Today 20 April 2020 is the day to now start processing your claims for Furlough workers. The government pay scheme to keep staff on the payroll despite not working due to coronavirus has gone live. About Furloughing If you cannot maintain your current workforce because your operations have … [Read more...]
COCOONING A BUSINESS
Some businesses are going to need to “mothball” or “cocoon” until the Government considers the Pandemic to be of lower risk and trading conditions improve. What is Cocooning? Cocooning, or mothballing, is a temporary suspension of a business and can be the result of sales reducing to zero (or … [Read more...]
Business Survival
The Government has stepped in to provide support to certain areas of the economy but even with this becoming available in the coming weeks, some of you will need advice on how to survive the lock down. Under the regulations, most businesses are in lockdown or closed excluding … [Read more...]
CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS)
This new loan scheme delivered by the British Business Bank, will launch from 23 March 2020. The Temporary Coronavirus Business Interruption Loan Scheme (CBILS) can provide facilities for smaller businesses (SMEs) across the UK who are experiencing lost or deferred revenues, leading to disruptions … [Read more...]
COVID-19 -Tax and Accounting Updates
I am sure you are all aware of the rapid changes of the COVID-19 outbreak. Alan Patient & Co will keep you posted about all the relevant government information and advice with regards to you are your business. You need your accountant more than anything now, to help provide your business … [Read more...]
BREAKING NEWS – IR35 CHANGES DELAYED
Breaking news Due to Covid-19, the Government has just announced to delay the IR35 with the legislation now due to be reintroduced in April 2021 Unfortunately, some contractors say the delay has come too late as they have already lost out by accepting jobs with PAYE and national insurance being … [Read more...]
Alan Patient & Co- Update COVID-19 | our accountancy services remain here for you
You’ll have heard a lot about coronavirus recently and the effect it’s having across the world. That’s why we wanted to assure you that, if the government advice changes, Alan Patient & Co has contingency plans in place to support you and your taxation affairs. Our systems are now set up to … [Read more...]
What do I need to know about IR35
The date is fast approaching on 6 April 2020 amid #COVID19. changes are still going ahead. Many companies, contractors, freelancers and business owners are asking “what do I need to do about IR35”, and “What is off-payroll working?”. This article explores IR35 and why you may, or may not, need to … [Read more...]
Budget Day 2020
Budget day began with an emergency announcement from the Bank of England. To reduce Interest rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history. The Bank said it would also free up billions of pounds of extra lending power to help banks support firms. By … [Read more...]
MOVE OVER CORONAVIRUS NOW TO PREPARE FOR BUDGET DAY 11 MARCH 2020
The December General Election meant that the Autumn Budget was delayed and we now know that Rishi Sunak will deliver his first Budget on the second Wednesday in March, 11 March 2020 which is when Budget day used to be! What are the key issues to look out for: • Key tax announcements to listen … [Read more...]
