Tel: 0115 943 6493

    Email: info@wrenaccountancy.co.uk

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THE SELF EMPLOYED INCOME SUPPORT SCHEME

27/03/2020

Yesterday the Chancellor finally announced the long awaited Self Employed Income Support Scheme, wesay finally but in reality this along with the other employment packages and loan support schemes have been put together in a little under 10 days in all, which is extraordinarily quick for...

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THE SELF EMPLOYED INCOME SUPPORT SCHEME

27/03/2020

Yesterday the Chancellor finally announced the long awaited Self Employed Income Support Scheme, wesay finally but in reality this along with the other employment packages and loan support schemes have been put together in a little under 10 days in all, which is extraordinarily quick for...

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Remote Working Precautions

25/03/2020

Stay Protected in this COVID-19 Period With most businesses remote working in the UK this introduces new opportunities for cyber-criminals to open the door into your business. Since the virus took a hold in the UK more than 100 victims of coronavirus related fraud have been identified with losses of almost £1m recorded. Make sure...

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VAT DEFERRAL

25/03/2020

For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. All UK businesses are eligible. How to access the scheme This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020 to 2021 tax year to pay any...

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THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS) IS NOW AVAILABLE THROUGH PARTICIPATING LENDERS

23/03/2020

INTRODUCTION CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of business finance products, including term loans,...

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Coronavirus Job Retention Scheme & other support from Government

23/03/2020

The government has issued a number of measures that aim to help businesses through these difficult times. We have listed these measures below and added some practical explanations. We understand that now is the time when we, as your financial advisers, can prove ourselves and therefore, we will be contacting you shortly to plan for...

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Support for businesses paying tax

19/03/2020

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time to Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. If you are concerned...

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Support for businesses through the Coronavirus Business Interruption Loan Scheme

19/03/2020

A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch shortly to support businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in...

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Support for businesses that pay little or no business rates

19/03/2020

Additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR) has been announced by the Government. This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing...

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Support for businesses that pay business rates

19/03/2020

There will be a business rates retail holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible. A £25,000 grant will be provided to retail, hospitality and...

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CORONAVIRUS (COVID-19) - GUIDANCE FOR OUR CLIENTS & CONTACTS

19/03/2020

Below are some key Government websites where you can access the latest information: Government action plan: https://www.gov.uk/government/publications/coronavirus-action-plan Guidance on social distancing and stay at home:...

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Covid-19 Support to Businesses

17/03/2020

The Coronavirus outbreak is a rapidly changing situation and Wren Professional Services Ltd is monitoring advice from the Government with regards to impacts on businesses. The latest advice is listed below and further updates will be provided through the news feed on our website as they emerge. General guidance for businesses on how...

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Self-Employed Income Support Scheme

26/03/2020

The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment. A list of the scheme features as announced, and published, are as follows: Those...

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Coronavirus: government launches online “isolation notes” service

25/03/2020

Employees who are unable to work for more than seven days because of coronavirus (COVID-19) can now obtain an “isolation note” through a new online service. The new isolation note, which can be used by employees as evidence of their coronavirus-related absence from work (either because they have symptoms or they live with...

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Acas publishes updated coronavirus resources

25/03/2020

Acas has published updated guidance for employers and employees on the coronavirus (COVID-19). The guidance now covers: social distancing and vulnerable people self-isolation and sick pay what to do if the employer needs to close the workplace what to do if an employee needs time off work to look after someone what to do if someone...

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Television licence fees for over-75s

24/03/2020

In a joint statement from the BBC and the Department for Digital, Culture, Media & Sport it has been announced that the changes introducing television licence charges for the over-75s has been delayed. These changes had been due to come into effect from 1 June 2020 but have now been delayed until at least 1 August 2020 due to...

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Companies House deadlines and Coronavirus

24/03/2020

There are automatic late filing penalties which are designed to encourage companies to file their accounts and reports on time. All companies, private and public, large or small, trading or non-trading must send their accounts to Companies House. Companies House is advising businesses to take appropriate measures to file on time. If,...

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Sick pay if you are unable to work

24/03/2020

The government has announced a number of funding and support measures to help those affected by the COVID-19 virus outbreak. A significant number of the measures are designed to help provide financial support at this most difficult time. One of the main measures announced relates to the provision of sick pay. You are entitled to receive...

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Contact Us

Wren Professional Services Ltd

4 Cross Street, Beeston

Nottingham

NG9 2NX

0115 943 6493

info@wrenaccountancy.co.uk

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