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.
Government Launches New Bounce Back Loan Scheme for Small Businesses
Chancellor, Rishi Sunak, has announced a new Bounce Back loan scheme, allowing small businesses to apply for a loan of up to £50,000, with the government guaranteeing 100% of the advance. Small businesses can apply for a minimum of £2,000 up to a...
COVID-19: Update on Government Support Schemes
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...
COVID-19: Business Survival Guide
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...
Updated: Coronavirus Business Interruption Loan Scheme (CBILS)
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...
Coronavirus Self-Employment Income Support Scheme (CSEISS)
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...
COVID-19: Access to Emergency Funding for Businesses
As the UK goes into lockdown, business owners across the UK are experiencing cash flow issues due to the COVID-19 pandemic. At Horsfield & Smith we are here to help and support you through this difficult time – we can assist you with: • putting...
COVID-19: Businesses Granted a Three Month Extension to File Accounts
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...
COVID-19: Businesses urged to cancel direct debits to take advantage of VAT holiday
The Chancellor, Rishi Sunak, has suspended VAT payments for three months in a bid to help UK businesses and individuals through the coronavirus pandemic. The VAT holiday will give business owners some welcomed breathing space as they fight to...
COVID-19: Government Support for Businesses
On Friday 20 March 2020 the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19. The package of measures to support businesses includes: • Coronavirus Job...
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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.
