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This is a practical guide to specific questions that you may have. It does not attempt to duplicate all the many sources of advice which are available - but interprets the range of opinions and focusses on small and medium sized businesses.
Self-employed individuals who filed as self-employed on their return for the last tax year will be able to make a claim - up to £2,500 per month - limited by the amount of earnings from self-employment over the last three years.
Businesses can claim 80% of the employment costs of employees who are furloughed. Understand what this might mean in practice to maximise your claim.
A new scheme will allow give banks security to lend money to businesses underwritten by the Government. This should mean that they are without personal guarantees from the directors. Banks are not all working in the spirit of the legislation.
The US Tax return deadline has been extended see Blog