COVID-19 Update #118: 10-step plan for businesses whose profits are down
The Office for National Statistics (ONS) has revealed its latest experimental data on the economy. It shows that nearly half (48%) of currently trading businesses have reported that turnover has decreased below what’s normally expected for this time of year. While... read more COVID-19 Update #117: Grants for businesses forced to lockdown
Local lockdowns have been enforced in a number of parts of the UK As with the national lockdown that was imposed back in March, it has meant that a number of businesses have been forced to close. In a bid to support these entities, new grants worth up to £1,500 will... read more COVID-19 Update #116: Government expands Job Support Scheme
Last week the government announced that it will be expanding its Job Support Scheme (JSS) in a bid to protect jobs and support businesses as many have been forced to close their doors once again. Under the expansion, companies who have been forced to close due to... read more COVID-19 Update #114: Confusion over HMRC self-assessment payment on account letters
HMRC has been sending out letters to self-employed workers saying that their second payment on account for 2019-20 has automatically been deferred because payment wasn’t received by 31 July 2020. Earlier this year, it was announced that taxpayers will be able to defer... read more