COVID-19 Update #145: Why cash flow planning is so important
With lockdown restrictions gradually easing and more businesses across the UK allowed to open their doors again, the economy is finally starting to open up. This is of course fantastic news, but it does mean that many of the government support schemes, loans and... read more COVID-19 Update #144: Penalties for overclaimed coronavirus support grants
If you’ve received payment or overpayment for a coronavirus support grant you weren’t entitled to, it’s important to alert HMRC as soon as possible. If you do so within the notification period, it’s unlikely you will be fined but penalties will be issued to those who... read more COVID-19 Update #143: Guidance issued for final SEISS grants
Earlier this year, it was announced that self-employed workers will be able to claim two more grants under the Self-Employment Income Support Scheme (SEISS). This will cover the period from 1 February 2021 until the end of September 2021. The fourth taxable grant... read more COVID-19 Update #142: Recovery loan scheme to replace previous COVID-19 loans
Loan schemes which were introduced by the government at the beginning of the coronavirus outbreak have now come to an end. Applications for the business interruption and bounce-back loan officially closed on 31 March 2021. This doesn’t mean that eligible businesses... read more 