As midnight hit on 31st January, most accountants rejoiced knowing their returns were all submitted on time. We were no different, immediately turning our attention to the big changes to come throughout 2021. We thought now would be the perfect time to update you on the major changes in legislation that you may need to....
Coronavirus: Job Retention Scheme Extension… On 31st October the Prime Minister announced that the Job Retention Scheme (JRS) would be extended for a further month. We are awaiting finalised information but currently available information is summarised below: The Job Support Scheme has been postponed and will be reviewed once the extended....
Coronavirus: Winter Economic Plan… Boris Johnson announced new coronavirus restrictions on Tuesday which could last six months. Following this announcement Chancellor Rishi Sunak delivered a statement on Thursday setting out plans to help workers and businesses hit by these new coronavirus restrictions. If you have any concerns, general queries, or specific questions on....
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: 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....
Coronavirus: How to Avoid Scams… Unfortunately, whilst many of us are concerning ourselves with helping others and getting through this difficult time, the Covid-19 pandemic has become a perfect playground for scammers. As of Friday 20 March, City of London Police reported a 400% increase in scams as a result of coronavirus-related fraud. The....