May 12 2020 Coronavirus Job Retention Scheme extended until October Categories: COVID-19 Chancellor, Rishi Sunak, has extended the Coronavirus Job Retention Scheme (CJRS) by another four months until 31 October 2020. In his speech on Tuesday 12 May, he confirmed that the scheme will continue in its current form until the end of July, with furloughed staff continuing to receive 80% of their salary, up to £2,500. more
May 12 2020 The tremendous efforts of our Payroll team Categories: COVID-19EQ AccountingPayroll We want to take the time to publicly applaud the enormous efforts applied by our dedicated payroll department as they support our clients through the ever-changing landscape of the ongoing pandemic. Along with the usual payroll calculations and processing, done remotely in April while the whole team works from home, our colleagues have worked hard more
May 12 2020 Claim details for the Self-Employment Income Support Scheme grant Categories: COVID-19 In our previous article, we outlined HMRC’s new online eligibility checker for the Self-Employment Income Support Scheme (SEISS). This determines whether an individual is eligible for the SEISS grant, and when they can apply. Applications open on Wednesday 13 May, however, applications can only be made during your individual time slot as determined by the online more
May 11 2020 Consolidation of COVID-19 support measures Categories: COVID-19EQ News With new announcements of support and updates to measures previously reported, it can be difficult to know what applies to you and where to go to access relevant funding. We have consolidated the latest information released over the past few weeks relating to businesses and self-employed below. Grant Support On 20 March, Chancellor Rishi Sunak more
May 8 2020 Tech businesses still hopeful of growth despite COVID-19 Categories: COVID-19Technology According to a recent survey published by ScotlandIS, the digital technology sector in Scotland had increased sales and profit margins during 2019 and despite the challenges faced due to the COVID-19 pandemic, many businesses have identified areas for continued growth over the rest of the year. The survey showed that cloud servicing, connectivity and remote working were more
May 8 2020 £100m emergency loan fund for SME house builders Categories: COVID-19Property & Construction The Scottish Government has unveiled a £100 million emergency loan fund to support house builders affected by the COVID-19 pandemic. Small and medium-sized business with liquidity issues due to the temporary closure of the house building sector can apply for a short-term loan of between £50k and £1m spread over a two year term at a fixed 2% more
May 6 2020 Update on the Coronavirus Business Support Fund Categories: COVID-19Leisure As discussed in our previous article, the ‘Coronavirus Business Support Fund’ grants, consisting of the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund, are aimed to help keep small and medium-sized companies in business and keep productive capacity so that they can recover from the impact of COVID-19. These one-off grants are administered by more
May 6 2020 Preparing for the Self-Employment Income Support Scheme Categories: COVID-19 From Monday 4 May, HMRC began to contact individuals who may be eligible for the Government’s Self-Employment Income Support Scheme (SEISS). You can view the summary of the criteria needed to be met in order to be eligible for the scheme in our previous article, and check your eligibility on an online tool which the HMRC more