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 [...]
Investing in property is seen by many as a good investment for the long and short term, either renovating and selling properties on for profit, or owning them for the investment potential and receiving rental income every year. Unfortunately for landlords, changes have been introduced [...]
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 [...]
The impact of the coronavirus and government's support for business is changing rapidly so we've updated our blog to outline the key measures for business and the detail behind them where it is available. We will continue to update this post as more information is [...]
You could be working in a family business right now… and not even know it. Sounds like a silly statement, doesn’t it? But the reality is, many people are working with relatives in some capacity and are unaware there is support out there for them. [...]
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 [...]
Here are some of the FAQ’s we’ve been discussing with clients this week. We don’t currently have all of the answers, but we know that some of these questions can’t wait, so where we have been vague, please understand that as legislation and guidance is [...]
