NEW: It has been announced that the Self Employment Income Scheme (SEISS) will be extended. Applications will open in August for a second and final grant. This will be covering three months worth of average trading profits. But it will be at 70% this round, up to a total of £6,570 and will be paid in a single installment.
NEW: From August employers will be required to contribute to the Job Retention Scheme where they have furloughed employees.
In addition, after June 30th employers will only be able to furlough employess that have previously been furloughed for 3 weeks. This means that the deadline to furlough an employee for the first time, is June 10th.
The scheme will be tapered out as follows:
- August – The government will continue to pay 80% and employers will be asked to pay national insurance and employer pension contributions
- September – The government will pay 70% and employers will pay 10%
- October – The government will pay 60% and employers will pay 20% after which the scheme will end.
Watch our webinar on Bounce Back Loans
Bounce Back Loans Basics
Furloughing Explained with Q&A
Artisan Office Updates
- We are currently operating a full service.
- Despite the coronavirus we can still e-meet with you or speak to you on the telephone. Call us or email us in your usual way, though please be patient. We are dealing with more enquiries than usual at the moment, but we will try to come back to your as quickly as possible.
- We continue to be fully staffed. This may change and we may have a slower response time if that happens.
- We continue to make sure that we meet filing deadlines to complete your accounts, tax returns, VAT, payroll and other requirements.
COVID-19: Latest Updates for Businesses and the Self-Employed
Exactly What is Available: A Brief Guide
For a clear overview of all support available, who is eligible and what you have to do, see A Brief Guide to Support for Businesses and Self-Employed Affected by the Coronavirus Crisis
Coronavirus Uncertainty: Ways We Can Help
We are committed to being available to support you to the best of our ability. In times like this, we all need to pull together. If you need anything, please let us know. For example, here are some of the ways we can help:
- Help with cashflow forecasting to see when the pinch-points will happen for your business
- Help you find cost-effective finance to see you through this difficult trading period
- Support you to negotiate time to pay agreements with HMRC for your tax bill
- Do your bookkeeping to help you get your records straight so you can take an informed decision for what to do for your business. (If you can scan and email your documents, we can process them for you)
- Help you access tax rebates you may have been putting off, such as R&D Tax Credits.
- A sounding board – we know that being a business owner in tough, uncertain times is not easy. So remember, we are there to listen and where appropriate, give advice. Call us or email at [email protected] to book an appointment.
- When you’re ready we can discuss ways to make your business more resilient going forward.
Richmond Council has said they will not take enforcement action if residents are temporarily unable to pay their council tax. If that is your situation, contact your local council to come to an agreement.
The government has introduced extra protection for businesses with a ban on eviction for commercial tenants who miss rent payments. You must agree this with your landlord and you will still be expected to pay all rent due at a later date.
Financial assistance for employers unable to pay statutory redundancy payments
HMRC Helpline: 0800 024 1222
Grant Funding Schemes: Guidance for grant eligibility
Citizen’s Advice Page for guidance if you cannot pay your bills.
Ofgem have a page offering advice if you cannot pay your energy bills
Clearly explained furloughing guidance from ICAEW
Many of our clients are local to the Richmond area. Sarah Olney’s office has begun a list of local resources. As we hear of others in the wider area we will link to them, let us know if you know of any by emailing us.
Links to local councils
Most people are just trying very hard to work out their personal safety and business resilience at the moment. But if you are able to and would like to help others in the community there are ways you can. Locally we know of Richmond Council for Voluntary Service
We really are all in this together and if there is any way that we can help, please get in touch. Equally, we’d love to hear your stories of creative and innovative ways you are responding to the crisis.
Email us or give us a call on 020 8819 8762