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COVID-19: Construction industry furlough claims rejected as ineligible. Why are claims by construction companies for furloughed staff being rejected as ineligible? One of the qualifying criteria for claiming 80% of the salaries of furloughed employee under the Coronavirus Job Retention Scheme (CJRS) is that the employer must have operated a PAYE scheme prior to the […]
COVID-19: Ineligible furloughed directors are mostly those receiving a monthly tax-free salary of £719 per month for 2019/20. This issue relates to claims for Coronavirus Job Retention Scheme (CJRS) grants being rejected as ineligible. The companies affected are those where the directors have operated a payroll for themselves only and opted to receive a monthly […]
COVID-19: Befuddled? We are tax agents who can guide you through the Coronavirus Job Retention Scheme (CJRS) and Self Employed Income Support grants. HMRC has recently reached out to Canalitix Accountants and other UK tax agents to assist businesses with their claims for furloughed staff wages under CJRS. The CJRS dedicated online claims system is […]
The COVID-19: HMRC Job Retention Scheme Video by HMRC is very comprehensive and worth listening to. This post on The COVID-19: HMRC Job Retention Scheme Video was sponsored by Canalitix.com This post on COVID-19: HMRC Job Retention Scheme Video+ was sponsored Canalitix.com Thank you for your interest.
This article on COVID 19: Applying for 80% of furloughed staff wages looks at the eligibility and qualify criteria for employers planning to apply to HMRC for help under the government’s Coronavirus Job Retention Scheme. Coronavirus Job Retention Scheme Under the Coronavirus Job Retention Scheme, Employers who have had to put staff on furlough leave […]
COVID-19: The forgotten self-employed are individuals who have started their self-employment businesses since 5th April 2019 and, as a consequence are excluded from claiming grants through the self-employment Income Support Scheme. Being self-employed is like walking a tightrope and trying to balance the demands of creditors, staff and bank overdrafts on the one hand while […]
Today, the COVID-19 Job Retention Scheme Update was announced by the government to provide further clarity on how the scheme will operate. According to the announcement, the scheme will be backdated to 1 March 2020 and provided staff remain employed throughout the crisis the funding will be open to all employers with a PAYE payroll […]
The government has announced that they will support businesses during COVID-19 by deferring VAT and Income Tax payments. VAT will be deferred for 3 months starting from 20 March 2020 until 30 June 2020 and the self-employed will have their Self Assessment advance payment due in July 2020 deferred to January 2021. All UK businesses […]
The government loan scheme has been introduce by the UK government to help businesses to survive the downturn caused by measures to defeat COVID-19. The Coronavirus Business Interruption Loan Scheme The Coronavirus Business Interruption Loan Scheme provides access to bank lending and overdrafts in order to support small and medium-sized businesses during the pandemic and […]