00:01 Thursday 5 November and last 4 weeks until Wednesday 2 December. This has meant that the end of the Coronavirus Job Retention Scheme (CJRS) has now been delayed until December. To find how […]

Read more October 30th, 2020

The Wellbeing Benefits Of Meditation Breaks

Building in a short meditation break into your working day can help you to feel sharper, more refreshed and energised. The modern workplace is mentally and physically demanding. As business has become more global and complex, we are constantly juggling priorities, multi-tasking and chasing deadlines. Depending on your job, you will experience varying degrees of […]

Read more October 26th, 2020

Protect Your Business Against Fraud

In these uncertain times, businesses are combatting an increased amount of fraud. It is more important now more than ever with the rise of those working from home and accessing secure business networks. Throughout recent months, there have been widespread reports of an increase in fraudulent websites, charity scams and fake emails purporting to be […]

Read more October 26th, 2020

Project Management – Keeping On Track

Project management in a time of remote working can be tough. So how can you keep a big project on track when you are managing conflicting priorities. At the beginning, managing a big project can be exciting and everyone wants to get involved. However, as time goes by, other priorities can prove distracting. Maintaining focus […]

Read more October 26th, 2020

ESG – What’s It All About?

Environmental, Social and Governance (ESG) criteria are a set of standards for a company’s operations. There is growing interest in environmental, social and governance (ESG) considerations in the business community. Many people have strong views and expectations when it comes to corporate behaviour and at the same time an appreciation that businesses are part of […]

Read more October 26th, 2020

Extention Of Self-Employed Income Support Scheme

The Self-Employment Income Support Scheme (SEISS) allowed you to claim a first taxable grant. Applications for the first grant closed on 13 July 2020. The second taxable grant is worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total. […]

Read more October 16th, 2020

Job Support Scheme For Companies Required To Close

The government’s Job Support Scheme (JSS) will be expanded to protect jobs and support businesses required to close their doors as a result of coronavirus restrictions, the Chancellor announced 9 October. Under the expansion, firms whose premises are legally required to shut for some period over winter as part of local or national restrictions will […]

Read more October 16th, 2020

Advisory Fuel Rates For Company Cars September 2020

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 September 2020. Where there has been a change the previous rate is shown in brackets. You can continue to use the previous rates for up to 1 month from the date the new rates apply. For wholly electric cars […]

Read more October 15th, 2020

Job Support Scheme Starts 1 November

The Chancellor has announced a new 6 month Job Support Scheme to help businesses and employees survive the winter months. We are still awaiting full details of the scheme that will replace the current “flexible furlough” scheme but the main features are as follows:- Employers of all sizes will be eligible for the new scheme […]

Read more October 15th, 2020

Get Ready For Leaving The EU On 1 January 2021

The United Kingdom leaves the European Union at 11pm on 31 December 2020 when the transitional period ends. It is still unclear whether a trade deal will have been agreed with the EU by that date, and such an agreement is looking increasingly unlikely. HMRC have started writing to businesses alerting them to important changes […]

Read more October 15th, 2020

Still Considering An Electric Company Car?

There is currently a zero P11d benefit for the drivers of electric cars in 2020/21. The legislation for this change is included in Finance Act 2020 which also states that the benefit will be 1% of list price in 2021/22 and then 2% in 2022/23. The zero taxable benefit also applies to hybrid cars emitting […]

Read more October 14th, 2020

Deferral Of VAT And VAT Cut Continues

Up to half a million businesses who deferred their VAT bills will be given more breathing space through the New Payment Scheme, which gives them the option to pay back in smaller instalments. Rather than paying a lump sum in full at the end March next year, they will be able to make 11 smaller […]

Read more September 25th, 2020

Self-Employed Income Support Scheme Update

The existing self-employed income support scheme (SEISS) grant is to be extended on the same basis as the job support scheme The new Government scheme will last for six months to 30 April 2021. An initial taxable grant will be provided to those who are currently eligible for SEISS and are continuing to actively trade […]

Read more September 25th, 2020

New Job Support Scheme Announced

Yesterday Chancellor Rishi Sunak announced a new job scheme starting 1 November 2020 to replace the current Job Retention (“furlough”) Scheme which ends 31 October 2020. All small and medium-sized businesses are eligible, larger businesses must show their turnover has fallen during the pandemic. Employers can use the new scheme even if they have not […]

Read more September 25th, 2020

Extra Flexibility On Bounce Back Loans

More than a million businesses who took out a Bounce Back Loan will get more repayment time through a new Pay as You Grow flexible repayment system. This includes extending the length of the loan from six years to ten, which will cut monthly repayments by nearly half. Interest-only periods of up to six months […]

Read more September 25th, 2020