Mr Sunak’s Post-furlough – Quick Summary

Post-furlough – Quick Summary Job Support Scheme Under the scheme, the government will subsidise the pay of employees who are working fewer than normal hours due to lower demandWorkers must do at least a third of their normal hoursEmployers will pay staff for the...

New Grants Available In Local Lockdowns

TITLE: New grants available to businesses in local lockdown areas If your business is located in England and in an area designated for local lockdown, then you may be eligible to receive a new support grant announced 9 September 2020. What the government has...

Directors’ loans – a word of caution

Director/shareholders have a unique position with their companies for tax purposes. Usually, they can decide when and how to withdraw funds from their business, but these withdrawals can have unforeseen tax effects. Salaries and dividends If amounts drawn are salaries...