News
A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Latest posts
Kickstart leaves SMEs confused
Outline of the Kickstart scheme, eligibility criteria and links to DWP contacts for employers who wish to take part following initial concerns that those offering less than 30 placements could not access information.
Business exit planning and tax
Exit date, sale to a third party, MBO, family successor, shareholder buyout – has your business exit planning been affected by Covid-19? As a business owner, your decisions have far reaching consequences for you and your dependents. Take them after exploring your options fully with professional tax advisors.
New Dairy Response Fund Announced
Dairy Response Fund, administered by the Rural Payments Agency will cover up to 70% of losses during April and May due to falling milk prices and could be worth up to £10,000 for eligible dairy farmers.
Restructure and reduce risk using a Holding Company
A holding company structure could reduce risk for growing businesses and those with surplus assets. Is it time to reconsider your business structure?
Taxation of Coronavirus Support Payments
Government launches consultation on proposed tax treatment of Coronavirus support grant payments. Responses required by 12 June.
Derby City Council Discretionary Grant Fund – apply now
Check your Local Authority website for details of their application process for the Local Authority Discretionary Grant Fund. Derby City Council’s fund is open for applications now.
Employers to share costs of Coronavirus Job Retention Scheme and SEISS extended
Changes to Coronavirus Job Retention Scheme. Flexible Furlough scheme introduced from 1 July, employers to gradually increase their contribution to wage costs beginning with NI and employer pension contribution costs and rising to 20% by October when the scheme will end. Self Employment Income Support Scheme extended, now ending in August, with a single payment of up to £6,570 to cover June, July and August.
Parity for the self-employed
Calls for parity for the self-employed with those furloughed. SEISS v CJRS
NHS Test and Trace for employers
NHS Test and Trace system is now operational. What we all need to do now and the impact on employers.
We are open for business
Our business very definitely remains open. Here’s an outline of our current working practices, how you can help us with that and reassurance that our help is just as good as its always been. If you need us, don’t hesitate. Get in touch.
Income Tax and NIC exemptions for home office equipment expenses
Those working from home and employers who encourage their staff to purchase their own home-office equipment and reimburse the expense, can benefit from a temporary income tax and National Insurance Contributions relief introduced as a response to Covid-19.
Recover COVID-19 Statutory Sick Pay
Recover the costs of paying COVID-19 Statutory Sick Pay using HMRC’s online service. The service allows employers with less than 250 staff to apply to recover the costs of paying coronavirus -related Statutory Sick Pay for two weeks. The rebate is worth almost £200 per employee.
Plans to reopen retail from 15 June
Plans to reopen retail in a safe and secure manner providing the Government’s five key tests are met, retailers conduct risk assessments and comply with COVID-19 Secure guidelines for shops and branches.
The safe restart of the housing market
The safe restarting of the housing market, following detailed government guidance will be welcome news for homeowners, renters, all those involved in the sale and letting of homes and of course for the housebuilders.
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