At George Hay we are committed to providing continuity of service to our clients whilst being mindful of actions required in order to safeguard our staff and our clients.
In response to the current situation we are adopting some different working practices and are encouraging our staff and clients to follow official guidance. In some cases, staff may be working remotely, and client meetings conducted via telephone rather than face to face.
Despite the difficult circumstances our aim is to be as contactable as usual and to continue to provide our normal level of service in order to support you and your business at this time.
The UK Government have announced a multi-billion-pound package of measures to support businesses, employers and individuals facing challenges as a result of the Coronavirus outbreak.
We have a wealth of information available throughout our website and the George Hay Blog is regularly updated with the latest developments. Here we summarise the practical help and guidance that is available to you:
- Coronavirus Job Retention Scheme (CJRS) - Government guidance | What does it mean for employers? | Claiming wage costs under the CJRS | Determining eligibility for the CJRS | Coronavirus Job Retention Scheme (CJRS) extended until October | Furlough scheme to become more flexible from 1 July | Q&A: Getting to grips with the new ‘flexible’ furlough scheme | Job Retention Bonus to incentivise employers | HMRC issue further details of Job Support Scheme | Government issues new guidance on Job Retention Bonus | National Lockdown: CJRS extended and further financial support announced
- Business plans – a business plan should be a ‘living’ document that you regularly review, and particularly when your circumstances change significantly. We have years of experience when it comes to supporting businesses with the preparation and implementation of effective business plans. The Coronavirus crisis; Reviewing your business plan could aid recovery
- Deferral of VAT payments due up to 30 June - Government guidance | Chancellor defers VAT & Income Tax payments| VAT payments: Prepare for the end of the deferral period
- Time to Pay (TTP) - Time to Pay infographic | COVID-19 Tax Helpline
- Changes to insolvency rules - Changes to insolvency system during Coronavirus crisis
- Accounts filing extension - Three-month extension to filing deadlines
- National Lockdown (Nov 2020) - National Lockdown – Extension to the Coronavirus Job Retention Scheme and Business Support Update | Government extends Self-Employment Income Support Scheme and Government-backed loans
- Self-Employment Income Support Scheme (SEISS) - Government guidance | Support for Self-Employed announced | Accessing the Self-Employed Income Support Scheme | Self-Employment Income Support Scheme (SEISS) extended | Further clarification issued on eligibility for second round of Self-Employment Income Support Scheme | Portal open to claim second SEISS grant
- Self-Assessment Income Tax payment deferral, to 31 January 2021 - Income tax payment holiday
- Business Rates holidays for 2020-21 tax year.
- Retail, Hospitality and Leisure Grant Fund - Grant Funding Schemes; Guidance for businesses
- Coronavirus Large Business Interruption Loan Scheme (CLBILS) - British Business Bank
- Coronavirus support schemes: Key dates to remember
- 2020/21 Tax Planning Checklist
- Help and support if your business is affected by Coronavirus (COVID-19)
- Covid-19 Secure - Visitor Notice
- UK200 Group Coronavirus Business Impact Survey results
- COVID-19 podcast
- HMRC Business Support Helpline
- Central Bedfordshire Council
- Bedford Borough Council
- Huntingdonshire District Council
- Herts Growth Hub
- Cambridgeshire & Peterborough Combined Authority
- Do you qualify for the SEISS?
We know that the coming weeks and months are going to be challenging for many businesses and employers, as you begin to think about recovering and re-building on the other side of the crisis. Though we have adapted some of our working practices, we urge you to keep communicating with us during this period of uncertainty.
It essential that you continue to maintain accurate and timely accounting records, and that you keep your tax affairs up to date. Doing so, means you can plan better, prepare better and ultimately, put your best foot forward. We would encourage clients to provide all outstanding tax and accounts information as soon as possible.