Rishi Sunak has today extended the scheme until the end of April at the current rate of 80% of wages not worked (upto a limit of £2,500 per month) which will be a welcome boost for a huge section of UK still struggling, especially those in the hospitality, retail and arts/culture sectors, who will hopefully be able to plan a route back to trading in the new year with the support of this scheme. The conditions of eligibility for the scheme will remain unchanged. I hope you all have a relaxing break over the festive period, and here's to a positive start to 2021, all the best!
Furlough Scheme Extension
Video Update: Bounceback Loan Warning
As much as I say it's fast becoming my specialist subject, that's certainly not been through choice, but on a serious note, it is worrying to hear how many people are unlikely to repay their Bounceback Loans, and I think it needs to be said that 'Government backed', does not mean 'without consequence', do your research!
SEISS Grant Update and Information
Another update on the current funding. The 3rd Self Employment grant went live for claiming, so login to your personal tax account to lodge your claim for this as soon as possible. There has been a a local Grant released for West Dunbartonshire town centre based businesses, see the information below, and check your local authority website for region relevant funding in your area.
Video Update: Shutting your Limited Company?
As promised, why it's not going to be as easy as it seems to walk away from your Company just after filling in an online form at Companies House....especially if you've taken out a Bounceback Loan recently!