Best Accountancy

CLIENT ALERT – 5 January 2021 National lock-down and increased government support

Source material: Press release – https://www.gov.uk/government/news/46-billion-in-new-lockdown-grants-to-support-businesses-and-protect-jobs

Dear clients,

The Prime Minister has announced a new national lock-down for England, 4 January 2021, that is likely to apply until half-term February 2021. Similar restrictions are likely to apply in the other regions of the UK.

The following day the Chancellor, Rishi Sunak, stepped in and disclosed a raft […]

By johnbest|January 5th, 2021|Finance|0 Comments

The Job Support Scheme – more details

More information has now been published to the GOV.UK website regarding the Job Support Scheme (JSS). The new scheme will commence 1 November 2020, for a six month period, when the present furlough scheme ends.
A short summary of the key facts follows.
Who is eligible?
Conditions for employers:
• JSS in available to employers with a UK bank account […]

By johnbest|September 25th, 2020|Finance, Payroll|0 Comments

The Chancellor’s Winter Economy Plan

The Chancellor, Rishi Sunak, confirmed that there will be no Autumn Budget this year. He also outlined two new measures to support jobs over the coming months. His Winter Economy Plan offers additional support on a number of fronts including the new:
• A Job Support Scheme and
• An extension to the Self- Employed Income Support Scheme.

The Furlough […]

By johnbest|September 25th, 2020|Finance|0 Comments

What if the worst happened?

INSURANCE

Half would fold if a key person died

There are around 4.9 million companies in the UK and 98% of them employ fewer than ten people. However, research released in May 2017 by Legal & General in its “State of the Nation’s SMEs’” report has found that at least 48% of them would have to permanently close down if a […]

By johnbest|July 10th, 2017|Company Matters, Finance|0 Comments

No More Card Charges

Card surcharges banned from January 2018

Currently, when your business accepts a payment by debit or credit card it can apply a surcharge to cover the cost, e.g. the service fee that’s applied by a credit card company. However, this practice will be banned thanks to the EU Revised Payment Services Directive which must be implemented into our domestic law by 13 January 2018 at […]

By johnbest|July 10th, 2017|Finance|0 Comments