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Accountants in Maidstone, Kent

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Month: May 2020

Chancellor confirms job furlough scheme to close in October

29th May 202029th May 2020 admin
furlough

Chancellor Rishi Sunak has outlined details of the extension to the Coronavirus Job Retention Scheme. The scheme currently allows businesses to keep salaried staff contractually employed, but not working, while the government pays 80% of their incomes. The plan was… Read more

Posted in Latest News

Mortgage payment holiday extended for further three months

22nd May 202022nd May 2020 admin

Mortgage holidays started in March, allowing people to defer payments without affecting their credit rating. That respite from payments would end for the first applicants in June and the Treasury said the extension would provide certainty for those affected. However,… Read more

Posted in Latest News

Coronavirus Statutory Sick Pay Rebate Scheme set to launch | HMRC

19th May 202022nd May 2020 admin

A new online service will be launched on 26 May for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to their employees, the government announced today (19 May 2020). The Coronavirus SSP Rebate Scheme… Read more

Posted in Latest NewsTagged covid19 support, furlough, goverment, goverment help, money, wages

COVID-19 Resource Update to help you in the right direction

12th May 202012th May 2020 admin

There are different sources of finance and assistance available from the Government designed to help you, and your businesses. Here is a guide of what is available. Self-Employed Income Support Scheme (SEISS) We are unable to apply for this on… Read more

Posted in Latest NewsTagged covid19 support, goverment help

Chancellor extends furlough scheme until October

12th May 202012th May 2020 admin

Chancellor of the Exchequer has extended the Government’s furlough scheme until the end of October. Announcing the decision in the house of commons the Chancellor revealed that “no changes whatsoever” will be made to the current scheme until the end… Read more

Posted in Latest NewsTagged furlough, goverment, money, wages

Self-Employment Income Support Scheme: eligibility and how to make a claim

7th May 202012th May 2020 admin

The Self-Employment Income Support Scheme allows those who qualify to claim a grant of 80% of their average monthly trading profits. It is paid out in a single instalment ‒ so the equivalent of getting three months’ worth of money… Read more

Posted in Latest News

100% Government Backed Bounce Back Loan is Launched

6th May 2020 admin

The Government has announced a new 100% Government backed loan scheme for small businesses. Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor announced yesterday. Chancellor Rishi Sunak… Read more

Posted in Latest News

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