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....
Coronavirus: Help for the Self Employed… The government is expected to finalise details of a funding plan for self-employed workers on 26 March. Details are to be confirmed but the initial outlook appears encouraging with the draft amendment suggesting that the government will ‘top’ up self-employed workers’ earnings to the lower of 80%....
Coronavirus: Business Support Measures Summary… Since the budget on March 11, which contained various coronavirus related business support measures, there have been an unprecedented number of further announcements, extensions, and revisions. These are still being made daily and more are expected. Our quick guide with links to the detail is laid out below,....
Coronavirus: Tax payment deferrals On Friday 20 March the chancellor made a number of announcements, the most notable one being government support to cover up to 80% of employees wages where those employees were otherwise going to be laid off due to coronavirus. We’ve covered that in our blog here However, several other....
BUDGET 2020 UPDATE… The 2020 budget was unusual in more ways than one. The Chancellor, Rishi Sunak is both one of the youngest and shortest serving Chancellors to ever deliver a budget, and does so in rather remarkable circumstances, the timing coming in the middle of the global Coronavirus outbreak. Additionally, with the effects....
TAXMAN’S PERSISTENT RAID ON LANDLORDS CONTINUES… We take a look at some of the key property tax changes taking effect from 6 April 2020. If this blog raises questions and you’d like to hear how we can help you with any of your property tax issues, we would welcome your contact on either....