COVID19: Disincorporation – what you need to know before dissolving your limited company

The ongoing lockdown may be the catalyst for many limited company owners to change their business model in order to survive or to create a simpler way of working. One option is to disincorporate – in other words, dissolve the limited company and, if the business is still viable, operate as a sole trader instead.

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Is Homeworking The New Normal?

After being instructed to work from home due to Covid19, a number of companies have unexpectedly realised that homeworking could become the new normal. The CEO of Barclays was reported saying that big offices ‘may be a thing of the past’ after just six weeks of lockdown.

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COVID19: Coronavirus Statutory Sick Pay Rebate Scheme set to launch

The Government has announced a new online service which will be launched for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments which they have made to their employees.

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COVID19: Local Authority Discretionary Grant Eligibility for Businesses

The Government has finally issued local authorities with detailed guidance regarding the Discretionary Grant scheme. This additional fund is aimed at small businesses who were not eligible for the Small Business Grant Fund or the Retail, Leisure and Hospitality Fund. It widens access to support to businesses who are struggling to survive due to the Corona virus shutdown, but are unable to access other grant funding.

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COVID19: Extension to October for the Coronavirus Job Retention Scheme Confirmed

The Coronavirus Job Retention Scheme (CJRS) is the UK scheme to pay wages of workers on leave because of coronavirus. Chancellor Rishi Sunak has confirmed today that this scheme will be extended to October 2020.

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COVID19: 11 May 2020 – Updated Coronavirus Job Retention Scheme: step-by-step guide for employers

Changes have been made and a new revised version of the Coronavirus Job Retention Scheme: step by step guide has been published by Gov.UK. The guide explains the information that you as an employer needs to provide to claim for your employees’ wages.

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COVID19: How to find out if you are eligible for the Self-Employment Income Support Scheme (SEISS)

HMRC have started contacting self-employed customers who they believe are eligible for the Self-Employment Income Support Scheme (SEISS). This is based on the information provided in your 2018 to 2019 tax return. Here we take you through how to find out if you are eligible for the Self-Employment Income Support Scheme (SEISS).

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COVID19: Free Web Workshops from HB Accountants to help you and your business

We have scheduled two further Web Events for you. These are challenging times and our aim is to support as many people as we can through providing critical information for you and your business to help see you through to the other end of this period.

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COVID19: Claiming the self-employment grant scheme

4 May 2020: The government have today updated information about applications for the self-employment grant. Self-employed workers have been hit hard by COVID19 lockdowns, the scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months (March to May), and capped at £7,500 altogether. This is a temporary scheme, but Gov.UK suggest it may be extended.

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COVID19: What funding is available for my business?

Funding options and criteria available to you during COVID19 can be complex, which is why The Federation of Small Business have simplified the process so you can easily check your eligibility for different schemes. You’ll find tailored information for businesses in England, Wales, Scotland and Northern Ireland, as well as advice on what you can access if you’re self-employed. Download the PDF guide for your home nation to get started. 

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