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Details Of Fourth Self-Employed Income Support Grant

Like the CJRS scheme for employers, the Self-Employed Income Support Scheme (SEISS) has been extended to September 2021, and details of claims for the fourth grant have now been released. This fourth grant covers February, March and April 2021. There will then be a fifth grant covering May to September 2021. The latest grant allows […]

Read more May 11th, 2021

Details Of Latest CJRS “Furlough” Grants

The fourth version of the CJRS “furlough” grant scheme started on 1 May 2021 and will run until 30 September. Employees affected will continue to be supported such that they are entitled to be paid at least 80% of their “usual pay” subject to a limit of £2,500 a month for hours not worked. The […]

Read more May 10th, 2021

Business Support Grants

Following on from the Prime Ministers announcement of a further lockdown with effect from 5 January 2021, there has been a further update to business assistance grants. The Coronavirus grant is for businesses that have been required to close due to national restrictions as of 5 January 2021. A business is eligible if it occupies […]

Read more January 13th, 2021

Local Restrictions Support Grant (For Open Businesses)

The Local Restrictions Support Grant (LRSG (Open)) supports businesses in England that have been severely impacted due to temporary local restrictions. Businesses that have not had to close, but which have been severely impacted due to local tier 2 or tier 3 restrictions, may be eligible for LRSG (Open). Eligible businesses may be entitled to […]

Read more December 9th, 2020

Coronavirus Bounce Back Loan

29 lenders have now signed up for the Bounce Back Loan (BBL) scheme. BBL enables smaller businesses to access finance more quickly during the coronavirus outbreak. The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000. The government guarantees 100% of […]

Read more December 9th, 2020

Government Announces Christmas Grant For “Wet-Led Pubs”

Prime Minister Boris Johnson has announced an additional £1,000 Christmas grant for ‘wet-led pubs’ in England in tiers 2 and 3, who will miss out on turnover during the busy Christmas period. Pubs that predominantly serve alcohol rather than provide food, have been asked to make sacrifices over the festive season and will be eligible […]

Read more December 9th, 2020

New Penalties For Overclaimed CJRS, SEISS And “Eat Out To Help Out” Grants

HMRC have announced that they will be imposing penalties of up to 100% of the amounts overclaimed on businesses so make sure that your claims are correct. The penalties depend on whether or not the overclaim is the result of a deliberate error and whether or not the disclosure was prompted by HMRC. The penalty […]

Read more December 9th, 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

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

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

Limited Company And LLP Moratorium

How to apply for breathing space to consider a rescue plan for your company. Using a moratorium to support companies and other types of business in financial difficulty. If your business has been or is really struggling, you can get “formal” breathing space to consider a rescue plan for your company. A moratorium gives struggling […]

Read more July 2nd, 2020

What Affects The Self-Employment Income Support Scheme?

The Self-Employment Income Support Scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total. If you are self-employed or member of a partnership find out how your circumstances can affect […]

Read more June 15th, 2020

Apply For The Coronavirus Local Authority Discretionary Grants Fund

The Discretionary Grant Fund supports small and micro businesses that are not eligible for other grant schemes opened on the 8 June in England. Small and micro businesses with fixed property costs that are not eligible for the Small Business Grant Fund or the Retail, Hospitality and Leisure Grant Fund may be eligible for the […]

Read more June 11th, 2020

Extension Of Self-Employed Support Scheme

Alongside the announcement of changes to the Job Retention Scheme on 29 May 2020, the Chancellor also provided detail of the extension to the Self-Employed Income Support Scheme (SEISS). Self-employed people can continue to apply for the first grant up until 13 July 2020 which is for 80% of their average monthly trading profits. This […]

Read more June 2nd, 2020

Additional £40M For Cutting-Edge Start-Ups

Innovative businesses and start-ups are set to benefit from a £40 million government investment to drive forward new technological advances. The government is doubling investment in the Fast Start Competition with an additional £20 million. The competition aims to fast-track the development of innovations borne out of the coronavirus crisis while supporting the UK’s next […]

Read more May 26th, 2020