COVID-19 Resources

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.

Tax Cash Flow – Your Next Steps

Income tax: The Winter Economy Plan gives longer to pay for liabilities due in January 2021. This applies not just if you took up the option of putting off to 31 January 2021 the second income tax self-assessment payment on account for 2019/20, due...

read more

Support for the Self Employed Has Been Extended

The government has announced more support will be available for the self-employed in the form of two grants, each available for three-month periods covering November 2020 to January 2021 and February 2021 to April 2021. To be eligible for the Grant...

read more

The Job Support Scheme Starts 1 November 2020

The Job Support Scheme (JSS) provides different types of support to businesses so they can get the assistance according to their situation. Businesses that are open but facing decreased demand can get support for wages through “JSS Open”. Those...

read more

The Importance of Scenario Planning for Your Business

With the current Covid restrictions putting many businesses at risk, planning for and analysis of different scenarios has never been so crucial for all businesses to ensure their future success – performing ‘what if’ scenarios can help business...

read more

Making Tax Digital – an update

Making Tax Digital for VAT (MTD for VAT) has been effective for businesses with turnover above the VAT threshold of £85,000 since April 2019. HMRC recently outlined its next steps, including the introduction of Making Tax Digital for Income Tax...

read more

Self-Employed Income Support Scheme – Updated

The existing self-employed grant (SEISS) will also be extended on the same basis as the job support scheme. An initial taxable grant will be provided to those who are currently eligible for SEISS and are continuing to actively trade but face...

read more

NHS Test and Trace Service In the Workplace

The NHS Test and Trace service: • provides testing for anyone who has symptoms of coronavirus to find out if they have the virus; • gets in touch with anyone who has had a positive test result to help them share information about any close recent...

read more

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.