Post dated 5 May 2020 If you are self employed, you could benefit from the Self Employment Income Support Scheme (SEISS), which is the Government support for those sole traders and partnerships affected by the Coronavirus pandemic. HM Revenue and Customs (HMRC) have been refining the advice and support in respect of the SEISS, so …
In response to the difficulties encountered through the Business Interruption Loan Scheme, the Chancellor announced a new loan scheme – The Bounce Back Loan Scheme (BBLS) – for smaller businesses that will benefit from a 100% government-backed guarantee. The Bounce Back Loan Scheme helps small and medium-sized businesses to borrow between £2,000 and £50,000. The …
If you are an employer, you may be affected by the changes to the National Living Wage (NLW). These come into effect from 1 April 2020. The hourly rate for the minimum wage depends upon an employee’s age and whether they’re an apprentice. Firstly, The main rate for employees 25 and over is increasing from …
Written 5 April 2020 We’ve been asked a lot of questions about the support packages announced by the Government for small businesses over the last few weeks. An important aspect of this was the Coronavirus Job Retention Scheme (CJRS), and in particular the process known as furloughing. This is effectively where a business has no …
The Chancellor announced the latest support for small businesses on Thursday 26th March 2020, in the form of the Self Employment Income Support Scheme. This is aimed at people who are self employed, and importantly were self employed before the beginning of the current tax year. It is aimed at levelling the position of the …
Further to our recent blog about how we are responding to the Coronavirus (Covid-19) pandemic, and in view of the lock down announced yesterday (23rd March 2020), we have the following update: At GBM Accounts, we are still working. All of our employees are now working from home. At the moment, face to face meetings …
The Coronavirus (Covid-19) pandemic is having a profound and unprecedented effect on all aspects of our lives. The situation seems to be changing on a daily basis. In respect of how this affects small businesses, since the Budget on 11th March, there have been further announcements in respect of assistance. There were a raft of …
The rate of development of the Coronavirus (Covid-19) has created an unprecedented atmosphere of uncertainty, which has led to self-isolation, partial travel bans, bans on mass gatherings and panic buying. It will also have a significant effect on small businesses like ours, and the clients we provide services to. In the current climate (as from …
The Chancellor Rishi Sunak delivered his first Budget on 11th March 2020. It was against the backdrop of the development of the Coronavirus, which has turned into a pandemic and is potentially going to have a huge impact on the fabric of society over the coming months. For this reason, there were some business friendly …
Merry Christmas! We would like to wish all our clients a Merry Christmas and a Happy New Year. Opening Times Our office will close at 1.00 p.m. on Friday 21st December and reopen for business on Wednesday 2nd January 2019.