DSM Chartered Accountants news update 15th May 2020 – PAYE employees Covid-19 home working tax allowance   Employees who are now working from home because their work place is closed, may be able to claim tax relief for some of the bills they have to pay. From 6 April 2020 your employer can pay you…

DSM Chartered Accountants business news update 13th May 2020 –  Job Retention/Furlough Pay Grant AND Business Closures Update   Job Retention Scheme Grant Yesterday, 12th May, the Chancellor announced the Job Retention Scheme grant, also known as the furlough pay grant, will be extended in its current form until 31st July 2020. From August to…

The government supported new “Bounce Back” bank loans for businesses went live yesterday 4th May 2020. This new loan scheme allows almost all businesses, who were trading before 1st March 2020, to apply for a maximum £50,000 or a lower amount equating to 25% of annual turnover in the business financial year ending in 2019….

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