Thursday, 5 November 2020

New Financial Support for Jobs and Businesses

The Government has made yet further announcements this afternoon (which supercede some of the guidance advised earlier in the week). The headline news for clients to be aware of is that the Government will: - Extend the Furlough Scheme (Coronavirus Job Retention Scheme) until the end of March 2021
-Not pay the Job Retention Bonus in February 2021 but instead redeploy a retention incentive at some future point -Increase the third self-employed grant, covering November to January, from 55% to 80% of trading profits As always if you have any queries please don't hesitate to drop me a line. All the best, Steve Steven Hillman ACA Chartered Accountant Tel: 01934 444100

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