Insights
Further Extension to the Furlough Scheme
The Government has announced a further extension to the Coronavirus Job Retention Scheme as part of its financial support for businesses in light of ongoing nationwide and regional restrictions. The CJRS (or the furlough scheme as it is often called) was due to close...
Supporting Employees Through Uncertain Times
By Consulting Partner Donal Laverty Covid-19 has fast-tracked our future of work and changed how and where we work. Many of us now find ourselves returning to our homes (if we ever left them) to sit out this new lockdown and return to our kitchen tables and pick up...
Furlough Extension Announced
The weekend brought the announcement that a four week period of restrictions will start in England on Thursday. As part of the supporting measures, the Job Retention Scheme will be extended throughout the UK in November. Broadly this will operate on the same basis as...
Covid Restrictions Business Support Scheme (Northern Ireland)
The Stormont Executive announced a new financial support scheme aimed at businesses impacted by lockdowns but not covered in previous funding schemes. The Covid Restrictions Business Support Scheme (CRBSS) – which will open shortly – will support businesses which meet...
Welcome Updates to the Job Support Scheme
The Chancellor has significantly expanded the Job Support Scheme after objections from businesses, particularly those in areas under restrictions (including Northern Ireland) that they are facing massively reduced demand but less support from the government. Under the...
The future isn’t what it used to be . . . looking beyond Covid to a new normal
By Donal Laverty, Consulting Partner The Covid pandemic has generated unique challenges, forcing organisations to respond to unprecedented events at speed. Many are currently focused on short-term survival, responding to ever shifting events and trying to pivot home...
Self-Employment Income Support Scheme
The deadline for the second grant of the Self-Employment Scheme is 19th October, those who have yet to make their submission should do so urgently. In delivering his Winter Economic Statement on 24 September, the Chancellor announced a welcome extension to this...
Time to Talk Inheritance Tax Planning
Are your tax affairs in order, have you minimized your Inheritance Tax liability and ensured your family knows your wishes? In these uncertain times, people should be looking to the future which includes thinking about health insurance, life insurance, pensions and...
Brexit – Now is the time to address some key questions
Unfortunately, as we are getting closer to 1 January 2021 and the end of the transition period, there is still an absence of clear information / guidance on how Northern Ireland Businesses in particular are to operate post Brexit. This does not however mean that we...
Construction Sector Report
The latest Construction Sector Report by our colleagues at MHA shows a stark divide in today’s Construction sector, between those who were able to capitalise on the opportunities presented by COVID-19, and those who struggled to finance their way through lock down. To...
Tax Relief for Your Capital Expenditure
If you are planning any significant capital expenditure you should ensure it is before 31 December 2020 to maximise tax relief. The current £1m Annual Investment Allowance (AIA) limit is only available for qualifying expenditure incurred in the two calendar years -...
Deadline Approaching for Notifying HMRC of Overclaimed JRS
Organisations that have overclaimed a Job Retention Scheme grant and have not yet notified HMRC should act now. You must notify HMRC by the latest of either: 90 days after the date you received the grant you were not entitled to 90 days after the date you received the...
See how we can help you
You are welcome to make full use of the free online services on this site. You will find hundreds of pages of up-to-date information and advice to help you with your business development, personal finances