According to a government report, there are no plans at the present time to commence the provisions on emergency volunteering leave contained in the Coronavirus Act 2020. That legislation created a statutory right for workers to take a new form of unpaid emergency volunteering leave to assist in the health or social care sectors during

For those unfamiliar with the phrase, zeitgeist means: “the defining spirit or mood of a particular period of history as shown by the ideas and beliefs of the time…” COVID-19 is creating a shift in the way we interact with each other and how we conduct business from now on. In this way it is

On Friday afternoon, in the Government's daily news briefing, the Chancellor outlined how the Coronavirus Job Retention Scheme will operate moving forward to allow for employees to return to work part time. Following that announcement, self-employed workers got a boost when it was revealed that they will be able to get Government assistance for a

Without a doubt, the furlough scheme has provided small businesses with the means to retain staff that would otherwise have been laid-off. The government is paying 80% of furloughed employees’ wages (subject to a £2,500 maximum). From 1 August 2020, this level of support is expected to drop to say 60%. From the same date,

The scope of the Coronavirus Large Business Interruption Loan Scheme (CLBILS) is to be extended from 26 May 2020. The maximum loan size will be increased from £50 million to £200 million. Larger businesses will be able to benefit from loans up to the lower of 25% of turnover or £200m. The changes are expected

In a client facing article this week we pointed out the benefits of using forecasting APPs to help clients manage their cash flow. When firms are profitable, credit control is managed and profits are being retained in the business, cash flow tends to look after itself. For a vast number of businesses, COVID-19 has placed

The Self-employment Income Support Scheme (SEISS) opened for applications at 8am on 13 May 2020. The scheme will provide grants of up to £2,500 per month based on 80% of average profits to qualifying applicants. HMRC has reiterated that the claim is designed to be made by the claimant directly and that advisers cannot make a

The Chancellor, Rishi Sunak has today (12 May 2020) announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020. The Chancellor has now confirmed to the House of Commons that the furlough scheme will be

As advisers, we design, offer and deliver services that we believe are relevant and will benefit clients. During this period of unprecedented disruption, retaining clients – fearful of losing their businesses or cash strapped and looking for cost savings – will become an overriding concern for many practitioners. Small businesses are like a line of

Most firms have dipped their toes in the water and considered monthly billing. There are clear advantages for clients and your firm: Clients know what they are paying each month and what they can expect for the fee payment. Little and often will often be more readily accepted by clients than a large annual bill.