The following information on how to furlough employees is designed to help business owners understand the furloughing process and is correct at 29 March 2020.
The government will pay self-employed people a taxable grant based on their previous earnings over the last three years, worth up to 80% of earnings, and capped at £2,500 a month.
The Covid-19 (Coronavirus) pandemic has caused a sudden, rapid decline in economic activity in recent weeks. The situation has been described by many Agency contacts as being worse than the financial crisis in 2008.
Businesses will be able to apply to Companies House for a 3-month extension on filing their accounts. All companies who apply for an extension as a result of COVID-19 will automatically be granted the extension without needing to provide evidence.
We thought it might be helpful for you if we gave you some further information on the CBILS (Corona Business Interruption Loan Scheme)
The following is a summary of the financial support measures to counter the disruption due to the COVID-19 (Coronavirus) outbreak
Rishi Sunak announces Government package to protect workers and their employers
Following the World Health Organisation’s classification of the Coronavirus (COVID-19) outbreak to Pandemic, we have undertaken a review of our business in order to ensure that we are taking all appropriate steps and precautions to look after our employees and clients, whilst at the same time minimising any potential disruption to the service we provide to you.
In the last few days, the Government has made major announcements about help for small businesses and individuals affected by coronavirus. Below is a summary of the significant points, although details are awaited as to how some of these schemes may be accessed.
Tim has agreed to become part of ABG’s rapidly expanding team and will be providing consultancy services, which will add value and additional expertise to ABG’s Tax team.
From April 2020, every medium and large private-sector firm in the UK will become responsible for setting the tax status of any contractor they use, as is the case in the public sector.
The Government revealed a string of concessions to lessen the severity of the policy, which seriously distressed those affected.
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