Quick Guides

We've created these handy information sheets, guides and checklists to help you in the daily running of your business. Click below to download now:

New Starter Checklist R&D Tax Relief
International

We work with customers across Europe. To find out more about our work in Germany, Sweden, and the Netherlands, select a country below:

Deutschland Sverige Nederland

Financial support

April 1st, 2020 Posted by Accountancy 0 thoughts on “Financial support”

Financial support during COVID19 (Coronavirus)

During these difficult times there are many forms of financial support available, below is a summary of what’s on offer:-

  • If you have to furlough your staff there are grants available to cover 80% of their salary costs, up to a maximum of £2,500. The portal is not yet up and running, but is expected to be in April.

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

 

  • If you have business premises (even if you get small business rates relief) there are grants available of £10k. Check your local authority website for updates, Northumberland County Council and Newcastle City Council already have online claim forms. Businesses in some sectors such as hospitality and retail will be eligible for up to £25k

 

  • Self employed people can claim a grant of up to 80% of their average earnings

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

 

  • VAT deferment – you will need to cancel your direct debit to ensure payments are not taken automatically

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19

 

  • Business interruption loan scheme, contact your bank to see if you may be eligible
  • Mortgage payment holidays – many banks now have an online form to apply for this
  • Loan payment holidays – some banks (such as Barclays) have stated than an online form to apply for this is coming soon
  • Apply for universal credit, this will be a financial life line to many people while they wait for other support to come through

https://www.gov.uk/apply-universal-credit

If you have any questions please get in touch.

We are hiring!

Summer statement

New business loans

Categories

We'd love to work with you

To start working with us is simple, just fill in the quick form below and we'll be in touch to discuss how we can help and explain the next steps:







X