by Add Then Multiply | Apr 24, 2020 | Covid19, Finance, Growth, Investment
Over the past 10 days, I have interviewed around two dozen entrepreneurs about their CBILS experiences and also spoken with senior bankers from several high street banks. Everyone was promised anonymity in return for giving me the full story of CBILS from their...
by Add Then Multiply | Apr 18, 2020 | Covid19, Finance, Growth, Investment
They’ve done it! The HMRC portal for claiming under the Coronavirus Job Retention Scheme goes live on Monday 20 April. They haven’t said what time it goes live. Night owls, I recommend you stay up on Sunday night and try to access the portal in the wee small...
by Add Then Multiply | Apr 16, 2020 | Finance, Growth
Much noise was made yesterday about the latest changes to the Coronavirus Job Retention Scheme (CJRS). It’s definitely an improvement, but it still leaves many who changed jobs after 28 February in the void. There’s been a little more about the portal for...
by Add Then Multiply | Apr 5, 2020 | Finance, Growth
The government has updated the rules of the Coronavirus Job Retention Scheme. The underlying rules of the scheme are unchanged: You can claim 80% of the wages of furloughed employees up to a cap of £2,500 per employee per month, plus employer’s NI and...
by Add Then Multiply | Apr 3, 2020 | Finance, Growth
Finally, there is some good news for SME business owners. It’s been two weeks since Chancellor Rishi Sunak announced CBILS, the Coronavirus Business Interruption Loan Scheme, and SME business owners are getting scared. The government said the money would be...
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