Can I claim a COVID grant for self-employment?
How can self-employed / gig workers survive during this distressing time of Covid 19? The Chancellor has rapidly put together a Covid relief package , Self Employed Income Support Scheme (SEISS) A taxable grant can be claimed worth 80% of trading profits and amounting to not more than £2500 monthly. This will be available for […]
What are the Advantages of Online Bookkeeping Services?
Gone are the days when businesses used traditional methods for bookkeeping through office-based accounting firms. In today’s fast paced and technologically advanced world, small businesses and startups should be looking to switch to online accounting software. Using cloud based software gives you upto date information on the health of your business in real time. The […]
HMRC Job Retention Scheme : Do You Qualify ?
For EmployersIf you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and pension contributions (up to the level […]
Coronavirus Business Interruption Loan Scheme
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch next week to support businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to […]