Coronavirus: Self Employed Income Support Scheme Update…     HMRC has begun contacting taxpayers who may be eligible for the Self-employment Income Support Scheme (SEISS) this week. The communication received from HMRC includes instructions for when the claim portal opens.   Do not worry if you have not yet received communication from HMRC. Information is....

Coronavirus: Local Business Grants Top-Ups…   On Saturday 2nd May 2020 the government announced that a discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.   The 5% top up to the local business grant funds scheme is aimed at closing the gap....

Coronavirus: Bounce Back Loan Scheme Details…     Further details in relation to the BBLS have now been announced including a list of accredited lenders and instructions on how to apply.     Who is it for? The scheme is intended for businesses that are losing revenue and seeing disruptions in cashflow due to the....

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....