News, opinions and useful links
Latest COVID-19 Updates
Coronavirus business support updates from our accounting team. Featuring news from the government and our opinions on how it will impact businesses.
If you have anything that you think we should feature, please get in touch and let us know.
The Government have announced two further grants for the self-employed (not companies).
The grants (SEISS) will cover the period from November 2020 to April 2021 and will be paid in two instalments.
The first lump sum will be 20% of average monthly profits, up to £1,875. We expect it to be paid in November.
The level of the second grant, covering February March and April 2021, will be reviewed by the Government in time to come.
Details of how to apply will be covered on our webinar on 28 September.
As the country prepares for a winter where trade will be difficult, the government have announced further support for businesses.
Funds will be available: to support employers with paying for employees who cannot work full time, for the self-employed and to allow the deferral of tax and Bounce Back Loan repayments.
We are spending the next couple of days working out what this means for you and will then host a webinar to explain how it will impact our clients.
The Kickstart Scheme is designed to pay for 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
Successful applicants will qualify for a £1,500 grant per employee, plus funding for 25 hours a week at National Minimum Wage.
These have to be newly created roles – not filling an existing position. To apply directly, an employer must be creating 30 or more new roles.
Our link to Somerset Chamber is made without expressing an opinion on the service or recommendation to apply. Other organisations are also making applications on behalf of multiple employers who wish to use the scheme for less than 30 new jobs. Please contact us if you would like advice on the Kickstart Scheme.
Welcome to our new feed providing information about the support available to businesses as we deal with coronavirus.
On this page, we will give news, opinions and links to content we think you will find useful.