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Support For Nursery Businesses Business Rates

The Government is introducing a business rates holiday for nursery businesses in England for the 2020 to 2021 tax year. Nurseries are eligible for the business rates holiday if: The business is based in England Properties that will benefit from the relief will be: occupied by providers on Ofsted’s Early Years Register wholly or mainly […]

Read more April 9th, 2020

Job Retention Scheme FAQ Part 3

Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. Information in this article based on information as of 6 April 2020. Previous answers from 31 […]

Read more April 7th, 2020

How To Claim For Your Employees’ Wages Through The Coronavirus Job Retention Scheme (CJRS)

The Government recently provided more details on how the CJRS works. Please note the online service you will use to claim is not open yet – we will let you know when it is. We have the capability to calculate and submit your CJRS Claim so please let us know if we can help. Overview […]

Read more April 7th, 2020

Coronavirus Business Interruption Loan Scheme (CBILS) Update

HM Treasury has announced the Chancellor Rishi Sunak is taking further action to support firms affected by the coronavirus crisis by bolstering the business interruption loan for small businesses and announcing a new scheme for larger companies. The Chancellor states: £90 million of business interruption loans approved for nearly 1,000 firms and £1.9 billion corporate […]

Read more April 6th, 2020

Job Retention Scheme FAQ Part 2

Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. Information in this article based on information as of 31 March 2020. Previous answers from 29 […]

Read more April 6th, 2020

Job Retention Scheme FAQ

Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. Information in this article based on information as of 29 March 2020. Further answers from 31 […]

Read more April 6th, 2020

COVID-19 Business Support Update 2 April

Business Secretary Alok Sharma gave the 1 April 2020 daily press briefing on the government’s response to the COVID-19 pandemic. He also gave some updates on the business support offered. He commented: “From today businesses will start benefiting from £22 billion in the form of business rates relief. And grants of up to £25,000 which […]

Read more April 3rd, 2020

Government Relaxation Of Financial Solvency Rules During Pandemic

The government plans to introduce emergency changes to overhaul insolvency laws and give “breathing space” to companies hit by the coronavirus crisis, Alok Sharma, the business secretary has announced, in a move to help prevent mass failures. Laws that make it illegal for a business to trade when it is insolvent are set to be […]

Read more April 3rd, 2020

Coronavirus Video Resources

We’ve compiled all the recordings for our Coronavirus webinars on this one page for ease of use. Please be aware that some things may have changed since the release of the videos. If you have any questions about any of the content, please contact us. Disclaimer: The information provided by Shapcotts Accountants in this video […]

Read more March 31st, 2020

COVID-19 Business Support Update 31 March

Key Government Resources Links You can find an updating list of official resource links here. 1. Department for International Trade (DIT) has issued guidance for UK businesses trading internationally. This advice is for UK businesses that export or deliver goods and services abroad and have been impacted by the spread of coronavirus (COVID-19). It includes: […]

Read more March 31st, 2020

Could The VAT Cash Scheme Help You?

VAT Registered and struggling with cash flow due to COVID 19? Are you on the VAT cash scheme? No? Maybe it’s time to consider changing to it? As accountants, we understand the struggles involving cash flow, especially for small businesses. Now, with the added complications due to Covid-19, it might be time to consider the […]

Read more March 27th, 2020

VAT Payment Deferral

VAT payment deferrals will apply from 20 March 2020 until 30 June 2020. All UK businesses are eligible and this is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. You will still need to submit your VAT returns on time, but will not need […]

Read more March 26th, 2020

Companies To Receive 3 Month Extension To File Accountants

From 25 March 2020, businesses will be able to apply for a 3-month extension for filing their accounts during the COVID-19 emergency. This joint initiative between the Government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. As part of the agreed measures, companies will still have to apply for the […]

Read more March 26th, 2020

COVID-19 Business Support Update 23 March

Key Government Resources Links You can find an updating list of official resource links here. Who is a keyworker? The current list of keyworkers includes the following: Health and Social care (doctors, nurses, social workers, care workers, etc.) Education and Childcare (teachers, social workers, childcarers, etc.) Key Public Services (staff in the justice system, religious […]

Read more March 23rd, 2020

Key Government Resources Links

We have compiled a list of key webpages from the Government website that can be of assistance to you during the current Coronavirus outbreak. Below are some key Government websites where you can access the latest information: Government action plan: https://www.gov.uk/government/publications/coronavirus-action-plan Guidance on social distancing and stay at home: https://www.gov.uk/government/topical-events/coronavirus-covid-19-uk-government-response Travel advice: https://www.gov.uk/guidance/travel-advice-novel-coronavirus Support for […]

Read more March 19th, 2020