Coronavirus: ‘Bounce Back’ Business Loan Announced… Rishi Sunak, yesterday updated the range of loans available to businesses because of the impact of Covid-19. The newest type of loan has been named the ‘Bounce Back’ loan with it being described by The Chancellor as a “simple, quick, easy solution for those in need of smaller....
Coronavirus: Grants available to help with costs of professional advice… Business Support has never been more important in this turbulent time The team at Sowerby are available to assist you in any way we can. However, for those concerned about the cost of seeking detailed advice the Humber LEP Growth hub are....
Coronavirus Job Retention Scheme Portal Open… HMRC opened the online Coronavirus Job Retention Scheme (CJRS) portal this morning, suggesting that once employers have claimed HMRC will pay the claim amount by BACS into their bank account within 6 working days. For detailed information on how to access the portal and details you....
Coronavirus: Working from Home… Sowerby, like many other firms, have been doing a lot more working from home since the start of the Covid-19 outbreak. Use of the acronym ‘WFH’ might have brought you confused looks a few weeks ago, but seems part of everyday language now. While that brings up a....
Coronavirus: Job Retention Scheme Live Date Announced… The Chancellor, Rishi Sunak, called on HMRC to assist with delivering financial support to businesses during the coronavirus outbreak. One of the biggest measures introduced so far is the Covid-19 Job Retention Scheme (JRS) which is scheduled to go live later this month. HMRC have announced....
Coronavirus: Employers and Statutory Sick Pay… We cover some of the details of the Statutory Sick Pay Rebate Scheme (SSPRS) introduced as a result of Covid-19. When is SSP due in relation to Coronavirus? Its important to divide employees into three categories affected by coronavirus. Those unavoidably absent from work before 13 March.....
Coronavirus: Furloughing and Job Retention Scheme – Frequently Asked Questions… How long will the scheme run for? The intention is for the scheme to run for at least three months from 1 March 2020 but it will extended if necessary. How do I choose which staff are going on furlough? There must be....
Coronavirus: Self Employed Income Support Scheme – Frequently Asked Questions… I work in construction as a subcontractor. My site is still open, and I have been informed I should be attending work. I have no underlying health issues but do not feel safe attending site. Where do I stand? There has been no....
Coronavirus: Changes to Insolvency Rules… The government are making changes to the way formal insolvency and wrongful trading rules operate to allow businesses affected by the coronavirus crisis to continue to trade through the exceptional circumstances that they currently face. This statement was made on 28 March but the changes will have retrospective....
Coronavirus: Funding if you are Self-Employed.. The government unveiled measures on 26 March to support the majority of self-employed workers experiencing trading difficulties due to Covid-19. Key details of this scheme and first steps to considering whether you are eligible are included below. Information about funding is changing rapidly and the information below is correct as at 26....