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.

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,...

read more

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...

read more

Businesses Need to Reinstate VAT Direct Debits

The deferral of VAT payments due to coronavirus comes to an end on 30 June and businesses need to take action to reinstate their direct debit mandates. The Institute of Chartered accountants in England and Wales (ICAEW) Tax Faculty has reminded its...

read more

IR35 – Change on Hold

The IR35 rules had been set to take effect from 6 April 2020, however, they are now on hold until 6 April 2021. This is to help the business community cope with the impact of the coronavirus (COVID-19), and the government emphasises that it is a...

read more

Government Launches Statutory Sick Pay Rebate Scheme

Employers can now make claims through the Coronavirus Statutory Sick Pay Rebate Scheme. On 26 May 2020 the government announced a new online service for small and medium-sized employers to recover Statutory Sick Pay (SSP) payments they have made to...

read more

The Coronavirus Job Retention Scheme (CJRS) is Changing

UK Chancellor Rishi Sunak outlined changes to the furlough scheme during the daily press briefing (29 May 2020). The Chancellor stated that in June and July the furlough scheme will continue as before, but employers will be asked to cover National...

read more

Covid19 – Time to Reflect and Plan Ahead

As we emerge slowly from lockdown, now is a good time to take stock of things and look ahead to how we can run our businesses with the “New Normal” environment we face. What is clear is that some form of social distancing will remain, and many...

read more

Working from Home During the Coronavirus

Can employees reclaim any expenses? On Monday 16 March 2020, Prime Minister Boris Johnson told the public to work from home where possible in an attempt to contain the ongoing coronavirus outbreak in the UK. For more than 1.7 million people it was...

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.