On Wednesday 8th July, the Chancellor Rishi Sunak announced his Summer statement to provide further support to the UK economy in the wake of the impact of Coronavirus. With the deepest recession being recorded since records began and the UK economy contracting by 25% in just two months a lot Read more…
Any employees not yet furloughed, must be furloughed no later than today (10 June 2020) to be eligible for support during the final four months of the scheme. The original scheme is due to finish on 30 June 2020, from 1 July to 31 October 2020 an extension of the Read more…
Over 2.3 million self-employed people have so far claimed for the first self-employment income support scheme which saw over £6.8billion paid out. The Chancellor Rishi Sunak has now announced that the self-employment income support scheme will be extended for a second and final time for those affected by Coronavirus (Covid-19). Read more…
With businesses now beginning to re-open as Coronavirus (Covid-19) is going to be here for the long-term, how can you prepare your workplace for the ‘new normal’? There are some simple measures that all businesses can take to ensure their workplace is a safer environment for their employees, these include: Read more…
With the UK economy shrinking at its fastest pace since the financial crisis of 2008, the Coronavirus (Covid-19) lockdown has seen the economy decrease by 2% in the first quarter of 2020. This fall was driven by just one week of lockdown in March, so an even bigger fall is Read more…
As we all adjust to the ‘new normal’ working from home will be commonplace for many of us. Here are some top tips to help you work effectively from home whilst trying to keep sane! (1) Set dedicated working times – decide on your core working hours and stick to Read more…
The Government has launched their 100% backed Micro Loan scheme today worth up to £50,000 or 25% of turnover. The minimum loan amount is £2,000 with a flat interest rate of 2.5% which can be borrowed over six years and the Government will pay the first 12 months’ interest. There Read more…
Due to a number of small businesses reporting their concerns about slow access to Coronavirus (Covid-19) rescue schemes, the Chancellor Rishi Sunak has announced details of a new ‘micro loan scheme’ to help small businesses manage the impact of Coronavirus (Covid-19). Small businesses will now be able to access a Read more…
The Government issued a further update to the Job Retention Scheme on the 9th April in order to clarify some of the gaps that have arisen since the operation of the scheme. Can employees on sick pay be furloughed? The previous guidance stated that you could not furlough an employee Read more…
In an effort to save Charities from collapse the Chancellor Rishi Sunak finally announced a package of £750m of extra funding for frontline charities. With some of the best known charities facing financial hardship due to charity shops being closed and fund-raising events being cancelled they have no means of Read more…
