by Henry Walker | Mar 2, 2022 | Business, Covid-19, Farming, Loans
The bounce back loans, CBILS and CLBILS for larger companies were some of the most generous schemes available to businesses suffering from the impact of lockdowns due to the Covid-19 pandemic, paying out a total of £80 billion to help keep businesses afloat. The... 
by Henry Walker | Feb 9, 2022 | Business, Covid-19, Finance, HMRC
Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were non-taxable. Have you set money aside to deal with tax on support grants? HMRC... 
by Henry Walker | Oct 6, 2021 | Covid-19, Finance, Salary
The Coronavirus Job Retention Scheme (CJRS) came to an end on 30 September 2021. The scheme has provided financial help to employers and employees during the COVID-19 pandemic, allowing employers to claim grants with which to pay furloughed and flexibly furloughed... 
by Henry Walker | Sep 1, 2021 | Business, Covid-19, Finance, Salary
The recent ‘pingdemic’ has resulted in large numbers of employees self-isolating. Where an employee meets the qualifying conditions, you must pay them SSP while they are self-isolating. As qualifying periods of self-isolation count as a Coronavirus-absence, if you are... 
by Henry Walker | Aug 10, 2021 | Business, Covid-19, Tax
Now that the ‘work from home if you can’ guidance has been lifted, employees are returning to the office. If, following their return, you allow employees to keep their homeworking equipment for personal use, there may be tax consequences to consider. ... 
by Henry Walker | Aug 10, 2021 | Business, Covid-19, Finance, HMRC, Loans, Tax
If you have received one or more grants under the Self-Employment Income Support Scheme (SEISS), it is important that you report the payments correctly on your tax return. 2020/21 self-assessment tax return SEISS grants that were received in the 2020/21 tax...