The HMRC application portal opened on 20 April for businesses to submit details of furloughed employees. On the first day the website was very slow, but this seems to have settled down. There have been several issues uploading the data to the portal especially with...
The government has stepped in to provide support to certain areas of the economy but even with this becoming available in the coming weeks, some of us will need advice on how to survive the lock down. Here are our thoughts. 1. Apply for all government supports if you...
HM Treasury has announced that Chancellor Rishi Sunak is taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. The Chancellor states: •...
Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS). If you have suffered a loss in income, a taxable grant will be paid to the self-employed...
As the UK entered lockdown, business owners across the country faced cash flow issues due to the COVID-19 pandemic. At Horsfield & Smith, we were able to help and support businesses through this difficult time. We assisted our clients by: Helping them put together...
In a bid to help businesses during the coronavirus pandemic, HMRC has joined forces with the government to give businesses a three month extension from, 25 March 2020, to file their accounts to help them avoid paying penalties. Businesses can apply through a...
