Insights

Bounce Back Loan Scheme Announced

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

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

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?

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

£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

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

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...

The Coronavirus Business Interruption Loan Scheme 

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

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

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...

Emergency Volunteering Leave

Emergency Volunteering Leave

EVL is a new, temporary, statutory right and is available for eligible workers to take Emergency Volunteering Leave to help the Health and Social Care system in response to the Coronavirus outbreak. We take a look at EVL and answer the most frequently asked...

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