Category: All posts

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

Posted on by Samantha Nicholson

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

Posted on by Samantha Nicholson

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

Posted on by Samantha Nicholson

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

Posted on by Samantha Nicholson

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[…]

Covid-19 – Support for Businesses and Self-Employed more detail

Posted on by Samantha Nicholson

This post was last updated on 23 March 2020. The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including: a Coronavirus Job Retention Scheme deferring VAT and Income Read more about Covid-19 – Support for Businesses and Self-Employed more detail[…]

Covid-19 – Support for Businesses and Self-Employed

Posted on by Samantha Nicholson

The situation for Covid-19 is changing quickly, this information will help keep you up to date with current government advice and guidance, helping you quickly get to the facts. The information below was last updated on 20 March 2020. The Chancellor has set out a package of temporary, timely and targeted measures to support public services, Read more about Covid-19 – Support for Businesses and Self-Employed[…]

As a director, what should I pay myself in 2020/21?

Posted on by Samantha Nicholson

Such a simply question, you would think, however it produces a complicated answer. For this calculation, we have assumed the following: The director wants to preserves their entitlement to state benefits, and The director wants a salary which saves the most tax and national insurance. First of all let us look at preserving your entitlement Read more about As a director, what should I pay myself in 2020/21?[…]

National Minimum Wage and Live In Wage rates from April 2020

Posted on by Samantha Nicholson

The National Live in wage and the National Minimum Wages is set to rise in April 2020. Rates per hour depend on your age and whether you’re an apprentice – you must be at least school leaving age to get it. New rates, which come into effect from April 2020: Year 25 and over 21 Read more about National Minimum Wage and Live In Wage rates from April 2020[…]