Preparing for a return to the office
As businesses start to reopen and return to their physical spaces, what does this mean for employees and employers? What will the new workplace look like and will flexible working continue? For employers, the return to work will permit them to have more staff back in the workplace, which may be good news for companies…
Read MoreSEISS What is Reduced Activity
What is mean by impacted by reduced activity, capacity and demand This applies to your business if it has been impacted by reduced activity, capacity or demand due to coronavirus. For example, you: have fewer customers or clients than you’d normally expect, resulting in reduced activity due to social distancing or government restrictions have one…
Read MorePaying dividends:
The adverse impact of coronavirus on some companies’ trading fortunes now means business owners need to watch out before they calculate dividends, as they may be liable for losses should the business subsequently fail. The law on distributions applies not only to dividends, but to any form of distribution to shareholders. Put simply, a distribution…
Read MoreDirectors what about the risk of paying illegal dividends
It’s common for directors of owner managed businesses to pay a portion of their income as dividends and with the end of the tax year fast approaching, directors will once again be turning their minds to declaring an annual payment. ‘The rules around dividends and distributions, governed by company law capital maintenance requirements and directors’…
Read MoreRecovery Loan Scheme
The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing Covid-19 loan schemes close, providing support as businesses recover and grow following the disruption of the pandemic and the end of the transition period. The scheme will…
Read MoreBounce Back Loan
Bounce Back Loan borrowers will now have the option to tailor payments according to their individual circumstances with the option to delay all repayments for a further six months. Pay as You Grow will be available to over 1.4 million businesses, which collectively took out nearly £45bn through the Bounce Back Loan Scheme. The Treasury’s…
Read More