Insights
Insights from Our Team: Darren Bowman
At Baker Tilly Mooney Moore, we, just like thousands of other businesses across Northern Ireland, are getting used to working from home. We catch up with Darren Bowman, our Restructuring and Insolvency Director to find out what the last few weeks during the Covid-19...
Bounce Back Loan Scheme Announced
The government has announced a new loan scheme for small businesses. Through the Bounce Back Loan scheme, businesses will be able to borrow between £2,000 and £50,000 with the scheme 100% government backed. The application process will open on 4 May and will be...
Support for Directors
Government support for Directors is dependent on whether they are remunerated through PAYE or dividends. Stephen McConnell and his Business Services Team are working alongside Directors to look at implications of government support schemes for themselves as well as...
Options for Employees
Are you an employee and still have questions? If you are eligible for the furlough scheme, your employer will continue to process your salary as normal. If you have recently changed jobs, you must have been included on your employer's RTI submission to HMRC on or...
Self Employed or in a Partnership?
Self-employed or in a partnership and still unsure as to how you are affected? The Self-Employment Income Support Scheme has yet to open for applications, however we know that those who receive more than 50% of their income through self-employment and whose trading...
£25,000 Retail, Hospitality, Tourism and Leisure Grant
Applications to the Northern Ireland Executive's one-off grant of £25,000 to eligible businesses that have a Net Annual Value (NAV), of between £15,001 and £51,000 within the retail, hospitality, tourism and leisure sectors are now open. Eligible businesses/properties...
Coronavirus Job Retention Scheme – Important Updates
The government has made a significant change to the Coronavirus Job Retention Scheme in relation to Employee Eligibility and has provided more detail on using the online system and what is required before a claim can be made. Employee eligibility you can now claim for...
Grant Funding Updates
Extensions to the Small Business Support Grant Scheme Providing grants of £10,000, the Small Business Support Grant Scheme has been operational since the end of March and has now been extended to include small industrial businesses that qualify for industrial...
Making a Claim Under the Coronavirus Job Retention Scheme – What You Can Do To Prepare
For those who are eligible, there are things that you can do now in preparation for the online service going live on 20th April. To make a claim you will need: • Your employer PAYE reference number • The number of employees being furloughed • National Insurance...
The Coronavirus Business Interruption Loan Scheme
The Coronavirus Business Interruption Loan Scheme (CBILS) is now operational and has been significantly expanded with changes to the scheme’s features and eligibility criteria. Our Business Services Team is already working with clients to access funding under this...
Calculating Wages for Furloughed Employees
With the majority of employees receiving a monthly salary paid at the end of each month, employers are now focused on how to calculate wages for those who have been furloughed. Based on the guidance we currently have from government, pay should be calculated on the...
Coronavirus Job Retention Scheme – An Update
More guidance on the Coronavirus Job Retention Scheme has now been released. The government guidelines are currently evolving and please do get in touch with us for any queries and current advice. You can read our latest update for employers which considers a number...
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