READ OUR LATEST INFORMATION HERE
We also are satisfied to know that our customers are being updated with the latest information, that is why we offer a service in which you can receive these regular newsletters and be kept up to date with our situation as well as any guidance we can offer at the time.
LOCAL AUTHORITY GRANTS - BUSINESS RATES RELIEF
These are now coming through.
Councils seem to be differing in their approach as to how business owners can claim the grant. Some councils are saying they will contact the business owner directly, others require registration through the council online portal.
WE HAVE HEARD FROM SEVERAL LOCAL AUTHORITIES THAT GRANTS ARE NOW BEING PAID.
If you are having any difficulty in obtaining your Grant please contact us immediately, we can help. Don’t forget you may be able to claim the Grant on a holiday home if you rent it out at all.
LOANS AND HIRE PURCHASE AGREEMENTS
If you are having problems with repayments to finance companies please let us know as soon as possible, again we can help.
DEFERRING TAX PAYMENTS
VAT payments that are due between March and 30 June 2020 can be deferred until 5 April 2021
Paye payments may be withheld until further notice. Clients should call HMRC and request deferral.
Self-Assessment Payments – the July 31 payment can be deferred until 31 January 2021
Clients needing bank funding please call us first. The banks are very skittish at the moment despite government assurances that loans are there for the asking. Still very slow and banks are using the CBILS as a last resort if companies cannot fund a loan using their own resources. Please call us if you need a loan.
GRANTS FOR FURLOUGHED EMPLOYEES AND THE SELF EMPLOYED
The HMRC website opened on Monday 20 April. We have nearly completed registering and claiming furlough payments for all clients whose payroll we service. We expect clients to receive the first refunds within the next week or two.
The Chancellor is accepting that some businesses will go under. Please do not let that happen to yours. We have the expertise to save your business if the burden of debt becomes too great.