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Government help schemes explained

COVID-19
Help for Business

HMRC HAVE ANNOUNCED THE JOB RETENTION SCHEME PORTAL FOR APPLICATIONS WILL OPEN ON APRIL 20TH

The government said it would not block furloughed employees from taking on additional work during the coronavirus crisis with a different company. EG A furloughed employee can get a job in a supermarket to boost their income if they wish.

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. Lesser & Co have reviewed the guidance, translated it into a user friendly graphical format and put additional helpful interpretations to help clients navigate the support that is relevant to their individual circumstances. See below for links to the relevant summaries and templates:

sole trader

Job Retention Scheme will continue until end of October

Furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500

Click here to see more infomation on the job retention extension
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sole trader

SEISS Accountants can’t claim for clients - 4th May

Its been announced that the sole traders cannot ask their Accountant to make the claim on their behalf.

Click here to see more infomation on the new announcement
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sole trader

Another grant from government for businesses - 2th May

who missed out on the previous grants of £10k and £25k

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sole trader

Small firms are to get access to 100% taxpayer-backed

After they raised concerns about slow access to existing coronavirus rescue schemes.

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sole trader

Submitting your furlough application

Submitting your application to Lesser & Co, our fees and receiving payment

Click here to see infomation on Submitting your furlough application
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sole trader

Lesser & Co during lockdown

12 key points on how Lesser and Co have adapted and are now operating through this difficult period

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sole trader

How does it work for Sole Traders

Contrary to the confusion caused by the Chancellor, his announcement regarding the self employed was for sole traders only, not Directors of Ltd companies. Directors of Ltd companies instead come under the job retention scheme.

Click here to see full infomation for Sole traders
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furlough

Can I furlough myself ?

Basically, you are asking two questions.
Can I Furlough my self ? Can I claim back 80% of my salary (normally £719 per month) from the government?

Click here to see full infomation for directors
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job doc

Job Retention Scheme

The Government has issued revised guidance on the Coronavirus Job Retention Scheme.

click here to view the revised guidance as of April 4th
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job doc

Job Retention Scheme Latest (April 14th 2020)

Application process, reimbursement and other latest developments .

click here to view the Latest guidance as of April 14th
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job doc

Business Loan Scheme

CBILS has been significantly expanded along with changes to the scheme’s features and eligibility criteria. The changes mean even more smaller businesses across the UK impacted by the coronavirus crisis can access the funding they need.

Click here to see a key summary on the business loan scheme Click here to see information on how to apply for the scheme
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WEBPAGE

Coronavirus business grant - Waltham forest

Important update on Covid-19 grants for businesses in the Waltham forest area: You may need to act. For other councils, please check the relevant council website for further instructions.

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job doc

Support for businesses that pay little or no business rates

The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief.

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job doc

Cashflow Help for Clients

Support for businesses through deferring VAT payments.
Support for businesses through deferring Self-Assessment payments on account
Support for businesses paying tax :Time to Pay service

Click here to view information on cashflow help
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job doc

Support for retail, hospitality and leisure

Business rates holiday for retail, hospitality and leisure businesses.
Cash grants for retail, hospitality and leisure businesses.

Click here to view information on retail, hospitality and leisure
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job doc

Grant update & clarification on categories

14th April 2020 - This list sets out the types of uses that the Government does and does not consider to be an eligible use for the purpose of this relief.

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job doc

Mortgage Holidays

Contact your bank to arrange a mortgage holiday if required.
See links in the this document for more info

Click here to view information on mortgage holidays
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