There’s more change to the furlough scheme with HM Gov’t introducing a mark 2 scheme from 1st July. Full details to be released shortly; but the key point for you right now is that the new scheme is closed to workers who have not previously been furloughed.  A worker can only be included in the mark

HM Gov’t is gearing up to pay out under the Self Employed Income Support Scheme (SEISS); the scheme where HM Gov’t may pay you a grant equivalent to 3 months profits, should you qualify. So step one is making sure you are eligible.  Go to this tool, here, to check.  You’ll need your NI number and

Bounce back loans have launched today and are already selling like hot potatoes.  Meanwhile the news from the banks is mixed; whilst Santander has been paying out, Nat West are still working on their application form.   Is a Bounce Back Loan for you? Some of you know you need a loan to keep going.  Some are not so

New Government Scheme – the Coronavirus Bounce Back loan What is it? This is a new 100% Gov’t underwritten loan scheme, announced on Monday. Who is it for? Small businesses who would like to borrow up to the lower of 25% of turnover and £50,000. To be eligible you need to have been a viable

The BIG news is… ….that the furloughing portal has opened today with HMRC. This is the portal through which we can claim back the free monies that HMRC have promised under the furloughing scheme. We’ve been working all day trying to get as many claims posted onto the portal as possible. But please bare with

HMRC says its furlough portal will be up and running on 20th April, with the first payments to be made by 30th April, and then in future claims will be paid within 4 to 6 days of application. If this works then that’s a pretty impressive achievement in such a short space of time and perhaps a

A quick update for those of you waiting for their £10K/£25K local authority grant. Quick reminder: You receive a £10K local authority grant if your business benefits from small business rates or rural rates relief You receive £25K local authority grant(s) if you have business premises with a rateable value of between £15K and £51K and are in the

More updates and guidance on furloughing are coming through all the time, so it’s time to go back to some of those unanswered questions from our last furlough message, with the emphasis here on furloughing you in your capacity as company director, rather than the furloughing of team members. Can I furlough myself? Gov’t guidance now says,

Last week the chancellor assured the self-employed that they ‘have not been forgotten’ and announced his self-employed income support scheme. The questions have been coming thick and fast into our office ever since. In this bulletin we answer some of the more common queries that we’ve been dealing with. Who does this scheme apply to?

Onto the second part of that message from our business consultant: I was going to lay XX and YY off so guess gov’t will compensate me for keeping them on. XX is his wife and YY is a part timer. He wants to ‘furlough’ his wife and the part timer and arrange for HM Gov’t