Covid-19 Support

  From 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able to claim CJRS grant for their normal hours not worked. When claiming the CJRS grant for furloughed hours employers will need to report and claim for ...

UPDATED GOVERNMENT GUIDES ON WORKING SAFELY DURING CORONAVIRUS

The Government have updated their guidance notes this week to help employers, employees and the self-employed understand how to work safely during the coronavirus pandemic. There are several guides covering a range of different types of work environment including : Construction and other outdoor work Factories, plants and warehouses Labs and research facilities Offices and ...

Top 5 tips on communicating through a crisis

In the current crisis, Tom Ahmad, ICAEW Croydon President and licensed insolvency practitioner urges members to focus on the importance of clear and sensitive communication. https://www.icaew.com/groups-and-networks/local-groups-and-societies/london-ds/london-accountant/opinion/may20-croydon

CORONAVIRUS JOB RETENTION SCHEME WILL REMAIN OPEN UNTIL END OF OCTOBER

The government’s Coronavirus Job Retention Scheme will remain open until the end of October, the Chancellor announced this week Coronavirus Job Retention Scheme will continue until end of October furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500 new flexibility will be introduced from August to get employees ...

CORONAVIRUS BOUNCE BACK LOAN

The Business Bounce Back Loan scheme has launched today with applications now open. The scheme helps small and medium-sized businesses affected by Coronavirus (COVID-19) to access loans of up to £50,000. The Government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. For ...

IN CONVERSATION – FACING FINANCIAL DIFFICULTIES

In this latest post, Tom and Sheetal Shah from DSK LLP Accountants discuss the difficulties companies may face as a consequence of the current crisis. We run through strategies such as informal negotiation, administration, CVA and voluntary liquidation.    

Chancellor Rishi Sunak announces new Bounce Back Loan Scheme

Chancellor Rishi Sunak announced a new Bounce Back Loan Scheme earlier this week, which will be launched on Monday 4 May. The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to ...

Essential Links – Coronavirus Support

Coronavirus Financial Support Tool  – help find out what support is available to you and your business https://www.gov.uk/business-coronavirus-support-finder Claim for wages through the Coronavirus Job Retention Scheme (CJRS) https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme The Government Business Support Hub –  including details on your responsibility as an employer, what you can do to help, and details on financial support available ...

FINANCIAL FORECASTING OUT OF THE CRISIS

Tom and Sheetal Shah from DSK LLP Accountants took a chance to reflect on the stages small businesses are reaching now,  talked about how businesses can start formulating their business plans to forecast for the future, and how to use this information to access some of the funding and support that’s currently available.  

SUPPORT FINDER TOOL LAUNCHED

A new support finder tool has been launched by the Government this week to help find Coronavirus support for businesses and self employed individuals. A simple questionnaire takes businesses owners and self employed a few minutes to complete and will guide them to the relevant support available where applicable. https://www.gov.uk/business-coronavirus-support-finder  

All consultations are confidential, free of charge and without obligation

Paul Bailey and Tommaso Ahmad are licensed insolvency practitioners in the UK and are regulated by the Institute of Chartered Accountants in England & Wales. We are also members of R3 - The Association of Business Recovery Professionals.

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