Bounce Back Loan Applications (BBLS) are now being made to provide fast-track funding support for smaller businesses. The key features of the  scheme are: Apply for 25% of turnover up to a maximum of £50,000 (minimum £2000) Simple, seven-question application... read more

HMRC will this week start contacting people who may be eligible for the new Self-Employment Income Support Scheme (SEISS) telling them to be ready to claim when the portal opens next week. The process is intended to be quick and easy. If... read more

Latest Resources:   Resources for Clients – Business News Update Resources for Clients: HMRC Release Details of SEISS Scheme SEISS Schedule Released By Government Member Briefing: Bounce Back Loan Scheme Update CBILS Update Apply For A Business Bounce Back Loan (BBBL) ... read more

Bounce Back Loans were announced by the Chancellor, Rishi Sunak yesterday (27 April 2020) in a statement to the House of Commons on the government’s economic response to the Coronavirus outbreak. The Chancellor confirmed that the Office of Budget Responsibility... read more

HMRC have recently issued further changes to the Coronavirus Job Retention Scheme and information about what you will need to have ready before the system goes live on April 20th. The changes regarding employee eligibility are these: you can claim for employees... read more

Many small businesses that have applied for a government backed Coronavirus Business Interruption Loan Scheme (CBILS) loan thus far have been offered standard overdrafts and loans – without the Government's 80% guarantee – on the basis that they fit the... read more

Expenses for use of home as office can sometimes be claimed against tax but how do you know which ones are allowable? Here is the latest HMRC guidance on which equipment, services or supplies are taxable if your employees are... read more