We thought it would be helpful to share key information and resources all about COVID-19 and the economy to help you better protect your business and employees during this tough and uncertain time.
COVID-19 Business Summary Sheet
The document will aim to cover the key topics that are being asked in the sector and by our clients, to cover what you need to know as an employer, employee or if you are self-employed.
This document will be updated when new information becomes available from the accounting sector, the government and the media.
Included in the COVID-19 key business information download
The latest version of the document covers the following:
- Business Administration: Financial Support, Deadlines and More
- HMRC Helpline
- Government Business Support
- Sick Pay
- IR35 Reforms delayed for a year
- Plus much more…
- Coronavirus and the Self-Employed
- The Self-Employed Income Support scheme
- Other Financial Support
- Useful links
- Sources
Click the button below to download your copy:
Important information about the download – when you click the download button above, make sure you download the document (top right of the page) to your device and save it in a handy place. That way you can easily reference it when you need to.
Also, if you are on a Windows machine hold down control when clicking links so they open in a new tab. If you are on a Mac hold down command.
Updates
Make sure you have the most up-to-date version of our summary sheet as we are making updates on a regular basis.
- Version 1 – uploaded 31 March 2020
- Version 2 – updated 21 April 2020
- Version 3 – updated 28 April 2020
- Version 4 – updated 12 May 2020
- Version 5 – updated 26 May 2020
- Version 6 – updated 24 June 2020
Outsourcing your payroll
Let us take care of your payroll so you can look after more important parts of your business
Having an efficient payroll service is a key part of all successful businesses, and you can relax knowing that your employees are paid correctly, on time and that your business complies with all HMRC regulations and requirements.
Furloughed employees
As part of our payroll service, we will take care of any staff who have been furloughed, meaning another job you don’t have to worry about. We are keeping up to date with the latest government schemes and funding available, so we can make sure clients are getting the financial support they need to survive.
UK Government Funding Support Tool
The UK government has announced numerous schemes to help businesses access financial support to tackle challenges they’re facing due to the current pandemic.
Sage UK have put together a simple tool to help you understand which of these schemes your business is likely to be eligible for, giving clear guidance on how you access them too.
All you have to do is answer a few simple questions. Click the link below to find out more:
Changes to the Coronavirus Job Retention Scheme
The government has announced recent changes to the Coronavirus Job Retention Scheme (CJRS), which is due to end on 31 October 2020.
From 1 July, companies have the option to bring furloughed employees back to work for any amount of time and any shift pattern, while still having the option to claim CJRS grant for the hours not worked.
In addition to this, from 1 August 2020, the level of grant will be reduced each month. To be eligible for the grant companies must pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they are being furloughed.
Helpful resources
The government has put together helpful resources all about the changes to the Coronavirus Job Retention Scheme:
