COVID-19

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Download this COVID-19 Guide containing available financial and business support grants for businesses

You can download the COVID-19 Guide containing available financial and business support grants for businesses here. Get in Touch Just fill in your details here if you need help with the grants or wish to discuss some other matters. Lanop Accountants and Tax Advisers for Small and Medium Businesses We are your local Chartered Accountants and Tax Advisers based in Putney, Harley Street and Battersea. We…

COVID-19 Extended Support announced by the Government to provide further relief to businesses

With uncertainty around COVID-19 still looming around the world, the UK government has decided to extend their COVID-19 support to certain schemes to help and assist businesses facing a downturn. Extended support has been provided for Job Support Scheme, Self-Employment Income Support Scheme,  Job Retention Bonus, Coronavirus Job Retention Scheme Deferring VAT and PAYE Tax Payments and Coronavirus Loan Extension Scheme. What is the…

Job Retention Bonus Scheme gets further guidance from HMRC

Previously, Job Retention Bonus was announced by the Chancellor along with other new measures. Now HMRC has provided further guidance for the Job Retention Bonus including the eligibility criteria and when you can claim the bonus. How can you claim the bonus? A one-off payment of £1,000 for every eligible employee furloughed or continuously employed until at least 31 January 2021 can be claimed…

Job Support Scheme expanded to support businesses required to close their doors to protect jobs

The government has expanded the Job Support Scheme to save jobs and support businesses required to close their doors due to coronavirus restrictions. What type of support will be provided to businesses required to shut in winters? Firms legally required to shut for some period over winter as part of national restrictions can expect to receive grants to pay the wages of staff not…

HMRC introduces Job Support Scheme to protect jobs during Winter Season

The Job Support Scheme has been introduced to safeguard jobs that are crucial but facing lower demand in winters due to COVID-19. As a result, people who wish to work can do so but with shorter work hours, without being made redundant and earn a minimum of 77% of their normal wages. It may also be pertinent to mention that employers using the Job…

Coronavirus Business Interruption Loan Scheme ends on 30th September
Apply for the Coronavirus Business Interruption Loan Scheme before it ends on 31st January 2021!

Coronavirus Business Interruption Loan Scheme (CBILS) is set to end on 31st January 2021 after helping to eliminate financial difficulties of small and medium sized businesses due to the coronavirus pandemic. Under the scheme, up to £5 million can be accessed by businesses affected by COVID-19 and the government will be paying interest and fees for the first 12 months – guaranteeing 80% of the…

VAT changes for a period of six months set to benefit Hospitality, Hotel and Accommodation and other Attractions!

The government has announced certain changes to VAT for a period of six months that will take effect from 15th July 2020 onwards. Which industries will benefit from these changes? The following industries will benefit from these changes: Hospitality Hotel and Holiday Accommodation Admissions to certain Attractions What dates does the temporary reduced rate apply to? The temporary reduced rate applies to supplies that…

Kickstart Scheme, Traineeships, and Apprenticeships to create Hundreds of Thousands of 6-month Work Placements!

What is a Kickstart Scheme? A kickstart scheme has been outlined as a £2 billion fund which aims to create hundreds of thousands of 6-month work placements for people aged between 16-24. The scheme is specifically aimed at individuals on Universal Credit at risk of long-term unemployment. Furthermore, the funding available for each job will cover 100% of the relevant National Minimum Wage for…

Job Retention Bonus
Job Retention Bonus announced by the Chancellor along with other new measures!

The Chancellor has announced the introduction of the Job Retention Bonus which will provide additional support to retain employees along with some other useful measures to stimulate the shaken UK economy. We discuss important details about these measures below: What is a Job Retention Bonus? A Job Retention Bonus is essentially a one-off payment of £1,000 to employers who used the Coronavirus Job Retention…

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