Potential Deferring of Salaries
Start conversations with staff regarding potential deferring of salaries There is a possibility the CJRS money may not be paid to employers by end April as originally planned. If this is the case businesses will need to think about their cash flow and how they are...Government puts pressure on Banks to help Businesses
After a quiet few days for business announcements from the government, today the Business Secretary, Alok Sharma, addressed the nation, to give some much-needed optimism for businesses that are still struggling due to the limitations in the government’s support...COVID-19 – Daily Update and Director Pay Review
Following on from yesterday’s update, Westminster was quiet again today on the business front, so there are no additional government updates today. Hopefully, by now, you are well on your way with your HR plan, funding solutions and other cash flow improvement...R&D and how it can get cash into your business quickly
Research & Development (R&D) tax relief is an incentive available to UK limited companies which encourages investment in innovation. R&D tax credits can reduce a company’s tax liability and can be backdated for previous years so can result in significant...HR Strategy / R&D Consultations
Our HR and Tax teams worked over the weekend to ensure our clients were able to plan and start executing their HR/Furlough strategies. If you haven’t already please contact the TC HR team to find out how we can help.