• Monthly deadline approaching for furlough claims
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    Monthly deadline approaching for furlough claims

    HMRC has reminded employers that there are now monthly deadlines for furlough claims for staff under the Coronavirus Job Retention Scheme (CJRS). Chancellor Rishi Sunak extended the CJRS until the end of March 2021. The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October. However, following the […]

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  • Third SEISS grant opens as IPSE issues warning

    Third SEISS grant opens as IPSE issues warning

    The third SEISS (Self-Employment Income Support Scheme) grant opens for applications today (30 November). To qualify for SEISS grant, businesses must be adversely affected due to the coronavirus (COVID-19). They must either be currently trading but be impacted by reduced demand or have been trading but be temporarily unable to do so due to COVID-19. […]

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  • Furlough scheme extended until end of March

    Furlough scheme extended until end of March

    Chancellor Rishi Sunak has extended the furlough scheme, officially known as the Coronavirus Job Retention Scheme (CJRS) until the end of March 2021. The CJRS was supposed to have ended after being scaled back to cover 60% of salaries during October. However, on 31 October Prime Minister Boris Johnson announced a new national lockdown for […]

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  • Support for self-employed increased

    Support for self-employed increased

    The government has increased the support available to self-employed workers and extended its emergency business loan schemes as the UK heads for a second national lockdown. Regarding support for the self-employed, the government has increased the third instalment of the Self-employment Income Support Scheme (SEISS). Taking it from 40% to 80% of average trading profits […]

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  • Furlough scheme extended and changed for new lockdown

    Furlough scheme extended and changed for new lockdown

    The Coronavirus Job Retention Scheme / furlough scheme (CJRS) has been extended until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions. On 31 October Prime Minister Boris Johnson announced a new national lockdown for England that […]

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  • Additional information on the Job Support Scheme

    Additional information on the Job Support Scheme

    H M Revenue & Customs have recently shared additional information regarding the Job Support Scheme. Including how you can check whether you are eligible and when you can make your first claim, all details can be found on gov.uk by searching ‘Job Support Scheme’. Or you can click here.   The Job Support Scheme (JSS) […]

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  • Keeping your employees safe during COVID-19

    Keeping your employees safe during COVID-19

    As more businesses begin to open their doors (ourselves included), we understand there may be the nagging feeling of not ‘doing enough’ to keep your employees safe. Within this post we hope to expand on what you as an employer need to be doing differently to keep your employees safe during these times. Risk Assessments […]

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  • Recovery Funding: Gov to provide £20 million

    Recovery Funding: Gov to provide £20 million

    Small businesses in England are soon set to benefit from recovery funding. An additional £20 million in funding to help them recover from the coronavirus (COVID-19) pandemic. The government recently announced that small and medium-sized businesses will have access to recovery funding grants. These are between £1,000 and £5,000 to help them recover from the […]

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  • Coronavirus Job Retention Scheme changes from 1 Sept

    Coronavirus Job Retention Scheme changes from 1 Sept

    As of the 1st September, changes will be made to the Coronavirus Job Retention Scheme. Initially, employers were able to claim back 80% of an employee’s usual wage up to a cap of £2,500. However, from September, this will be reduced to 70% and up to a cap of £2,187.50 per month for the hours […]

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  • Overclaimed COVID-19 Grants: 90 days to notify HMRC
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    Overclaimed COVID-19 Grants: 90 days to notify HMRC

    The Institute of Chartered Accountants in England and Wales (ICAEW) has warned taxpayers that they have 90 days to notify HMRC of overclaimed coronavirus (COVID-19) grants. The 90-day period to inform HMRC of any overclaimed amounts is now law: Finance Act 2020 recently received Royal Assent, which confirms the taxability of the Coronavirus Job Retention […]

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