Our Cambridge office is now open 10-4pm Monday to Friday. Snettisham office is open as normal Monday to Thursday. We are still available as usual to help you and your business. 80% of the team are working from home to continue to provide a service to our clients. We are arranging meetings where this is necessary - but most are being held via Microsoft Teams.
Any recently announced information is on our Coronavirus Latest News blog
This practical guide summarises the issues which are important to our clients and does not attempt to duplicate all the many sources of advice which are available. If you have specific issues on your circumstances then contact us.
The furlough system is in the process of being phased out and is due to cease at the end of October 2020. Apart from under very limited circumstances, HMRC are only now accepting claims for staff previously furloughed. To see our latest guidance on this, please click the ‘more details’ link below.
However, the Government has now announced a new scheme which will reward employers who retain employs who have been furloughed - worth £1,000 per employee.
More Details to follow
There are now two loan schemes which will give banks security to lend money to businesses underwritten by the Government. On loans up to £250,000 they are without personal guarantees from the directors. After a slow start banks are now working in the spirit of the legislation. No fees are charged, nor interest in the first year.
CBIL - for larger businesses covers 80% of the loan
Bounce Back Loans - from £2,000 to £50,000 and 100% guaranteed
The government has already paid one set of grants to Self-employed individuals back in July. Now it has opened up applications for a second and final grant. Applications must be made on or before 19th October 2020. If you need any assistance with making a claim then please do not hesitate to contact us. To see if you are eligible, please click the ‘more details’ link below.
There are numerous ways in which HMRC are helping businesses to survive, including tax payment measures. They have also stated that VAT will not be due on PPE for the short-term. Please click the ‘more details’ link below where we have brought all the measures together in a helpful guide.
Additional help for clients in these fields
More details to follow
Additional help for clients who file returns in the US. The US Tax return deadline has been extended see Blog
More details to follow
Additional help for clients who file returns in Australia