Student Loan & Postgraduate Loan (PGL) thresholds and rates from 6 April 2020

The thresholds and rates from 6 April 2020 are: • Student Loan Plan 1 – £19390 • Student Loan Plan 2 – £26,575. Plan 1 and Plan 2 repayments are calculated at 9% of the income above the threshold. • Postgraduate Loan – £21,000. Postgraduate Loan repayments are calculated at 6% of the income above Read more about Student Loan & Postgraduate Loan (PGL) thresholds and rates from 6 April 2020[…]

Grants for small businesses Update

As you know, it was announced by the Government that small businesses who are in receipt of small business rate relief and rural relief will receive a £10,000 grant. What is Available £10,000 for businesses in receipt of Small Business Rates Relief (SBRR) or Rural Rates Relief £10,000 for retail, hospitality or leisure businesses with a Read more about Grants for small businesses Update[…]

Grants for small businesses

As you know, it was announced by the Government that small businesses who are in receipt of small business rate relief and rural relief will receive a £10,000 grant. If a business is eligible for this grant, you local authority will endeavour to contact businesses directly once further guidance from Government on how this will Read more about Grants for small businesses[…]

Companies to receive 3-month extension period to file accounts during COVID-19

From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. There are approximately 4.3 million businesses on the Companies House register, and all companies must submit their Read more about Companies to receive 3-month extension period to file accounts during COVID-19[…]

Job Retention Scheme – Furloughed workers

What is Job Retention Scheme (JRS) The Coronavirus Job Retention Scheme allows all UK employers to access financial support to continue paying part of their employees salary that would otherwise have been laid off due to Covid-19. It prevents against layoffs and redundancies. What organisations are eligible? All UK companies are eligible: limited companies, sole Read more about Job Retention Scheme – Furloughed workers[…]

Statutory self-employment pay

The Coronavirus Bill, currently going through parliament is set to pay self employed 80% of their net monthly earnings (average over the last three years) or £2,917, whichever is lower. Workers who have only recently become self-employed would have to prove a record of regular income to claim the cash – through receipts and banking Read more about Statutory self-employment pay[…]

Coronavirus – An update from FSB’s National Chairman

Below is an email, we have just received from FSB and we wanted to share this with you, as we believe this is valuable information for everyone, not just members of the FSB. Hello  This is clearly a very difficult time for all of us as small business owners, and I want to reassure you Read more about Coronavirus – An update from FSB’s National Chairman[…]