The Chancellor has today, 24th September, announced in Parliament the Government’s covid-19 NEW support measures for businesses and their employees. The main points are :- New Job Support Scheme – when the current Job Retention/Furlough Scheme ends on 31st October 2020, from 1st November 2020 the new Job Support Scheme will come into effect for…

DSM Chartered Accountants business news update 2nd June 2020 – Self-Employed Income Support Scheme Grant   On 29th May the Chancellor announced a ‘second and final grant’ for the ‘Self-Employed Income Support Scheme’, which is for the 3 months ended 31st August 2020. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme   https://www.gov.uk/government/news/chancellor-extends-self-employment-support-scheme-and-confirms-furlough-next-steps   The main headlines are :-   The ‘first…

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…

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….

DSM Chartered Accountants – Business Tax News update, 19th March 2020 HMRC now have their dedicated covid-19 virus business ‘time to pay’ (TTP) helpline working, which is on telephone number 0800 0159 559. DSM are recommending businesses take this opportunity to help business cashflow over the coming uncertain months when the virus is expected to…

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