Category Archives: Corona Virus

Furlough Worker Explained

Furlough Worker Explained

HMRC meaning If you and your employer both agree, your employer might be able to keep you on the payroll if they’re unable to operate or have no work for you to do because of coronavirus (COVID-19). This is known as being ‘on furlough’. Once you are on furlough you will not be able to […]

Remote Working – Some Practical Advice

Remote Working – Some Practical Advice

Remote working has been recommended by the Government in the UK to help control the Coronavirus outbreak. For some accountants this is nothing to worry about, they are familiar with working remotely and they have set up their practices accordingly. However, for some firms this is a totally new experience and something many have not […]

Coronavirus – HMRC Support If You Cannot Pay Your Tax Bill On Time

HMRC Granted New Powers To Crack Down On Covid-19 Related Fraud

The recent Coronavirus has posed challenges that have deep and far-reaching consequences to all businesses. One of the most serious challenges is managing cashflow. HMRC have a helpline to support those businesses who are struggling to pay VAT, PAYE, Income Tax and Corporation Tax. HMRC will discuss with you about your situation to explore options […]

Coronavirus – Financial Disruptions For Employers

Coronavirus - Financial Disruptions For Employers

Employment costs The government is working to prepare the Legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows: The refund will cover up to 2 weeks’ SSP per eligible employee who has […]

Coronavirus Business Interruption Loan Scheme (CBILS)

Illegal Dividends

On 17 March 2020, the UK Chancellor announced a series of measures to support UK businesses.  £330billions of Government guarantees for bank loans. CILS (Coronavirus Interruption Loan Scheme) extended from £1.2 million up to £5millon – starting 17th March. Funding grants for up to £25,000 for smaller businesses. How does the CILS work? Coronavirus interruption […]