Two reasons why we don’t think a sole director can be furloughed The question that I am trying to address here is if a sole director can furlough himself or herself In summary, there are two reasons why I don’t think that this is allowed under the current rules: Reason 1: A company must always […]
Find out moreTaxable grant of 80% of average monthly profits, up to a maximum of £2,500/month The UK Government announced today a grant to help self-employed to help them cope with the financial impact of Coronavirus. The Coronavirus Self-Employment Income Support Scheme, as it is called, is worth 80% of the self-employed persons average monthly profits over […]
Find out moreDeadline for filing accounts with Companies House delayed by 3 months The UK Government has announced that from today (25/03/20) businesses can apply for a 3-month extension for filing their accounts. The Government says: “As part of the agreed measures, while companies will still have to apply for the 3-month extension to be granted, those […]
Find out moreThis post summarises the webinar that we held earlier today (25/03/20, 9:30am UK Time) regarding the aid that is available to small businesses and the actions we suggest that you take. As I noted before, we would like to offer these services to our clients free of charge. However, like everyone else we need to […]
Find out more