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Ring-fencing COVID losses

Ring-fencing COVID losses

Most companies will have fairly healthy accounts up to the middle of March 2020 when the lock-down of activity to control coronavirus started.

Since that date, many firms will have struggled to maintain profitability even with the support of the various government programmes.

Why use cloud accounting software?

Why use cloud accounting software?

For less than you would spend on tea milk and coffee each month, you can acquire the use of cloud-based accounting software.

Why bother?

Self employment Income Support Scheme launched

Self-employment Income Support Scheme launched

The Self-employment Income Support Scheme (SEISS) opened for applications at 8am on 13 May 2020. The scheme will provide grants of up to £2,500 per month based on 80% of average profits to qualifying applicants.

HMRC has reiterated that the claim is designed to be made by the claimant directly and that advisers cannot make a claim on behalf of their clients. Instead, qualifying applicants need to make a claim using their own Government Gateway account.