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...
by Add Then Multiply | Mar 29, 2020 | Finance, Growth
Yesterday, Alok Sharma, the Secretary of State for Business, Energy and Industrial Strategy gave the government’s daily briefing to the press. Among other things, he announced that there would be a temporary relaxation to insolvency laws, designed to give company...
by Add Then Multiply | Mar 27, 2020 | Finance, Growth
This is an open letter I’ve just posted to the Chancellor to try and redress the gaping hole that entrepreneurs and self-employed people find themselves in. Dear Chancellor, The actions that you and the government have taken to...
by Add Then Multiply | Mar 27, 2020 | Finance, Growth
At last, HMRC has published guidelines on the operation of the Coronavirus Job Retention Scheme (CJRS). Here they are, translated into plain English. Who qualifies? Any UK organisation that is registered with HMRC for PAYE and had employee(s) on the...
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