You can start to flexibly furlough eligible employees from 1 July onwards. From 1 July, you can claim a more flexible grant for any employee you have previously received a Coronavirus Job Retention Scheme grant for, and who now returns to...
Accounting News
COVID-19 – Extension To Job Retention Scheme
The Chancellor, Rishi Sunak, has announced more details about the extension to the Coronavirus Job Retention Scheme (CJRS), with the key details outlined below for you. Flexible Furloughing From 1 July 2020, you’ll have the flexibility to bring previously furloughed employees back...
COVID-19 – Government Announces “Bounce Back” Loans
The Government has announced a new 100% Government backed loan scheme for small businesses. Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed guarantee for lenders, the Chancellor has announced. Rishi Sunak said the new...
COVID-19 – Expanded Retail Discount Scheme
The government has launched an Expanded Retail Discount Scheme, providing 100% business rates reliefs to certain businesses in 2020/21, regardless of their rateable value. Please note that this applies to England only. Properties that will benefit from the relief will be...
COVID-19 – Job Retention Scheme Update: Can A Director Be Furloughed?
The Chancellor recently announced plans to support the self-employed, an attempt to bring parity with the Coronavirus Job Retention Scheme for the employed. However, these plans did not include those who pay themselves a salary and dividends through their own...
COVID-19 – Support For The Self Employed
Millions of self-employed individuals will receive direct cash grants to help them during the coronavirus outbreak. In the latest step to protect individuals and businesses, the Chancellor Rishi Sunak, has set out plans that will see the self-employed receive up to...
COVID-19 – Grants Payable To Businesses From £10,000 to £25,000
Many businesses with premises will qualify for a one-off cash grant and we summarise below the qualifying criteria: a) Retail, hospitality or leisure businesses with a rateable value of between £15,000 and £51,000 can access an additional cash grant of £25,000. b)...
Support And Suggested Actions For Businesses Affected By COVID-19
With lock-down now upon us, Alextra Accountants will continue to be open, providing a remote service for businesses and individuals, with our staff members working from home. Whilst we continue to have regular contact with our clients by way of calls...
A Guide To The Budget 2020
On 11 March 2020, the Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget in the House of Commons. Just before the Budget announcement, Mark Carney from the Bank of England announced a reduction in UK interest rates from 0.75%...
IT Consultant Held Contract For Services
HMRC’s application of the IR35 rules remains ambiguous after an IT contractor successfully appealed to the First Tier Tribunal (FTT) against a tax charge arising under the intermediaries' legislation. In RALC Consulting Ltd v HMRC [2019] TC 07474, the FTT allowed...