Business Stimulus Support during Covid-19
25/03/2020

During these unprecedented times we wanted you to know what we are doing in order to keep the office open and keep you in touch with us.  

Our office is closed to the public, in keeping with the Prime Minister's guidelines.  However, Ross will be working from the office and everyone else will be working from home.  We are all connected to our network allowing us to continue with the preparation of accounts and dealing with any queries via email.  

The Chancellor, Rishi Sunak, recently announced that there will be further economic and fiscal stimulus for the UK during the Covid-19 outbreak.  HMRC will reimburse 80% of furloughed worker's wage costs, up to a cap of £2500 per month for the next 3 months and HMRC are working urgently to set up a system for reimbursement.  The cap of £2500 per month is backdated to the 1st March 2020.  

There were a number of other announcements through the tax system - VAT payment deferral, SA payment deferral, longer interest free period for the business interruption loan, increased credits, help for the self-employed and renters, and we are still hearing updates on a daily basis.

Here is the link to the Barclays Bank eligibility checklist for SMEs.  The questions appear to be more or less the same for most banks: https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils/

You can find all of this information on our website here:

https://brayshaw-morey.co.uk/index.php/news.  

We are also regularly sending out e-Newsletters with updates as, and when, they are issued by the Government.  If you haven't already signed up to our website please do so now and keep abreast of the latest announcements.

Finally, if you haven't already done so, why don't you take this opportunity to check out our fabulous Brayshaw Morey App.  Download our App for FREE to benefit from all the wonderful resources. The unique code is BM1987.  Don't forget to register your details on the App because this will ensure you only receive notifications that are relevant to you.  You can find the link to download our FREE App at the end of this newsletter (and also on our website)!   If you are having any difficulties downloading the App please don't hesitate to give us a call or send us an email.


CONTACT US

Fraser Ross House
Fraser Ross House, 24 Broad Street, Stamford, Lincolnshire, PE9 1PJ
Contact Us: info@brayshaw-morey.co.uk
Call Us 01780 750840

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