Unless you’ve decided to tune out of the news completely (and we wouldn’t blame you) you’ll have seen the Chancellor announce a series of steps to take the country out of lockdown. Back when lockdown began and the impact of Covid-19 really started to take [...]
This was always going to be an unusual budget. More eagerly anticipated than usual, it seemed that everyone was waiting to see what would happen. That said there were few leaks with some measures announced ahead of time, so we had a little warning of [...]
So here we are, Lockdown 3.0, with a vaccine around the corner (let's hope). Here’s a reminder of the support available going forward in January 2021 and how it works in case any nuggets of useful information have passed you by. Most of these announcements [...]
Welcome to the latest news on business, Government supports and the economy. CJRS Update What you need to do from 1 September: From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees [...]
Whatever your experience of Covid, it has taught us all something about resilience. Whether you were able to stay open and active, pivot your services, or were forced to close your doors and stop serving altogether - there are lessons to be learned from experiencing [...]
On 8th July the chancellor announced a range of new measures to get the economy moving again. We’ve summarised the key changes: For employers For the hospitality and leisure industry, and The property market For Employers: £1,000 Furlough Bonus A one-off Job Retention Bonus of [...]
What does furloughed mean? As an alternative to redundancy, you can temporarily furlough your staff. The scheme has been in place since mid-March and now from July you can flexibly furlough your employees.  Some FAQs regarding the scheme: How much can I claim? Up to [...]
Small businesses have found it very difficult to borrow from their banks since the start of the Coronavirus crisis.  To combat this, the government has introduced Bounce Back Loans. The full detail is available on the Business Bank website including a list of the banks [...]
Xero now has the ability to calculate 80% of employee’s regular earnings if they have been furloughed. Below are the steps on how to do this when processing your payroll: Check the employee’s start date – You will need to make sure that employees have [...]
