The help to grow digital is part of the Government's Plan for Jobs scheme, to help the UK back to work and to recover from the effects that COVID-19 has had on the UK economy. The scheme is aimed at small to medium sized businesses looking to adopt digital technologies and software products to help make their business more efficient.
Read MoreOn the 12th of May 2020, the Government announced a further extension to the Coronavirus Job Retention Scheme. The scheme will not remain open until the end of August with employers able to furlough employees and receive funding for 80% of the employees wages.
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It is now possible to claim for staff that were employed as of the 19th of March 2020 and were reported to HMRC on a real time information submission on or before March 19th, 2020. This was extended from the previous qualifying date of the 28th of February 2020.
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One of the measures that the Chancellor has announced to protect jobs and businesses throughout the COVID-19 outbreak was the Coronavirus Job Retention Scheme. This allows a business to claim 80% of the wages of staff, up to a maximum of £2500 per month, that have been furloughed as a result of the Coronavirus outbreak.
Read MoreOn the 8th of April 2020 The Chancellor announced a £750million support package for UK Charities to ensure that they can continue to work through the COVID-19 outbreak. This package will help to support hospices and charities caring for people suffering from domestic abuse.
Read MoreYour accountant should be your major source of support for your business during both good and bad times. They give you advice and support how to run your business and help you keep up to date with changes in tax and regulations. It should therefore be the case that during the current COVID-19 outbreak that your accountant should be your guide to navigating your business through this crisis.
Read MoreIt was announced on the 3rd of April 2020 that The Chancellor is to take further action to increase the support given to businesses under the Coronavirus Business Interruption Loan Scheme. The scheme is to be extended so that more businesses can benefit, and it is easier to apply and access essential funds during the current COVID-19 Crisis.
Read MoreAs well as help for businesses and self employed the government as also announced help for individuals during the COVID-19 outbreak.
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We have been asked by several our clients how they can access funding from The Government for their business due to Coronavirus. Due to the nature of the current outbreak a lot of the funding as been announced, but a lot of the systems are not fully working yet and are currently being set up by HM Revenue and Customs.
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The Governments response to the COVID-19 has been swift and comprehensive, the level of support given to business was also required since the guidance has been that employees where possible should work from home.
Read MoreYou are entitled to use this scheme if you have lost income due to the Coronavirus and are self-employed or if you are a member of a partnership. This scheme will give you a taxable grant of 80% of your trading profits up to £2500 per month for the next three months and may be extended if required.
Read MoreThe Chancellor has set out a series of measure to help the UK economy cope with the disruption caused by COVID-19, below is a brief summary of the packages announced.
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