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Practice News

Working Safely During Coronavirus – Government Guidance for Specific Business Sectors

Posted 26/06/2020 The Government have provided guidance, broken down into different business sectors, to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic. The guidance is being updated as new announcements are made, so it is worth checking back for further information. For full Government Guidance please see https://www.gov.uk/guidance/working-safely-during-coronavirus-covid-19…Read More

Cheshire East Discretionary Grant – Second Phase Now Open for Applications

Posted 26/06/2020 Cheshire East Council has launched the second phase of the local discretionary grant scheme, which opened for applications this morning. The deadline for applications is 8am on the 10th July 2020.  The first phase received over 450 applications from small business which are currently being assessed. The local discretionary grant is aimed at…Read More

Self-Employed Income Support Scheme Lifeline for New Parents

Posted 19/06/2020 Self-employed parents whose trading profits dipped in 2018/19 because they took time out to have children will be able to claim for a payment under the self-employed income support scheme (SEISS), the government has announced. The scheme requires claimants to have traded in 2018/19 with their profits making up at least half of…Read More

Dairy Response Fund 2020 Now Open for Applications

Posted 19/06/2020 With some dairy farmers facing financial difficulties and excess milk, the new fund will provide support for those most in need. Eligible dairy farmers will be entitled to up to £10,000 each, to cover 70% of their lost income during April and May to ensure they can continue to operate and sustain production…Read More

Do You Need to Reinstate Your VAT Direct Debit?

Posted 18/06/2020 The VAT payment calculated for your May quarter end will not be eligible for the payment deferral and will need to be paid by the normal deadline. The last day for HMRC to receive cleared funds will be 30th June if you pay by cheque, 7th July if you pay by other methods,…Read More

The Self-Employment Income Support Scheme has been Extended

Posted 15/06/2020 This scheme has been extended, and you will be able to claim a second and final grant in August 2020. Your eligibility will be worked out in the same way as the first grant. If you make a claim for the second grant you will have to confirm your business has been adversely affected…Read More

Government Guidance Videos for Coronavirus Support Schemes

Posted 03/06/2020 The Government have uploaded videos to provide guidance with:– Running your business through the coronavirus pandemic– Coronavirus Job Retention Scheme– Self-Employment Income Support Scheme– Statutory Sick Pay (SSP) rebate scheme– Helping employers support employees The guidance also provides a link to HMRC’s digital assistant for if you require more information about coronavirus support…Read More

Self-Employment Income Support Scheme Update – Announced 29/05/2020

Posted 30/05/2020 The Chancellor has announced plans to extend the Self-Employment Income Support Scheme (SEISS) for those people whose trade continues to be, or are newly, adversely affected by COVID-19 (coronavirus). Eligible self-employed people will be able to claim a second and final SEISS grant in August. This will be a taxable grant worth 70%…Read More

Coronavirus Job Retention Scheme Changes – Announced 29/05/2020

Updated 30/05/2020The Chancellor has announced three changes to the job retention scheme: From 1 July 2020, the scheme will be made more flexible to enable employers to bring previously furloughed employees back part time and still receive a grant for the time when they are not working. From 1 August 2020, employers will have to…Read More

Stoke-on-Trent Local Authority launches Discretionary Grant Fund

Posted 29/05/2020 Stoke-on-Trent Local Authority have launched a discretionary fund to support small businesses.  The scheme will be open for applications from Thursday 28th May to Wednesday 3rd June at 5pm. Who is eligible for the relief? Local Authority Discretionary Grants Fund payments are to be primarily and predominantly aimed at: small and micro businesses;…Read More

Cheshire East Launches Discretionary Fund for Prioritised Businesses

Posted 28/05/2020 Cheshire East Council has launched a £4.28m discretionary fund to support small businesses.  The scheme will be open for applications from Monday (1 June) at 8am. The council is asking prioritised businesses that think they may be eligible, to prepare their evidence in advance – as allocation will be on a first-come-first-served basis. …Read More

New Capital Gains Rules For Residential Properties

Posted 27/05/2020 From 6 April 2020, Capital Gains made on residential property disposals should be reported to HMRC and the resulting tax paid within 30 days of completion. For any up to date extensions to the filing date due to Covid-19, please see the Government guidance below. Any gain is reported through your Government Gateway…Read More

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