News

Business Finance
20 May 2020

Back in February, the Financial Reporting Council (FRC) issued disclosure guidance to companies in response to the growing risks associated with Coronavirus. By law, companies must disclose any material risks. We have already seen a number of large household name companies issuing profit warnings and downsizing...
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Loans and other methods of finance
20 May 2020

The Government has announced a raft of business assistance to help companies large and small. The Coronavirus Business Interruption Loan Scheme (CBILS) is available to UK-based SME businesses with an annual turnover of £45 million or below, and they are able to apply through the British Business Bank, which will lend eligible...
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Property Owners
20 May 2020

The UK residential property sector has been adversely affected by the ongoing Coronavirus pandemic and landlords and tenants may wonder where they stand. To assist tenants and landlords, the Government has introduced several temporary changes to legislation and issued a lot of guidance that attempts to cover a number of scenarios.
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COVID-19 – An assessment of safe working arrangements
18 May 2020

As a result of the Coronavirus pandemic, businesses must assess how their work environment and arrangements can be made safe for employees and visitors. In response to the Government guidance, we have put together guidelines on the steps you may need to take as a business to provide safe working arrangements.
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Coronavirus Job Retention Scheme (CJRS) extended until October
12 May 2020

The Chancellor, Rishi Sunak, has confirmed that the Coronavirus Job Retention Scheme (CJRS) will be extended until the end of October, with no changes until the end of July when employers currently using the scheme will be able to bring back furloughed employees part time.
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“Covid Secure” practical workplace guidance for employers
12 May 2020

The Covid Secure guidance published by the Department for Business, Energy & Industrial Strategy (DBEIS), covers workplaces that can re-open this week, as well as some the Government hopes will reopen on 1 June 2020...
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Get ready to claim the Self-Employment Income Support Scheme (SEISS)
05 May 2020

HM Revenue & Customs (HMRC) will start contacting individuals who may be eligible for the Self-Employment Income Support Scheme (SEISS). The tax authority has said that from 4 May 2020 onwards it will begin reaching out to those who can benefit from the scheme, which will provide a taxable grant worth 80 per cent of their average...
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Eligibility for grant funding
05 May 2020

By now many businesses eligible for grant funding from their local authority, either via the Small Business Grants Fund or the Retail, Hospitality and Leisure Grant Fund, should have been contacted to make them aware that they are eligible, with some already receiving funding. However, there are still lots of businesses out there who...
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Government reduces the penalty for Lifetime ISA withdrawals
05 May 2020

With thousands of workers on lower incomes as a result of the coronavirus pandemic, it is not surprising that many individuals need to dip into savings to support themselves. Unfortunately, those with money saved in a Lifetime ISA (LISA) face a penalty for doing so. To help these savers, the Government has announced that the...
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Bounce Back Loan scheme is now live – apply today
04 May 2020

The Government’s new Bounce Back Loan scheme (BBLS) has now gone live online and is open for applications. This new scheme is aimed specifically at small to medium-sized businesses looking to borrow a smaller amount to assist them with cash flow and other issues.
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