COVID-19

Local Restrictions Support Grants (LRSG) and Additional Restrictions Grant (ARG): Applications are now OPEN so please check with your Local Authority immediately.

Applications Are Now Open (closing December): Please see your Local Authority’s website for further information and to make an application. Guildford Borough Council here Waverley Borough Council here Chichester District Council here Adur & Worthing here Mid Sussex here Crawley here Horsham here East Hants here The schemes are all delivered through local authorities and […]

The Government’s announcement on 31st October 2020

This is what we know at this time. We hope for more detail very soon. This is taken from the Government’s press announcement. We will update you when we know more. Job Retention Scheme Employers small or large, charitable or non-profit, are eligible for the extended Job Retention Scheme, which will continue for a further […]

Green Homes Grant: make energy improvements

The Government Green Homes Grant Scheme is going to shortly start paying out vouchers. As a homeowner, it is worth looking into. As a Trustmark tradesperson it is worth noting the guidance should you get contacted for a quote. How much you can get Vouchers will cover two-thirds of the cost of eligible improvements, up […]

An expert’s comparison of the Kickstart Scheme, Apprenticeships, Traineeships and the new T-Levels.

If you are interested in exploring your employment options for anyone aged 16-24 years old then you definitely need to read  Steph at Tomorrows Talent ‘s  comparison of all the available Government initiatives. Found here. If you would like to know more about any of the schemes, please contact the excellent steph@tomorrows-talent.com.  

The Job Support Scheme (JSS)- Updated following the Chancellor’s announcement on 22 October 2020

The JSS is the second phase in UK government support measure for organisations during the COVID-19 pandemic. After announcing the scheme a while back, the Chancellor has since, amended and clarified the scheme. We are still in need of full guidance, but here is what we know. The scheme, known as the Job Support Scheme […]

Local Restrictions Support Grants (Tier 2- High)

The overall message on these grants is to speak to your Local Authority as soon as possible if you are affected in any way by Tier 2 (High) restrictions. What is the scheme? We are providing additional funding to allow local authorities to support businesses in Tier 2 areas which are not legally closed, but […]

Local Restrictions Support Grants (Tier 3- Very High)

Businesses in England required to close due to localised COVID-19 interventions will now be able to claim up to £1,500 per property every three weeks. To receive the grant, a business must have been required to close due to local COVID-19 restrictions. According to a government release on the new scheme: if a business occupies premises with […]

Guidance on Self-employment Income Support Scheme

Information on the Self-employment Income Support Scheme (SEISS), including information on changes to eligibility criteria and the level of the grant, as well as the application process and requesting reviews. What you need to know Who can claim: Self-employed individuals or a member of a partnership (as long as certain eligibility criteria are met, see below). […]

The Job Retention Bonus

What you need to know The JRB was announced in July 2020. This is a one-off payment to employers of £1,000, for every employee for whom the employer has made a valid claim under the CJRS and who remains continuously employed through to 31 January 2021. Eligible employees must earn at least £1,560 in total […]

Chancellor outlines Winter Economy Plan

The Chancellor Rishi Sunak today (24 September 2020) outlined additional government support to provide certainty to businesses and workers impacted by coronavirus across the UK. Delivering a speech in Parliament, the Chancellor announced a package of measures that will continue to protect jobs and help businesses through the uncertain months ahead as we continue to […]

Kickstart Scheme

The Kickstart Scheme provides funding to employers to create job placements for 16 to 24 year olds and to create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment. Funding will cover for each job placement: 100% of the relevant National Minimum Wage for 25 […]

With an increase in Covid-19 infections here are a couple of guidance areas to consider for your business.

Guidance on the NHS Test and Trace service for employers, businesses and workers can be found here. The ICO has issued guidance reminding the need for protection of personal data during the changing Covid landscape which can be found here.  

General guidance and resources for employers considering staff redundancies

Economic conditions such as those created by the COVID-19 health crisis, mergers or a change in business operations can lead to difficult decisions about staff redundancies. The ICAEW has put together a very helpful page found here containing general guidance and resources for employers considering staff redundancies and individuals who might be facing it. If […]

COVID-19: Support on negotiating time to pay with HMRC and useful tips

Useful tips on how to negotiate with HMRC. HMRC has published details of the specific helpline to contact, but it’s not known whether HMRC will change its usual approach to time to pay, for taxpayers who are having difficulty paying. Businesses and agents may find useful the following reminders about what usually needs to be considered when […]

The Department for Business, Energy & Industrial Strategy (BEIS) launches new SME leadership schemes

A brace of schemes aimed at helping SMEs in England improve their leadership skills while learning with and from their peers have been launched by the BEIS. The £20m programmes, which are designed to be complementary, aim to “enhance resilience and recovery” from the devastating impact of COVID-19, while also empowering businesses to develop their […]

Have you heard about your local Growth Hub?

There are 38 Growth Hubs across England led by the Local Enterprise Partnerships (LEPs). LEPs are business led partnerships between local authorities and local private sector businesses.  They advise that they play a central role in determining local economic priorities and undertaking activities to drive economic growth and job creation, improve infrastructure and raise workforce […]

No immediate deadline for making CJRS claims for July

HMRC has emphasised that claims for grants under the Coronavirus Job Retention Scheme (CJRS) for the period 1 to 31 July, do not have to be made by the end of August. HMRC has received enquiries from some employers believing there is a 31 August deadline for making CJRS claims for the period 1 – 31 July. […]

Applications for the second Self-employment Income Support Scheme (SEISS) are now open closing 19 October 2020

Applications for the second Self-employment Income Support Scheme (SEISS) are now open, closing 19 October 2020. Below is information on eligibility, the application process, grants over claimed and requesting reviews. Who can claim: Self-employed individuals or a member of a partnership (as long as certain eligibility criteria are met, see below). Limited companies and trusts […]

Clive Webb, ACCA’s senior insights manager, sets out key steps for resumption planning: what’s feasible for people, process, technology and data?

If you are looking for a simple structure for your entry into business planning for the next few quarters, we think Clive Webb’s breakdown is very helpful indeed. “Planning their recovery from the current situation is an activity that organisations need to focus upon. The situation will, however, remain fluid for many months to come […]

The International Federation of Accountants sets out how accountants can help businesses that have been disproportionately affected by Covid-19

IFAC’s Small Business Continuity Checklist – How to Survive and Thrive Post Covid-19 outlines key financial management and strategic management tasks, helping businesses to proactively identify and consider essential and timely information. Key areas include the preparation of good cash flow forecasts, and a review of working capital (not new messages on our updates). Please […]

Kick Start Scheme, Apprenticeship Bonuses and Work Placement Funding

The Kick Start Scheme In a bid to head off potential mass youth unemployment, the Chancellor announced a £2bn Kickstart Scheme, which will pay employers to create new jobs for 16-24-year-olds at risk of long-term unemployment. Funding will cover 100% of the National Minimum Wage for six months plus the associated employer National Insurance contributions […]

Home energy efficiency vouchers- a green recovery?

The Chancellor told MPs that the government wants a green recovery with “concern for our environment at its heart”. From September, homeowners and landlords will be able to apply for vouchers to make homes more energy efficient, with the Chancellor claiming it will create 140,000 jobs. Vouchers worth £5,000 (or up to £10,000 for low-income […]

Cuts to SDLT and VAT to support COVID recovery

No SDLT on houses up to £500,000 in England and Northern Ireland and VAT cut to 5% to support hospitality As part of the government’s plans to create jobs, the Chancellor confirms that from today (8 July 2020) no SDLT will be paid on houses up to £500,000 in England and Northern Ireland. The change, […]

£1k job retention scheme bonus for employers

Employers who retain staff for three months after the furlough scheme ends will receive £1,000 government ‘bonus’ for each employee, the Chancellor has announced. One of the main purposes of the Coronavirus Job Retention Scheme (CJRS) has been to support continued employment rather than face the prospect of mass redundancy. In his Summer Statement, the Chancellor confirmed that […]

Revel Accountants will shortly be posting three webinars on cashflow management

A vital skill to master for any business even before a global pandemic. Webinar 1- Managing cashflow explained. Irrespective of your size, whether you are growing, surviving or a mixture of the two dependent on the day, cash is king. Yet the sharing of the knowledge needed to better improve the health of your business […]

© Revel Accountants Ltd. All Rights Reserved. | Company registered in England & Wales, Company Number 10405823, Registered Office Mill House, Liphook Road, Haslemere, GU27 3QE, VAT registration number 252 485 205. Registered with ACCA to provide accountancy and tax services with registration number 3859120, and a member firm of ATT