On 24 September, Chancellor Rishi Sunak announced a series of new measures to support businesses and employees affected by the ongoing coronavirus situation. These include a new Job Support Scheme, an extension to the Self-Employment Income Support Scheme, more time to pay VAT and tax owing from Self Assessment, and an extension to the hospitality VAT rate cut.
An update on the coronavirus business support initiatives including the Job Retention Scheme, Job Retention Bonus, Self-employed Income Support Scheme and new Local Lockdown grants.
Our clients and other companies are reaching out to RfM to help them to navigate their way through the crisis with their businesses intact. In the spirit of + more, we are doing what we can, where we can, to help them through.
The latest of the government’s financial support initiatives is set to launch next Monday 4 May. The Coronavirus Bounce Back Loan Scheme will help small and medium-sized businesses to apply for loans of up to £50,000.
We have compiled a directory of lenders involved in the government-backed Coronavirus Business Interruption Loan Scheme including links to the relevant pages of their websites.
Many businesses are adapting their offer to meet the changing needs of their customers, and that includes us. In response to the many queries we have been receiving from employers, we have launched an affordable HR support package exclusively for RfM clients.
We now have more details about the support measures that have been announced for businesses and the self-employed affected by the coronavirus situation.
In light of the new restrictions announced on Monday evening, all our offices are now closed temporarily. Be reassured that we are still here and committed to supporting you throughout this difficult and unprecedented situation.
We have had a considerable number of enquiries from clients regarding the support available to help them deal with the impact of Covid-19 on their businesses. Here are some of the key support measures that you may wish to consider – some of which you can act on now!
As your accountants, we are well placed to consider the financial impact that the coronavirus outbreak will have on our clients’ businesses. Here is some practical advice and tips to help you weather this particularly rough storm.
For many clients, we are often the first port of call for advice on running their business. That does not need to change – even during the current, unprecedented coronavirus situation.
You have no doubt been following the coronavirus news closely to assess the level of risk to your business. We have put together a helpful guide for employers to assist you with your contingency planning, as the situation continues to escalate here in the UK.