After the Chancellor Rishi Sunak’s update yesterday, please see the key points below relating to the new job support scheme for businesses that are open and for businesses that have to close at this time. There is also information relating to the self-employed scheme.   New Employment Support Scheme (JSS open) • To qualify, some…

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…

Please see the UK Chancellor Summer Statement – 8th July 2020 with the key announcements that was made by the Chancellor Rishi Sunak. Mr Sunak emphasised that we are only part way through the pandemic crisis and he will be coming back with further proposals later in the year – most notably in the planned…

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 business news update 2nd June 2020 – Local Authority Discretionary Grant Fund From 1st June local councils have each received a discretionary grant fund from government, to be awarded to any businesses who are not eligible for any local council and/or specialised covid-19 grant support already in place. https://www.gov.uk/guidance/apply-for-the-coronavirus-local-authority-discretionary-grants-fund#eligibility   Main headlines…

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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