Information and resources for business owners and individuals

This hub is designed to help you keep up-to-date with the latest government announcements and to provide useful information for business owners and individuals on how COVID-19 may affect you and your business.

Getting Up and Running After the Lockdown

As lockdown restrictions lift across the UK, businesses are preparing for a new working environment. The Chancellor may have begun winding down the schemes that have supported businesses through the pandemic, but government-backed loans and the...

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VAT Reduced Rate of 5%

The government made an announcement on 8 July 2020 allowing VAT registered businesses to apply a temporary 5% reduced rate of VAT to certain supplies relating to: • hospitality • hotel and holiday accommodation • admissions to certain attractions...

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Flexible Furlough Claims Now Open

Employers can now submit furlough claims for periods starting on or after 1 July. If you cannot maintain your workforce because your operations have been affected by coronavirus (COVID-19), you can furlough employees and apply for a grant to cover...

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More Firms Can Now Benefit from the Future Fund

More start-ups and innovative firms will be able to apply for investment from the government’s Future Fund from 30 June: • companies which have participated in accelerator programmes now eligible for the popular scheme; • more than 320 early-stage,...

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National Insurance – what do the changes mean for you?

Changes to National Insurance contributions (NICs) limits and thresholds took effect from 6 April 2020. The Treasury says the ‘typical’ employee will pay around £104 less in NICs in 2020/21. Before the coronavirus crisis, there were plans to raise...

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What we can do for you

Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.