“Thanks for the reminders on this (Covid19 Small businesses’ grants), Mike- if it wasn’t for you, we would have missed it”

The Covid 19 pandemic has caused a world-wide health and economic crisis – the like of which has not been seen before in living memory.

Whilst an effective vaccine is waiting to be developed, tested and made available to all, lifestyles have had to change with social distancing, regular cleaning of hands and face masks becoming an accepted part of daily routines. With more people working from home, the work/ home lifestyle has also radically changed and is likely to be fundamentally different for many in the future as the increased use of technology has brought into question the necessity for working regularly in offices and the associated commuting costs.

The effect on businesses has been unprecedented – with enormous government grants grants and loans being made available to businesses and individuals to avoid worsening unemployment and business failures and unemployment.

The social and economic disruption is likely to take several years to be addressed, resulting in a “new normality”, with many businesses having to restructure and streamline to survive, before they can re-plan their strategies for growth.

Current Government Support includes a multitude of grants, tax reliefs and loans, which we can explain and discus their relevance to you and your businesses.

Current support packages include:

  • Job Retention Schemes – Furloughing staff to 31.03.2021
  • Job Retention Bonus - for re instating furloughed staff
  • Stamp Duty Land Tax cut on residential property sales – to 31st March 2021
  • Kickstart job schemes for younger people
  • Temporary VAT cuts on eating out and attractions

Government packages to help businesses to grow over time include:

  • Government backed loans to businesses
  • Business Rates relief
  • Direct business grants- including discretionary grants
  • Coronavirus Job Retention Scheme (CJRS)
  • Self-Employment Income Support Scheme (SEISS)
  • VAT payment deferments
  • Tax payments – payment arrangements
  • Research and Development grants increased

There is a wealth of government guidelines available, which we can discuss with you in more detail. See the governments website: www.gov.uk

This may sound complicated – but this is where we step in to take the strain, to clearly explain and advise you of your entitlements and how to claim for them. you clearly the implications and calculations.

We proactively advise all our clients of any significant government support schemes that may affect you, keeping you fully up to date and informed. We give you the confidence that your financial affairs are in good hands, so that you can concentrate on running your business.

We are here to help you through these unprecedented difficult times.

Contact us to today and see how we can help
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Contact Details:

2 Bridge Street
Company Spaces
Taunton
Somerset, TA1 1UB