The Large Business Interruption Loan Scheme which has been put in place to offer support to larger businesses affected by coronavirus. The scheme will help medium to large sized businesses to access loans or finance up to £200 million. The government will guarantee 80% of the finance to the lender. Who can apply? The eligibility … Read more Large Business Interruption Loan Scheme
After recent Government announcements some businesses are considering the return to work for certain employees. The guidance though is clear, employers must complete a COVID-19 Risk Assessment and display a notice when they have done so. The aim of the COVID-19 Risk Assessments is to ensure the businesses have the relevant practices in place to … Read more COVID-19 Risk Assessment
In 2019 AJR & Co Ltd took the decision to launch an online portal. We would like to take this chance to briefly explain the benefits for those clients yet to sign up. The online portal is great for keeping all the documents in one place – no more trawling through your inbox looking for … Read more AJR & Co Ltd Online portal
The coronavirus Statutory Sick Pay Scheme is due to launch on the 26th May, 2020. This scheme will enable employers with fewer than 250 employees to claim coronavirus- related Statutory Sick Pay. Eligibility criteria for the online scheme is as folloes: you’re claiming for an employee who’s eligible for sick pay due to coronavirus the … Read more Coronavirus Statutory Sick Pay
The Chancellor has today announced the Furlough scheme will be extended until the end of October 2020. In a boost to millions of jobs and businesses, Rishi Sunak said the furlough scheme would be extended by a further four months with workers continuing to receive 80% of their current salary. From the start of August, … Read more Furlough Scheme Extended
The Self-Employment Income Support Scheme is due to be active on the 13th May 2020 but how are HMRC calculating the amounts and what if you are not eligible? The scheme will enable the self employed to claim a taxable grant of 80% of their monthly trading profits. This will be paid in a single … Read more Self-Employment Income Support Scheme
HMRC have now issued further guidance for the government’s Self-Employed Income Support Scheme which will open ahead of schedule on the 13th May, 2020. The scheme will benefit self-employed individuals or those in a partnership whose business has been adversely affected by coronavirus, covering most people who get at least half of their income from self-employment. SEISS is a temporary scheme that will … Read more Self-Employment Income Support Scheme
Small businesses boosted by bounce back loans, a new 100% government backed loan scheme. The Chancellor announced on Monday 27th April that small businesses could benefit from this new scheme. It’s a fast-track finance scheme providing loans with 100% government guarantee. Businesses will be able to borrow between £2,000 and £50,000 and be able to … Read more Bounce Back Loans
Automatic enrolment duties Your automatic enrolment (AE) duties continue to apply as normal, including your re-enrolment and re-declaration duties. This is the case whether your staff are still working or are being furloughed as part of the Coronavirus Job Retention Scheme. New employers If you are a new employer, you should continue to assess your staff and … Read more Automatic Enrolment Pensions during Furlough
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