Insights

Microbusiness Hardship Fund Announced

Microbusiness Hardship Fund Announced

A new fund aimed at microbusinesses which require financial support due to the impact of COVID-19 and which have not been able to access the existing government support schemes will be introduced. £40 million has been allocated to the fund and it is expected that...

Self-Employment Income Support Scheme – What To Do Now

Self-Employment Income Support Scheme – What To Do Now

The online service to claim a grant through the Self Employment Income Support Scheme will open on 13 May.  As we have previously advised, the scheme will allow those in Partnerships as well as Sole Traders that have been adversely affected by COVID-19 to claim a...

Coronavirus and the Leadership Challenge

Coronavirus and the Leadership Challenge

by Donal Laverty,  Consulting Partner The technical aspects of COVID-19’s challenges are perhaps the most straight forward – the NHS has re-configured itself, resources (mostly) are being allocated, and increasing amounts of data are being gathered to guide decisions....

£10,000 Small Business Grant Scheme Extended

£10,000 Small Business Grant Scheme Extended

Small businesses that occupy a rental property can now apply for the £10,000 Small Business Support Grant Scheme. The purpose is to benefit the business and not the landlord or managing agent who is responsible for paying the rates. To date 18,508 payments have been...

Insights from Our Team: Darren Bowman

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

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...

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